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Dubai banks' exposure to property sector hits 23%
- United Arab Emirates: Wednesday, September 30 - 2009 at 14:39
According to a report by Kuwait Financial Centre, the exposure of Dubai banks to the troubled real estate sector is 23%, the second highest in the GCC after Bahrain, while banks in Abu Dhabi have the least at 9%. Bahrain banks have the highest exposure with 26%, Kuwait has 16% while Qatar has 10%.
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StaffWednesday, September 30 - 2009 at 14:39 UAE local time (GMT+4)
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