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Ashraf M.Rahman
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- United Arab Emirates
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Ashraf M.Rahman's Blog
How has the Credit Crunch affected Trading in Dubai?
Most UAE banks were already owned or partly owned by the governments and therefore did not need to have money pumped into them like the rest of the world banks.
Liquidity has been a problem for some banks but the UAE government agreed to safeguard all deposits in all Arab banks for three years and some of the larger foreign banks also had their deposits guaranteed by the UAE government.
It is unlikely foreigners will be able to get a mortgage if they buy a property in Dubai but that has been a… Continue
Liquidity has been a problem for some banks but the UAE government agreed to safeguard all deposits in all Arab banks for three years and some of the larger foreign banks also had their deposits guaranteed by the UAE government.
It is unlikely foreigners will be able to get a mortgage if they buy a property in Dubai but that has been a… Continue
Posted on March 5, 2009 at 7:59am —
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