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UAE cenbank assesses Saudi exposure

Posted on 17 July 2009

From Tradearabia.com: The central bank for the United Arab Emirates was meeting commercial banks on Thursday to assess potential problems due to lending to two troubled Saudi family conglomerates, bankers said.

‘The meeting is on the invitation of the central bank, mainly to review exposure of UAE banks to the Saad/Algosaibi groups,’ an Abu Dhabi-based banker, who is attending the meeting, told Reuters………Full Article: Source

 
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