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UAE banks warned on IPO loans
- United Arab Emirates: Wednesday, May 04 - 2005 at 07:00
The UAE Central Bank has said it will take punitive action against banks that fail to comply with its restrictions on lending for initial public offerings. The board has asked its management to prepare a study to identify the offending banks. This follows the huge oversubscription of recent IPOs.
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Peter J. CooperWednesday, May 04 - 2005 at 07:00 UAE local time (GMT+4)
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