U.A.E. Appoints Mansouri Central Bank Chief, Replacing Suwaidi - Bloomberg

U.A.E. Appoints Mansouri Central Bank Chief, Replacing Suwaidi - Bloomberg:



"The United Arab Emirates appointed Mubarak Al Mansouri as central bank governor, replacing Sultan bin Nasser Al-Suwaidi who held the post at the second-biggest Arab economy since 1991.



Mansouri will join the regulator’s board headed by Khalifa Mohammed Al Kindi and that includes Khalid Juma Al Majid, Younis Haji Al Khoori, Khalid Ahmed Al Tayer, Khalid Mohammed Salem Balama and Hamad Mubarak Bu Amim, state-run WAM news agency reported. The new governor is the chief executive officer of Emirates Investment Authority, which holds stakes in companies including Emirates Telecommunications Corp. (ETISALAT)



The U.A.E., which pegs its dirham currency to the U.S. dollar, is the fourth-biggest OPEC oil producer and home to one of the world’s biggest sovereign wealth funds, the Abu Dhabi Investment Authority. The nation’s economic growth may slow to 4.5 percent this year from 4.76 percent in 2013, according to the median estimate of 14 analysts surveyed by Bloomberg."



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