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Friday, March 12, 2010
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Mubadala buys 9pc stake in US bank
Abu Dhabi  
 
  Abu Dhabi's government-owned Mubadala Development Company, which has stakes in Ferrari and Piaggio Aero, said on Thursday it has bought a 9 percent equity stake in boutique US investment bank The Raine Group.  
   

  Fitch affirms NBAD’s strong credit rating
Abu Dhabi : 
  Fitch Ratings has affirmed the National Bank of Abu Dhabi’s (NBAD) strong rating, basing its decision on robust management and the Bank’s performance during the global financial crisis.     
   
  UAE says banks can absorb shocks
Abu Dhabi : 
  Banks in the United Arab Emirates are strong enough to absorb any shock, even from Dubai World's restructuring, and no capital injection is needed for now, a senior finance ministry official said.     
   

 
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