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Fitch predicts property weakness to hit UAE bank assets, loan restructurings

A weakening property market in the United Arab Emirates, where prices have fallen by more than 20% since their peak in 2014, is likely to put more pressure on the asset quality of the banking sector, Fitch Ratings agency said. The UAE, home to the world’s tallest tower, the Burj…

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Click here to read the full story: Reuters

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