From Business24-7.ae: Abu Dhabi Commercial Bank (ADCB), one of the largest Gulf banks, said yesterday it would avoid investment in global markets after reporting losses in 2009 because of massive bad-debt provisioning.

Alaa Eraiqat, CEO of ADCB, described 2009 as a year of provisioning for the government-controlled bank, but sounded cautiously optimistic about 2010……………………………………Full Article: Source