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Email this article: UAE central bank sets loan limits for state-linked firms
Posted: Sat April 7, 2012 12:36 pm
UAE. Large exposure limit rules for commercial banks expanded; New caps for loans made to local governments and their entities introduced; First such change in two decades.
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SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
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