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UAE bank bad loans to worsen

Dubai World exposure means bad loan losses may grow 4 percent.

June 30, 2010 3:20
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

UAE: 13 banks exposed to Saad and Algosaibi fiascos, says central bank governor

The UAE central bank governor announced on Monday that 13 banks…

September 28, 2009 2:12