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Kingdom unaffected by Dubai debt woes: Jadwa

Posted on 09 December 2009

From Arabnews.com: The debt problems in Dubai will have little impact on Saudi Arabia, says Jadwa Investment in its latest report.

“Saudi banks have minimal exposure to the affected companies in Dubai and the direct impact on the Saudi economy will be small. Confidence about the unique dynamics of the Saudi economy meant that the stock market was largely unscathed,” said the Riyadh-based joint stock company…………………………….Full Article: Source

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