Trouble brewing in the MidEast?
The UAE Central Bank extended Dh50bn in emergency funding to banks this week, as worries about the Middle Eastern banking system continue to escalate. But borrowers in the region still want to tap the market for big financings. Borse Dubai, for example, is talking to lenders about refinancing a $3.78bn facility from earlier this year. Read EuroWeek on Friday to find out how bankers think the loan market in the Gulf will pan out this year.
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