MIDEAST DEBT-UAE banks "more aggressive" about selling Qatar loans as Gulf rift drags on

MIDEAST DEBT-UAE banks "more aggressive" about selling Qatar loans as Gulf rift drags on:

"A number of banks in the United Arab Emirates are in talks with international counterparts to sell down their Qatar exposure as the Gulf’s diplomatic crisis drags on without resolution. In recent weeks, banking sources say, it has become clear to many UAE bankers that Qatar’s isolation could potentially last for years. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties with Doha on June 5, alleging Qatar funded terrorism, something it vehemently denies."



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