Fallout from the ongoing GCC crisis continues as an article published today in the Financial Times online reports that financial institutions in Abu Dhabi have allegedly undertaken an ad hoc campaign that would limit mandates in the UAE for western banks with large-scale Qatari shareholders.
While users must subscribe to the Financial Times website to read the full feature, here is a screen-shot detailing some of the developments.
As this is a developing news, we look forward to bringing you further updates as they come.
Are you a business-owner or individual with investments tied up in the UAE, or any of the blockading countries embroiled in the diplomatic fallout with Qatar? Drop us a line in the comments below and let us know your thoughts.
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