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Banks UAE and Saudi Arabia to stop dealing with banks of Qatar

Several commercial banks in the United Arab Emirates and Saudi Arabia announced a cease of operations with banks of Qatar.

As reported by Reuters, the banks decided to refrain from taking any action pending receipt of instructions from the Central banks of their countries.

The Central banks of UAE and Bahrain have required banks to report on the risks of potential losses in connection with operations in Qatar.

Banks UAE and Saudi Arabia to stop dealing with banks of Qatar 06.06.2017

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