| 20.11.2009 - UAE local loans to Saudi groups total $2.9bln |
| From Thenational.ae: Local lenders have a total exposure of US$2.9 billion (Dh10.65bn) to the struggling Saudi conglomerates Saad Group and Ahmad Hamad Al Gosaibi and Brothers, the Central Bank says. The first official confirmation of the value of lending to the two companies is at the high end of analysts’ estimates for UAE banks, which were between $2bn and $3bn..........................Full Article: Source |