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Saudi economy, banks unaffected by Dubai debt - report

Posted on 10 December 2009

From Arabianbusiness.com: Dubai’s debt problems will have little impact on Saudi Arabia’s economy and banking institutions, a Riyadh-based investment firm has said 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 Jadwa Investment report, quoted by Arab News…………………………….Full Article: Source

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