Qatar quarrel plays out in battle over UAE banks | Reuters:
A proxy war between the United Arab Emirates and Qatar is being played out at banks in the UAE which have Qatari shareholders, weighing on their business and raising questions about their future.
Some banks and other businesses had been warned by the UAE government against entering into deals with Qatari companies, since the UAE, Saudi Arabia, Bahrain and Egypt began a boycott of Qatar in June 2017, sources including a senior UAE banker and a UAE business official told Reuters.
As a result, some UAE companies and banks have shied away from business with United Arab Bank (UAB), Commercial Bank International and Al Khaliji France, sources said.
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