MIDEAST STOCKS-UAE stocks move after firms disclose exposure to embattled firm Abraaj | Reuters:
Dubai’s Union Properties rose in early trade after it said on Wednesday the company and its unit does not have any exposure to embattled private equity firm Abraaj, which filed for provisional liquidation earlier this month. United Arab Emirates’ top securities regulator has asked UAE-listed companies to declare their exposure to Abraaj, Reuters reported on June 21. Air Arabia was down 0.7 percent, bringing its total losses to 5.3 percent for the week in the wake of disclosing it had a $336 million overall exposure to Abraaj.
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