Oil price drives debt spree for Middle East banks

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Oil price drives debt spree for Middle East banks

Elly Whittaker
September 10, 2015 06:00 pm
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Middle East. Elements of this image furnished by NASA | 1xpert - Fotolia

A flood of banks in the Middle East are set to follow the two Abu Dhabi names which are making a dash for cash in the loans market to meet new regulations as they grapple with low oil prices, writes Elly Whittaker.

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