| 03.07.2009 - UAE banks have $3 bln exposure to Saudi firms |
| From Aawsat.com: Banks in the United Arab Emirates face at least $3 billion in potential losses from two troubled Saudi family conglomerates. The banks' exposure goes beyond syndicated loans, the paper said, and includes bilateral financing arrangements built up over the years preceding the market crash of 2008, the paper said. .........Full Article: Source |