Wednesday 2 March 2011

gulfnews : UAE to invest in Spanish bank

The United Arab Emirates will invest €150 million (Dh761.28 million) in a Spanish savings bank, a Spanish government spokesman said yesterday, the second Middle Eastern country to back Spain's regional banks.

The government official, did not name the bank. The Spanish savings bank association, Ceca, declined to comment.

Qatar said on Monday it would invest €300 million in Spanish banks, during the visit of Spanish Prime Minister Jose Luis Rodriguez Zapatero to Doha.

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