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UAE banks report exposure to commodities broker in liquidation
UAE banks have started reporting their exposure to the Dubai subsidiary of Phoenix Commodities, which recently filed for liquidation. Emirates NBD and Mashreq both declared exposure to the company on Tuesday in regulatory filings to the Dubai Financial Market. Emirates NBD said it is owed $23.66 million (Dh86.8m) by Phoenix…
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Click here to read the full story: The National