Sun, Apr 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Commodity Crisis, Market Pulse more

UAE: Credit crisis hurts commodity markets

Posted on 27 October 2008

From AME Info: The global sell-off not only hits stock markets, but also commodities. Two weeks ago, the Dubai Financial Market (DFM) General Index tumbled to a multiyear low of around 3,000 points.

The federal government of the UAE guaranteed all interbank lending between UAE-based institutions and all deposits held by UAE-based commercial banks. Nevertheless last week the panic did not vanish, rather intensified: resulting in a severe collapse of the financial markets…… Full Article: Source


 Article link

This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930