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Big UAE banks to benefit from $14.6bn Dubai World debt restructuring
The UAE’s big banks are set to receive a boost from the restructuring of $14.6 billion of Dubai World debt. The UAE financial system, and especially Emirates NBD, will benefit, says the ratings agency Moody’s Investor Services. It said that the deal hammered out last month between the investment conglomerate…
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Click here to read the full story: The National