27 November 2009 Archive

UK banks have $49.5bn in outstanding loans in UAE

Banks in the UK have offered more in loans to the UAE than anywhere else in Europe

UK banks have a total of $49.5 billion in outstanding loans in the United Arab Emirates (UAE) according to research published by the Royal Bank of Scotland.

FTSE dragged down by raw materials and concern over Dubai

The FTSE has experienced its biggest two day slump since March

The FTSE 100 Index lost 27 points, or 0.5 per cent, to 5,167.13 taking it towards the worst two-day slump since the end of March as raw-material producers followed metals prices lower and Dubai attempt to reschedule its debt rattled investors.

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