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Ahmad Hamad Al Gosaibi & Brothers (AHAB)

Exposed, and it hurts

Exposed, and it hurts

Thirteen UAE banks, and seven foreign branches in the Emirates have a combined exposure of $2.9 billion to the Saad and Algosaibi groups, the Central Bank said on Wednesday. The bank insists everything is going to be ok. Is it?

November 19, 2009 4:19