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Lending in UAE may slow, Aldar CEO says
- United Arab Emirates: Thursday, September 18 - 2008 at 14:16
Ronald Barrott, CEO of Abu-Dhabi based Aldar Properties, says real estate developers in the UAE may find it more difficult to gain financing in the wake of the fallout from the US financial crisis, reported Bloomberg. Banks will become more selective about the companies and markets that they lend to, Barrett said, adding that there may be a slowing in lending.
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