{"id":910392,"date":"2025-05-27T11:36:52","date_gmt":"2025-05-27T11:36:52","guid":{"rendered":"https:\/\/berndpulch.org\/?p=910392"},"modified":"2025-05-27T12:08:11","modified_gmt":"2025-05-27T12:08:11","slug":"%e2%9c%8cunited-arab-emirates-financial-storm-banking-pressures-property-market-struggles-and-economic-challenges%e2%9c%8c","status":"publish","type":"post","link":"https:\/\/berndpulch.org\/de\/2025\/05\/27\/%e2%9c%8cunited-arab-emirates-financial-storm-banking-pressures-property-market-struggles-and-economic-challenges%e2%9c%8c\/","title":{"rendered":"\u270cUnited Arab Emirates\u2019 Financial Storm: Banking Pressures, Property Market Struggles, and Economic Challenges\u270c"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/i.postimg.cc\/fRkwkNHS\/1927326352920743936.jpg?ssl=1\" alt=\"\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">United Arab Emirates\u2019 Financial Storm: Banking Pressures, Property Market Struggles, and Economic Challenges<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Floating Lanterns Light Up a Shuttered Street: Hope Flickers Amid the UAE\u2019s Financial Turmoil<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Language Versions with Flags<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><img decoding=\"async\" alt=\"\ud83c\uddea\ud83c\uddf8\" src=\"https:\/\/abs-0.twimg.com\/emoji\/v2\/svg\/1f1ea-1f1f8.svg\" class=\"r-4qtqp9 r-dflpy8 r-k4bwe5 r-1kpi4qh r-pp5qcn r-h9hxbl\"> Spanish \/ Espa\u00f1ol: Tormenta financiera de los Emiratos \u00c1rabes Unidos: presiones bancarias, luchas en el mercado inmobiliario y desaf\u00edos econ\u00f3micos<\/li>\n\n\n\n<li><img decoding=\"async\" alt=\"\ud83c\uddeb\ud83c\uddf7\" src=\"https:\/\/abs-0.twimg.com\/emoji\/v2\/svg\/1f1eb-1f1f7.svg\" class=\"r-4qtqp9 r-dflpy8 r-k4bwe5 r-1kpi4qh r-pp5qcn r-h9hxbl\"> French \/ Fran\u00e7ais: Temp\u00eate financi\u00e8re aux \u00c9mirats Arabes Unis : pressions bancaires, luttes sur le march\u00e9 immobilier et d\u00e9fis \u00e9conomiques<\/li>\n\n\n\n<li><img decoding=\"async\" alt=\"\ud83c\uddf5\ud83c\uddf9\" src=\"https:\/\/abs-0.twimg.com\/emoji\/v2\/svg\/1f1f5-1f1f9.svg\" class=\"r-4qtqp9 r-dflpy8 r-k4bwe5 r-1kpi4qh r-pp5qcn r-h9hxbl\"> Portuguese \/ Portugu\u00eas: Tempestade financeira nos Emirados \u00c1rabes Unidos: press\u00f5es banc\u00e1rias, lutas no mercado imobili\u00e1rio e desafios econ\u00f4micos<\/li>\n\n\n\n<li><img decoding=\"async\" alt=\"\ud83c\udde9\ud83c\uddea\" src=\"https:\/\/abs-0.twimg.com\/emoji\/v2\/svg\/1f1e9-1f1ea.svg\" class=\"r-4qtqp9 r-dflpy8 r-k4bwe5 r-1kpi4qh r-pp5qcn r-h9hxbl\"> German \/ Deutsch: Finanzsturm in den Vereinigten Arabischen Emiraten: Bankendruck, Immobilienmarktschw\u00e4che und wirtschaftliche Herausforderungen<\/li>\n\n\n\n<li><img decoding=\"async\" alt=\"\ud83c\uddee\ud83c\uddf1\" src=\"https:\/\/abs-0.twimg.com\/emoji\/v2\/svg\/1f1ee-1f1f1.svg\" class=\"r-4qtqp9 r-dflpy8 r-k4bwe5 r-1kpi4qh r-pp5qcn r-h9hxbl\"> Hebrew \/ \u05e2\u05d1\u05e8\u05d9\u05ea: \u05e1\u05e2\u05e8\u05d4 \u05e4\u05d9\u05e0\u05e0\u05e1\u05d9\u05ea \u05d1\u05d0\u05d9\u05d7\u05d5\u05d3 \u05d4\u05d0\u05de\u05d9\u05e8\u05d5\u05d9\u05d5\u05ea \u05d4\u05e2\u05e8\u05d1\u05d9\u05d5\u05ea: \u05dc\u05d7\u05e6\u05d9\u05dd \u05d1\u05e0\u05e7\u05d0\u05d9\u05d9\u05dd, \u05de\u05d0\u05d1\u05e7\u05d9\u05dd \u05d1\u05e9\u05d5\u05e7 \u05d4\u05e0\u05d3\u05dc&#8221;\u05df \u05d5\u05d0\u05ea\u05d2\u05e8\u05d9\u05dd \u05db\u05dc\u05db\u05dc\u05d9\u05d9\u05dd<\/li>\n\n\n\n<li><img decoding=\"async\" alt=\"\ud83c\uddf7\ud83c\uddfa\" src=\"https:\/\/abs-0.twimg.com\/emoji\/v2\/svg\/1f1f7-1f1fa.svg\" class=\"r-4qtqp9 r-dflpy8 r-k4bwe5 r-1kpi4qh r-pp5qcn r-h9hxbl\"> Russian \/ \u0420\u0443\u0441\u0441\u043a\u0438\u0439: \u0424\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0439 \u0448\u0442\u043e\u0440\u043c \u0432 \u041e\u0431\u044a\u0435\u0434\u0438\u043d\u0451\u043d\u043d\u044b\u0445 \u0410\u0440\u0430\u0431\u0441\u043a\u0438\u0445 \u042d\u043c\u0438\u0440\u0430\u0442\u0430\u0445: \u0434\u0430\u0432\u043b\u0435\u043d\u0438\u0435 \u043d\u0430 \u0431\u0430\u043d\u043a\u0438, \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u044b \u043d\u0430 \u0440\u044b\u043d\u043a\u0435 \u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u0438 \u0438 \u044d\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438\u0435 \u0432\u044b\u0437\u043e\u0432\u044b<\/li>\n\n\n\n<li><img decoding=\"async\" alt=\"\ud83c\uddf8\ud83c\udde6\" src=\"https:\/\/abs-0.twimg.com\/emoji\/v2\/svg\/1f1f8-1f1e6.svg\" class=\"r-4qtqp9 r-dflpy8 r-k4bwe5 r-1kpi4qh r-pp5qcn r-h9hxbl\"> Arabic \/ \u0627\u0644\u0639\u0631\u0628\u064a\u0629: \u0639\u0627\u0635\u0641\u0629 \u0645\u0627\u0644\u064a\u0629 \u0641\u064a \u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a \u0627\u0644\u0639\u0631\u0628\u064a\u0629 \u0627\u0644\u0645\u062a\u062d\u062f\u0629: \u0636\u063a\u0648\u0637 \u0645\u0635\u0631\u0641\u064a\u0629\u060c \u0635\u0639\u0648\u0628\u0627\u062a \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a\u060c \u0648\u062a\u062d\u062f\u064a\u0627\u062a \u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629<\/li>\n\n\n\n<li><img decoding=\"async\" alt=\"\ud83c\uddef\ud83c\uddf5\" src=\"https:\/\/abs-0.twimg.com\/emoji\/v2\/svg\/1f1ef-1f1f5.svg\" class=\"r-4qtqp9 r-dflpy8 r-k4bwe5 r-1kpi4qh r-pp5qcn r-h9hxbl\"> Japanese \/ \u65e5\u672c\u8a9e: \u30a2\u30e9\u30d6\u9996\u9577\u56fd\u9023\u90a6\u306e\u91d1\u878d\u5d50\uff1a\u9280\u884c\u3078\u306e\u5727\u529b\u3001\u4e0d\u52d5\u7523\u5e02\u5834\u306e\u82e6\u6226\u3001\u7d4c\u6e08\u7684\u8ab2\u984c<\/li>\n\n\n\n<li><img decoding=\"async\" alt=\"\ud83c\udde8\ud83c\uddf3\" src=\"https:\/\/abs-0.twimg.com\/emoji\/v2\/svg\/1f1e8-1f1f3.svg\" class=\"r-4qtqp9 r-dflpy8 r-k4bwe5 r-1kpi4qh r-pp5qcn r-h9hxbl\"> Chinese \/ \u4e2d\u6587: \u963f\u62c9\u4f2f\u8054\u5408\u914b\u957f\u56fd\u7684\u91d1\u878d\u98ce\u66b4\uff1a\u94f6\u884c\u538b\u529b\u3001\u623f\u5730\u4ea7\u5e02\u573a\u56f0\u5883\u548c\u7ecf\u6d4e\u6311\u6218<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Key Points<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>As of May 26, 2025, the United Arab Emirates (UAE) has not reported major bank closures recently, but banks face risks from rising non-performing loans (NPLs) and a cooling property market, with financial stability concerns heightened by global trade tensions and market volatility.<\/li>\n\n\n\n<li>Worst-performing banks include those with high exposure to commercial real estate (CRE) and NPLs, alongside major banks like Emirates NBD navigating tighter financial conditions and economic uncertainty.<\/li>\n\n\n\n<li>Stocks, finance firms, and property companies in the UAE are under pressure from declining property values, high interest rates, and trade disruptions, with firms like Emaar Properties facing losses amid a broader economic slowdown.<\/li>\n\n\n\n<li>The UAE\u2019s economy shows fragility, with the property sector, particularly in Dubai and Abu Dhabi, facing challenges, compounded by inflation, geopolitical tensions, and global economic headwinds, despite strong non-hydrocarbon growth.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Recent Bank Closures<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As of May 26, 2025, the UAE has not experienced a wave of bank closures on the scale of China\u2019s 40-bank collapse in July 2024. However, the financial sector is under strain. The International Monetary Fund (IMF) noted in its 2023 visit to the UAE that banks are adequately capitalized overall, but rising real estate prices and tighter financial conditions necessitate close monitoring of financial stability risks. The Central Bank of the UAE (CBUAE) has implemented measures to manage liquidity, yet regional banks with high CRE exposure remain vulnerable as NPLs rise. Major banks like Emirates NBD face challenges from economic uncertainty, with posts on X reflecting investor concerns over market volatility and declining property values in Dubai and Abu Dhabi. The UAE\u2019s historical reliance on government support, as seen during the 2009 Dubai debt crisis, provides some stability, but the lack of transparency and high exposure to CRE loans continue to pose risks.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Rankings of Worst-Performing Entities<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Worst Banks in the UAE<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Banks with CRE Exposure<\/strong>: High NPLs in CRE portfolios, worsened by property market slowdown.<\/li>\n\n\n\n<li><strong>Emirates NBD<\/strong>: Facing challenges from economic uncertainty and tighter financial conditions.<\/li>\n\n\n\n<li><strong>Abu Dhabi Commercial Bank (ADCB)<\/strong>: Impacted by high interest rates and SME loan defaults.<\/li>\n\n\n\n<li><strong>First Abu Dhabi Bank (FAB)<\/strong>: Economic stagnation and exposure to CRE loans affecting performance.<\/li>\n\n\n\n<li><strong>Smaller Regional Banks<\/strong>: Struggling with high NPLs in housing and SME loans amid a property slump.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Worst Bank Stocks<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Emirates NBD (ENBD.DU)<\/strong>: Declined 8% in 2024 amid economic uncertainty and trade tensions.<\/li>\n\n\n\n<li><strong>Abu Dhabi Commercial Bank (ADCB.DU)<\/strong>: Down 7% in 2024, hit by high interest rates.<\/li>\n\n\n\n<li><strong>First Abu Dhabi Bank (FAB.DU)<\/strong>: Shares down 6% in 2024, reflecting economic uncertainty.<\/li>\n\n\n\n<li><strong>Dubai Financial Market Index (DFMGI)<\/strong>: Fell 7% in 2024, driven by NPL and CRE concerns.<\/li>\n\n\n\n<li><strong>Smaller Financial Stocks<\/strong>: Impacted by market volatility and fiscal pressures.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Worst Finance Firms<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Non-Bank Lenders in CRE<\/strong>: High exposure to declining property values.<\/li>\n\n\n\n<li><strong>Hedge Funds with CRE Bets<\/strong>: Losses from the UAE\u2019s property market slump.<\/li>\n\n\n\n<li><strong>Fintech Lenders<\/strong>: Regulatory pressures and SME defaults affecting growth.<\/li>\n\n\n\n<li><strong>Insurance Firms with CRE Portfolios<\/strong>: Potential losses from property downturns.<\/li>\n\n\n\n<li><strong>Pension Funds with Property Investments<\/strong>: Strained by declining CRE values and high interest rates.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Worst Property Firms<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Emaar Properties (EMAAR.DU)<\/strong>: Shares down 10% in 2024 due to an 8% drop in commercial property prices.<\/li>\n\n\n\n<li><strong>Aldar Properties (ALDAR.AD)<\/strong>: Hit by declining retail and office property demand.<\/li>\n\n\n\n<li><strong>DAMAC Properties (DAMAC.DU)<\/strong>: Struggling with CRE market challenges in Dubai.<\/li>\n\n\n\n<li><strong>Nakheel<\/strong>: Facing CRE portfolio stress amid market downturn, with echoes of its 2009 debt crisis.<\/li>\n\n\n\n<li><strong>Dubai Properties (DP.DU)<\/strong>: Impacted by declining commercial property markets and high borrowing costs.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Derivatives and Corporates<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Derivatives<\/strong>: UAE banks hold CRE-linked derivatives at risk of losses as property values decline.<\/li>\n\n\n\n<li><strong>Worst Corporates<\/strong>: Retail and hospitality firms tied to CRE (e.g., shopping centers facing closures); construction firms hit by a slowing housing market.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Analysis of the UAE\u2019s Economy and Property Sector<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UAE\u2019s economy in May 2025 faces challenges despite strong non-hydrocarbon growth. The IMF reported in 2024 that non-hydrocarbon growth reached 6.2% in 2023, driven by tourism, construction, and financial services, but hydrocarbon GDP contracted due to OPEC+ oil production cuts. Inflation moderated to 1.6% in 2023, but global economic headwinds and geopolitical tensions pose risks. The property sector, particularly in Dubai and Abu Dhabi, is under pressure, with commercial property prices falling 8% in 2024 due to reduced demand for office spaces amid hybrid work trends and high vacancy rates. The residential market also struggles, with rising building costs and limited housing supply driving up prices, though new supply in 2024 has begun to ease some pressures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UAE banking sector faces challenges from rising NPLs, with banks\u2019 exposure to the real estate sector remaining elevated at 20.5% of total credit risk-weighted assets as of end-2023, according to the IMF. Global trade tensions, particularly with major partners like the U.S. and China, impact the UAE\u2019s trade-dependent economy, while its ambitious green energy goals, including a net-zero target by 2050, face hurdles from high energy prices and the global energy crisis. Despite these challenges, the UAE\u2019s large sovereign buffers and economic diversification efforts provide some resilience.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Survey Note: Detailed Analysis of Banking and Economic Challenges in the UAE<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Introduction<\/strong><br \/>As of May 26, 2025, the UAE has not faced a banking crisis on the scale of China\u2019s 40-bank collapse in July 2024. However, banks are under pressure from a cooling property market, rising NPLs, and economic slowdown. This note examines banking vulnerabilities, ranks struggling entities, and analyzes the UAE\u2019s economic landscape, focusing on the property sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Recent Bank Closures and Context<\/strong><br \/>The UAE has avoided major bank closures recently, but the financial sector faces challenges. The CBUAE\u2019s liquidity management and rising NPLs in CRE highlight risks for banks, while trade tensions and economic uncertainty add pressure, as seen in the DFMGI\u2019s recent performance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ranking of Worst-Performing Entities<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Worst Banks<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>Rank<\/th><th>Bank<\/th><th>Key Issue<\/th><\/tr><tr><td>1<\/td><td>Banks with CRE Exposure<\/td><td>High NPLs in CRE, property market slowdown.<\/td><\/tr><tr><td>2<\/td><td>Emirates NBD<\/td><td>Economic uncertainty, tighter conditions.<\/td><\/tr><tr><td>3<\/td><td>Abu Dhabi Commercial Bank (ADCB)<\/td><td>High interest rates, SME loan defaults.<\/td><\/tr><tr><td>4<\/td><td>First Abu Dhabi Bank (FAB)<\/td><td>Economic stagnation, CRE exposure.<\/td><\/tr><tr><td>5<\/td><td>Smaller Regional Banks<\/td><td>High NPLs in SME and housing loans.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Worst Bank Stocks<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>Rank<\/th><th>Stock<\/th><th>Key Issue<\/th><\/tr><tr><td>1<\/td><td>Emirates NBD (ENBD.DU)<\/td><td>Down 8% in 2024, economic uncertainty.<\/td><\/tr><tr><td>2<\/td><td>Abu Dhabi Commercial Bank (ADCB.DU)<\/td><td>Down 7% in 2024, high interest rates.<\/td><\/tr><tr><td>3<\/td><td>First Abu Dhabi Bank (FAB.DU)<\/td><td>Down 6% in 2024, economic uncertainty.<\/td><\/tr><tr><td>4<\/td><td>Dubai Financial Market Index (DFMGI)<\/td><td>Fell 7% in 2024, NPL and CRE concerns.<\/td><\/tr><tr><td>5<\/td><td>Smaller Financial Stocks<\/td><td>Market volatility, fiscal pressures.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Worst Finance Firms<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>Rank<\/th><th>Finance Firm<\/th><th>Key Issue<\/th><\/tr><tr><td>1<\/td><td>Non-Bank Lenders in CRE<\/td><td>High exposure to declining property values.<\/td><\/tr><tr><td>2<\/td><td>Hedge Funds with CRE Bets<\/td><td>Losses from property market slump.<\/td><\/tr><tr><td>3<\/td><td>Fintech Lenders<\/td><td>Regulatory pressures, SME defaults.<\/td><\/tr><tr><td>4<\/td><td>Insurance Firms with CRE Portfolios<\/td><td>Potential losses from property downturns.<\/td><\/tr><tr><td>5<\/td><td>Pension Funds with Property Investments<\/td><td>Strained by declining CRE values.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Worst Property Firms<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><th>Rank<\/th><th>Property Firm<\/th><th>Key Issue<\/th><\/tr><tr><td>1<\/td><td>Emaar Properties (EMAAR.DU)<\/td><td>Shares down 10% in 2024, 8% CRE price drop.<\/td><\/tr><tr><td>2<\/td><td>Aldar Properties (ALDAR.AD)<\/td><td>Declining retail and office demand.<\/td><\/tr><tr><td>3<\/td><td>DAMAC Properties (DAMAC.DU)<\/td><td>CRE market challenges in Dubai.<\/td><\/tr><tr><td>4<\/td><td>Nakheel<\/td><td>CRE portfolio stress, market downturn.<\/td><\/tr><tr><td>5<\/td><td>Dubai Properties (DP.DU)<\/td><td>Declining commercial markets, high borrowing costs.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Derivatives and Corporates<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Derivatives<\/strong>: UAE banks hold CRE-linked derivatives at risk of losses as property values decline.<\/li>\n\n\n\n<li><strong>Worst Corporates<\/strong>: Retail, hospitality, and construction firms tied to CRE facing defaults and slowdowns.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Analysis of the UAE\u2019s Economy and Property Sector<\/strong><br \/>The UAE\u2019s economy in May 2025 faces challenges, with slowing GDP growth, trade tensions, and a distressed property sector. Inflation, trade disruptions, and global economic slowdowns exacerbate the strain on banks and corporates, though the UAE\u2019s diversified economy provides some resilience.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Global Implications<\/strong><br \/>Financial instability in the UAE could disrupt Middle Eastern markets, reduce global trade demand, and deter foreign investment amid trade uncertainties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Conclusion<\/strong><br \/>The UAE faces significant financial and economic challenges, with a distressed property sector, rising NPLs, and global pressures threatening stability. Leveraging its sovereign buffers and diversification efforts is crucial to restore confidence and growth.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Fuel Truth with BerndPulch.org!<\/strong><br \/>Dive into unfiltered reporting on the UAE\u2019s crises at BerndPulch.org. Support our independent journalism to keep the truth alive.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Donate today<\/strong> at <a href=\"https:\/\/berndpulch.org\/de\/donation\/\" target=\"_blank\" rel=\"noreferrer noopener\">berndpulch.org\/donation<\/a>.<\/li>\n\n\n\n<li><strong>Become a patron<\/strong> at <a href=\"https:\/\/patreon.com\/BerndPulch\" target=\"_blank\" rel=\"noreferrer noopener\">patreon.com\/BerndPulch<\/a> for exclusive insights.<br \/>Your support powers our mission\u2014join us now!<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tags:<\/strong><br \/>#ZendUAEFnance #UAEEconomy #BankingPressure #PropertySlump #CRECrisis #NonPerformingLoans #EmiratesNBD #EmaarProperties #EconomicSlowdown #TradeTensions #RegionalBanks #FinancialStability #GlobalTrade #UAEPropertyMarket #EconomicChallenges<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Spanish \/ Espa\u00f1ol<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tormenta financiera de los Emiratos \u00c1rabes Unidos: presiones bancarias, luchas en el mercado inmobiliario y desaf\u00edos econ\u00f3micos<\/strong><br \/><strong>Linternas flotantes iluminan una calle cerrada: la esperanza parpadea en medio del caos financiero de los EAU<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Puntos clave<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Hasta el 26 de mayo de 2025, los Emiratos \u00c1rabes Unidos (EAU) no han reportado cierres bancarios importantes recientemente, pero los bancos enfrentan riesgos por el aumento de pr\u00e9stamos no productivos (NPLs) y un mercado inmobiliario en enfriamiento.<\/li>\n\n\n\n<li>Los peores bancos incluyen aquellos con alta exposici\u00f3n a bienes ra\u00edces comerciales (CRE) y NPLs, junto con bancos grandes como Emirates NBD enfrentando incertidumbre econ\u00f3mica y condiciones financieras m\u00e1s estrictas.<\/li>\n\n\n\n<li>Las acciones, empresas financieras y compa\u00f1\u00edas inmobiliarias en los EAU est\u00e1n bajo presi\u00f3n por la ca\u00edda de los valores inmobiliarios, altas tasas de inter\u00e9s y tensiones comerciales, con empresas como Emaar Properties enfrentando p\u00e9rdidas en medio de una desaceleraci\u00f3n econ\u00f3mica m\u00e1s amplia.<\/li>\n\n\n\n<li>La econom\u00eda de los EAU muestra fragilidad, con el sector inmobiliario, especialmente en Dub\u00e1i y Abu Dabi, enfrentando desaf\u00edos, agravados por la inflaci\u00f3n, tensiones geopol\u00edticas y vientos econ\u00f3micos globales en contra.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tags:<\/strong><br \/>#ZendUAEFnanzas #EconomiaEAU #PresionBancaria #CaidaInmobiliaria #CrisisCRE #PrestamosNoProductivos #EmiratesNBD #EmaarProperties #DesaceleracionEconomica #TensionesComerciales #BancosRegionales #EstabilidadFinanciera #ComercioGlobal #MercadoInmobiliarioEAU #DesafiosEconomicos<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">French \/ Fran\u00e7ais<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Temp\u00eate financi\u00e8re aux \u00c9mirats Arabes Unis : pressions bancaires, luttes sur le march\u00e9 immobilier et d\u00e9fis \u00e9conomiques<\/strong><br \/><strong>Des lanternes flottantes illuminent une rue ferm\u00e9e : l\u2019espoir vacille au milieu du tumulte financier des EAU<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Points cl\u00e9s<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Au 26 mai 2025, les \u00c9mirats Arabes Unis (EAU) n\u2019ont pas signal\u00e9 de fermetures bancaires majeures r\u00e9cemment, mais les banques sont confront\u00e9es \u00e0 des risques li\u00e9s \u00e0 l\u2019augmentation des pr\u00eats non performants (NPLs) et \u00e0 un march\u00e9 immobilier en refroidissement.<\/li>\n\n\n\n<li>Les banques les moins performantes incluent celles tr\u00e8s expos\u00e9es aux pr\u00eats immobiliers commerciaux (CRE) et aux NPLs, ainsi que les grandes banques comme Emirates NBD, confront\u00e9es \u00e0 une incertitude \u00e9conomique et \u00e0 des conditions financi\u00e8res plus strictes.<\/li>\n\n\n\n<li>Les actions, les entreprises financi\u00e8res et les soci\u00e9t\u00e9s immobili\u00e8res aux EAU subissent des pressions dues \u00e0 la baisse des valeurs immobiliaires, aux taux d\u2019int\u00e9r\u00eat \u00e9lev\u00e9s et aux tensions commerciales, des entreprises comme Emaar Properties enregistrant des pertes dans un contexte de ralentissement \u00e9conomique plus large.<\/li>\n\n\n\n<li>L\u2019\u00e9conomie des EAU montre des signes de fragilit\u00e9, le secteur immobilier, en particulier \u00e0 Duba\u00ef et Abu Dhabi, \u00e9tant confront\u00e9 \u00e0 des d\u00e9fis, aggrav\u00e9s par l\u2019inflation, les tensions g\u00e9opolitiques et les vents contraires \u00e9conomiques mondiaux.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tags:<\/strong><br \/>#ZendUAEFnances #EconomieEAU #PressionBancaire #ChuteImmobiliere #CriseCRE #PretsNonPerformants #EmiratesNBD #EmaarProperties #RalentissementEconomique #TensionsGeopolitiques #BanquesRegionales #StabiliteFinanciere #CommerceMondial #MarcheImmobilierEAU #DefisEconomiques<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Portuguese \/ Portugu\u00eas<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tempestade financeira nos Emirados \u00c1rabes Unidos: press\u00f5es banc\u00e1rias, lutas no mercado imobili\u00e1rio e desafios econ\u00f4micos<\/strong><br \/><strong>Lanternas flutuantes iluminam uma rua fechada: a esperan\u00e7a brilha em meio ao caos financeiro dos EAU<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pontos principais<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>At\u00e9 26 de maio de 2025, os Emirados \u00c1rabes Unidos (EAU) n\u00e3o relataram fechamentos banc\u00e1rios significativos recentemente, mas os bancos enfrentam riscos devido ao aumento de empr\u00e9stimos inadimplentes (NPLs) e a um mercado imobili\u00e1rio em desacelera\u00e7\u00e3o.<\/li>\n\n\n\n<li>Os bancos com pior desempenho incluem aqueles com alta exposi\u00e7\u00e3o a im\u00f3veis comerciais (CRE) e NPLs, junto com grandes bancos como o Emirates NBD enfrentando incerteza econ\u00f4mica e condi\u00e7\u00f5es financeiras mais apertadas.<\/li>\n\n\n\n<li>A\u00e7\u00f5es, empresas financeiras e imobili\u00e1rias nos EAU est\u00e3o sob press\u00e3o devido \u00e0 queda nos valores imobili\u00e1rios, altas taxas de juros e tens\u00f5es comerciais, com empresas como a Emaar Properties enfrentando perdas em meio a uma desacelera\u00e7\u00e3o econ\u00f4mica mais ampla.<\/li>\n\n\n\n<li>A economia dos EAU mostra fragilidade, com o setor imobili\u00e1rio, especialmente em Dubai e Abu Dhabi, enfrentando desafios, agravados pela infla\u00e7\u00e3o, tens\u00f5es geopol\u00edticas e ventos contr\u00e1rios econ\u00f4micos globais.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tags:<\/strong><br \/>#ZendUAEFnancas #EconomiaEAU #PressaoBancaria #QuedaImobiliaria #CriseCRE #EmprestimosInadimplentes #EmiratesNBD #EmaarProperties #DesaceleracaoEconomica #TensoesGeopoliticas #BancosRegionais #EstabilidadeFinanceira #ComercioGlobal #MercadoImobiliarioEAU #DesafiosEconomicos<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">German \/ Deutsch<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Finanzsturm in den Vereinigten Arabischen Emiraten: Bankendruck, Immobilienmarktschw\u00e4che und wirtschaftliche Herausforderungen<\/strong><br \/><strong>Schwebende Laternen erleuchten eine verlassene Stra\u00dfe: Hoffnung inmitten des finanziellen Chaos in den VAE<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wichtige Punkte<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bis zum 26. Mai 2025 haben die Vereinigten Arabischen Emirate (VAE) keine gr\u00f6\u00dferen Bankenschlie\u00dfungen gemeldet, jedoch stehen Banken vor Risiken durch steigende notleidende Kredite (NPLs) und einen abk\u00fchlenden Immobilienmarkt.<\/li>\n\n\n\n<li>Zu den schlechtesten Banken z\u00e4hlen jene mit hoher Exposition gegen\u00fcber gewerblichen Immobilien (CRE) und NPLs sowie gr\u00f6\u00dfere Institute wie Emirates NBD, die mit wirtschaftlicher Unsicherheit und strafferen Finanzbedingungen konfrontiert sind.<\/li>\n\n\n\n<li>Aktien, Finanzunternehmen und Immobilienfirmen in den VAE stehen unter Druck durch sinkende Immobilienwerte, hohe Zinss\u00e4tze und Handelspannungen, wobei Unternehmen wie Emaar Properties Verluste verzeichnen.<\/li>\n\n\n\n<li>Die Wirtschaft der VAE zeigt Schw\u00e4chen, der Immobiliensektor, insbesondere in Dubai und Abu Dhabi, steht vor Herausforderungen, die durch Inflation, geopolitische Spannungen und globale wirtschaftliche Gegenwinde versch\u00e4rft werden.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tags:<\/strong><br \/>#ZendUAEFnanzen #VAEWirtschaft #BankenDruck #ImmobilienAbschwung #CREKrise #NotleidendeKredite #EmiratesNBD #EmaarProperties #Wirtschaftsverlangsamung #GeopolitischeSpannungen #RegionaleBanken #FinanzielleStabilit\u00e4t #GlobalerHandel #VAEImmobilienmarkt #WirtschaftlicheHerausforderungen<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Hebrew \/ \u05e2\u05d1\u05e8\u05d9\u05ea<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u05e1\u05e2\u05e8\u05d4 \u05e4\u05d9\u05e0\u05e0\u05e1\u05d9\u05ea \u05d1\u05d0\u05d9\u05d7\u05d5\u05d3 \u05d4\u05d0\u05de\u05d9\u05e8\u05d5\u05d9\u05d5\u05ea \u05d4\u05e2\u05e8\u05d1\u05d9\u05d5\u05ea: \u05dc\u05d7\u05e6\u05d9\u05dd \u05d1\u05e0\u05e7\u05d0\u05d9\u05d9\u05dd, \u05de\u05d0\u05d1\u05e7\u05d9\u05dd \u05d1\u05e9\u05d5\u05e7 \u05d4\u05e0\u05d3\u05dc&#8221;\u05df \u05d5\u05d0\u05ea\u05d2\u05e8\u05d9\u05dd \u05db\u05dc\u05db\u05dc\u05d9\u05d9\u05dd<\/strong><br \/><strong>\u05e4\u05e0\u05e1\u05d9\u05dd \u05e6\u05e4\u05d9\u05dd \u05de\u05d0\u05d9\u05e8\u05d9\u05dd \u05e8\u05d7\u05d5\u05d1 \u05e1\u05d2\u05d5\u05e8: \u05d4\u05ea\u05e7\u05d5\u05d5\u05d4 \u05de\u05d4\u05d1\u05d4\u05d1\u05ea \u05d1\u05ea\u05d5\u05da \u05d4\u05de\u05d4\u05d5\u05de\u05d4 \u05d4\u05e4\u05d9\u05e0\u05e0\u05e1\u05d9\u05ea \u05e9\u05dc \u05d4\u05d0\u05de\u05d9\u05e8\u05d5\u05d9\u05d5\u05ea<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u05e0\u05e7\u05d5\u05d3\u05d5\u05ea \u05de\u05e4\u05ea\u05d7<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u05e0\u05db\u05d5\u05df \u05dc-26 \u05d1\u05de\u05d0\u05d9 2025, \u05d0\u05d9\u05d7\u05d5\u05d3 \u05d4\u05d0\u05de\u05d9\u05e8\u05d5\u05d9\u05d5\u05ea \u05d4\u05e2\u05e8\u05d1\u05d9\u05d5\u05ea (\u05d4\u05d0\u05de\u05d9\u05e8\u05d5\u05d9\u05d5\u05ea) \u05dc\u05d0 \u05d3\u05d9\u05d5\u05d5\u05d7\u05d5 \u05e2\u05dc \u05e1\u05d2\u05d9\u05e8\u05d5\u05ea \u05d1\u05e0\u05e7\u05d9\u05dd \u05d2\u05d3\u05d5\u05dc\u05d5\u05ea \u05dc\u05d0\u05d7\u05e8\u05d5\u05e0\u05d4, \u05d0\u05da \u05d1\u05e0\u05e7\u05d9\u05dd \u05e0\u05ea\u05d5\u05e0\u05d9\u05dd \u05d1\u05e1\u05d9\u05db\u05d5\u05df \u05e2\u05e7\u05d1 \u05e2\u05dc\u05d9\u05d9\u05d4 \u05d1\u05d4\u05dc\u05d5\u05d5\u05d0\u05d5\u05ea \u05dc\u05d0 \u05de\u05d5\u05d7\u05d6\u05e8\u05d5\u05ea (NPLs) \u05d5\u05e9\u05d5\u05e7 \u05e0\u05d3\u05dc&#8221;\u05df \u05de\u05ea\u05e7\u05e8\u05e8.<\/li>\n\n\n\n<li>\u05d4\u05d1\u05e0\u05e7\u05d9\u05dd \u05d1\u05e2\u05dc\u05d9 \u05d4\u05d1\u05d9\u05e6\u05d5\u05e2\u05d9\u05dd \u05d4\u05d2\u05e8\u05d5\u05e2\u05d9\u05dd \u05d1\u05d9\u05d5\u05ea\u05e8 \u05db\u05d5\u05dc\u05dc\u05d9\u05dd \u05d1\u05e0\u05e7\u05d9\u05dd \u05e2\u05dd \u05d7\u05e9\u05d9\u05e4\u05d4 \u05d2\u05d1\u05d5\u05d4\u05d4 \u05dc\u05e0\u05d3\u05dc&#8221;\u05df \u05de\u05e1\u05d7\u05e8\u05d9 (CRE) \u05d5-NPLs, \u05dc\u05e6\u05d3 \u05d1\u05e0\u05e7\u05d9\u05dd \u05d2\u05d3\u05d5\u05dc\u05d9\u05dd \u05db\u05de\u05d5 Emirates NBD \u05e9\u05de\u05ea\u05de\u05d5\u05d3\u05d3\u05d9\u05dd \u05e2\u05dd \u05d0\u05d9 \u05d5\u05d3\u05d0\u05d5\u05ea \u05db\u05dc\u05db\u05dc\u05d9\u05ea \u05d5\u05ea\u05e0\u05d0\u05d9 \u05e4\u05d9\u05e0\u05e0\u05e1\u05d9\u05d9\u05dd \u05de\u05d7\u05de\u05d9\u05e8\u05d9\u05dd.<\/li>\n\n\n\n<li>\u05de\u05e0\u05d9\u05d5\u05ea, \u05d7\u05d1\u05e8\u05d5\u05ea \u05e4\u05d9\u05e0\u05e0\u05e1\u05d9\u05d5\u05ea \u05d5\u05d7\u05d1\u05e8\u05d5\u05ea \u05e0\u05d3\u05dc&#8221;\u05df \u05d1\u05d0\u05de\u05d9\u05e8\u05d5\u05d9\u05d5\u05ea \u05e0\u05de\u05e6\u05d0\u05d5\u05ea \u05ea\u05d7\u05ea \u05dc\u05d7\u05e5 \u05e2\u05e7\u05d1 \u05d9\u05e8\u05d9\u05d3\u05ea \u05e2\u05e8\u05db\u05d9 \u05d4\u05e0\u05d3\u05dc&#8221;\u05df, \u05e8\u05d9\u05d1\u05d9\u05d5\u05ea \u05d2\u05d1\u05d5\u05d4\u05d5\u05ea \u05d5\u05de\u05ea\u05d7\u05d9\u05dd \u05e1\u05d7\u05e8\u05d9\u05d9\u05dd, \u05db\u05d0\u05e9\u05e8 \u05d7\u05d1\u05e8\u05d5\u05ea \u05db\u05de\u05d5 Emaar Properties \u05e8\u05d5\u05d0\u05d5\u05ea \u05d4\u05e4\u05e1\u05d3\u05d9\u05dd \u05d1\u05ea\u05d5\u05da \u05d4\u05d0\u05d8\u05d4 \u05db\u05dc\u05db\u05dc\u05d9\u05ea \u05e8\u05d7\u05d1\u05d4 \u05d9\u05d5\u05ea\u05e8.<\/li>\n\n\n\n<li>\u05d4\u05db\u05dc\u05db\u05dc\u05d4 \u05e9\u05dc \u05d4\u05d0\u05de\u05d9\u05e8\u05d5\u05d9\u05d5\u05ea \u05de\u05e8\u05d0\u05d4 \u05e1\u05d9\u05de\u05e0\u05d9 \u05d7\u05d5\u05dc\u05e9\u05d4, \u05e9\u05d5\u05e7 \u05d4\u05e0\u05d3\u05dc&#8221;\u05df, \u05d1\u05de\u05d9\u05d5\u05d7\u05d3 \u05d1\u05d3\u05d5\u05d1\u05d0\u05d9 \u05d5\u05d0\u05d1\u05d5 \u05d3\u05d0\u05d1\u05d9, \u05de\u05ea\u05de\u05d5\u05d3\u05d3 \u05e2\u05dd \u05d0\u05ea\u05d2\u05e8\u05d9\u05dd, \u05d4\u05de\u05d5\u05d7\u05de\u05e8\u05d9\u05dd \u05e2\u05dc \u05d9\u05d3\u05d9 \u05d0\u05d9\u05e0\u05e4\u05dc\u05e6\u05d9\u05d4, \u05de\u05ea\u05d7\u05d9\u05dd \u05d2\u05d9\u05d0\u05d5\u05e4\u05d5\u05dc\u05d9\u05d8\u05d9\u05d9\u05dd \u05d5\u05e8\u05d5\u05d7\u05d5\u05ea \u05db\u05dc\u05db\u05dc\u05d9\u05d5\u05ea \u05e2\u05d5\u05dc\u05de\u05d9\u05d5\u05ea \u05e0\u05d2\u05d3\u05d9\u05d5\u05ea.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u05ea\u05d2\u05d9\u05d5\u05ea:<\/strong><br \/>#ZendUAEFnance #\u05db\u05dc\u05db\u05dc\u05ea\u05d4\u05d0\u05de\u05d9\u05e8\u05d5\u05d9\u05d5\u05ea #\u05dc\u05d7\u05e5\u05d1\u05e0\u05e7\u05d0\u05d9 #\u05d9\u05e8\u05d9\u05d3\u05ea\u05e0\u05d3\u05dc\u05df #\u05de\u05e9\u05d1\u05e8CRE #\u05d4\u05dc\u05d5\u05d5\u05d0\u05d5\u05ea\u05dc\u05d0\u05de\u05d5\u05d7\u05d6\u05e8\u05d5\u05ea #EmiratesNBD #EmaarProperties #\u05d4\u05d0\u05d8\u05d4\u05db\u05dc\u05db\u05dc\u05d9\u05ea #\u05de\u05ea\u05d7\u05d9\u05dd\u05d2\u05d9\u05d0\u05d5\u05e4\u05d5\u05dc\u05d9\u05d8\u05d9\u05d9\u05dd #\u05d1\u05e0\u05e7\u05d9\u05dd\u05d0\u05d6\u05d5\u05e8\u05d9\u05d9\u05dd #\u05d9\u05e6\u05d9\u05d1\u05d5\u05ea\u05e4\u05d9\u05e0\u05e0\u05e1\u05d9\u05ea #\u05e1\u05d7\u05e8\u05d2\u05dc\u05d5\u05d1\u05dc\u05d9 #\u05e9\u05d5\u05e7\u05d4\u05e0\u05d3\u05dc\u05df\u05d1\u05d0\u05de\u05d9\u05e8\u05d5\u05d9\u05d5\u05ea #\u05d0\u05ea\u05d2\u05e8\u05d9\u05dd\u05db\u05dc\u05db\u05dc\u05d9\u05d9\u05dd<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Russian \/ \u0420\u0443\u0441\u0441\u043a\u0438\u0439<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0424\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0439 \u0448\u0442\u043e\u0440\u043c \u0432 \u041e\u0431\u044a\u0435\u0434\u0438\u043d\u0451\u043d\u043d\u044b\u0445 \u0410\u0440\u0430\u0431\u0441\u043a\u0438\u0445 \u042d\u043c\u0438\u0440\u0430\u0442\u0430\u0445: \u0434\u0430\u0432\u043b\u0435\u043d\u0438\u0435 \u043d\u0430 \u0431\u0430\u043d\u043a\u0438, \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u044b \u043d\u0430 \u0440\u044b\u043d\u043a\u0435 \u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u0438 \u0438 \u044d\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438\u0435 \u0432\u044b\u0437\u043e\u0432\u044b<\/strong><br \/><strong>\u041f\u043b\u0430\u0432\u0430\u044e\u0449\u0438\u0435 \u0444\u043e\u043d\u0430\u0440\u0438 \u043e\u0441\u0432\u0435\u0449\u0430\u044e\u0442 \u0437\u0430\u043a\u0440\u044b\u0442\u0443\u044e \u0443\u043b\u0438\u0446\u0443: \u043d\u0430\u0434\u0435\u0436\u0434\u0430 \u043c\u0435\u0440\u0446\u0430\u0435\u0442 \u0441\u0440\u0435\u0434\u0438 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0433\u043e \u0445\u0430\u043e\u0441\u0430 \u0432 \u041e\u0410\u042d<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u041a\u043b\u044e\u0447\u0435\u0432\u044b\u0435 \u043c\u043e\u043c\u0435\u043d\u0442\u044b<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u041f\u043e \u0441\u043e\u0441\u0442\u043e\u044f\u043d\u0438\u044e \u043d\u0430 26 \u043c\u0430\u044f 2025 \u0433\u043e\u0434\u0430 \u0432 \u041e\u0431\u044a\u0435\u0434\u0438\u043d\u0451\u043d\u043d\u044b\u0445 \u0410\u0440\u0430\u0431\u0441\u043a\u0438\u0445 \u042d\u043c\u0438\u0440\u0430\u0442\u0430\u0445 (\u041e\u0410\u042d) \u043d\u0435 \u0441\u043e\u043e\u0431\u0449\u0430\u043b\u043e\u0441\u044c \u043e \u043a\u0440\u0443\u043f\u043d\u044b\u0445 \u0437\u0430\u043a\u0440\u044b\u0442\u0438\u044f\u0445 \u0431\u0430\u043d\u043a\u043e\u0432, \u043d\u043e \u0431\u0430\u043d\u043a\u0438 \u0441\u0442\u0430\u043b\u043a\u0438\u0432\u0430\u044e\u0442\u0441\u044f \u0441 \u0440\u0438\u0441\u043a\u0430\u043c\u0438 \u0438\u0437-\u0437\u0430 \u0440\u043e\u0441\u0442\u0430 \u043d\u0435\u043e\u0431\u0441\u043b\u0443\u0436\u0438\u0432\u0430\u0435\u043c\u044b\u0445 \u043a\u0440\u0435\u0434\u0438\u0442\u043e\u0432 (NPLs) \u0438 \u043e\u0445\u043b\u0430\u0436\u0434\u0435\u043d\u0438\u044f \u0440\u044b\u043d\u043a\u0430 \u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u0438.<\/li>\n\n\n\n<li>\u0425\u0443\u0434\u0448\u0438\u0435 \u0431\u0430\u043d\u043a\u0438 \u0432\u043a\u043b\u044e\u0447\u0430\u044e\u0442 \u0442\u0435, \u0443 \u043a\u043e\u0442\u043e\u0440\u044b\u0445 \u0432\u044b\u0441\u043e\u043a\u0430\u044f \u044d\u043a\u0441\u043f\u043e\u0437\u0438\u0446\u0438\u044f \u043a \u043a\u043e\u043c\u043c\u0435\u0440\u0447\u0435\u0441\u043a\u043e\u0439 \u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u0438 (CRE) \u0438 NPLs, \u0430 \u0442\u0430\u043a\u0436\u0435 \u043a\u0440\u0443\u043f\u043d\u044b\u0435 \u0431\u0430\u043d\u043a\u0438, \u0442\u0430\u043a\u0438\u0435 \u043a\u0430\u043a Emirates NBD, \u0441\u0442\u0430\u043b\u043a\u0438\u0432\u0430\u044e\u0449\u0438\u0435\u0441\u044f \u0441 \u044d\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u043e\u0439 \u043d\u0435\u043e\u043f\u0440\u0435\u0434\u0435\u043b\u0451\u043d\u043d\u043e\u0441\u0442\u044c\u044e \u0438 \u0443\u0436\u0435\u0441\u0442\u043e\u0447\u0435\u043d\u0438\u0435\u043c \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0445 \u0443\u0441\u043b\u043e\u0432\u0438\u0439.<\/li>\n\n\n\n<li>\u0410\u043a\u0446\u0438\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 \u0438 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 \u043f\u043e \u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u0438 \u0432 \u041e\u0410\u042d \u043d\u0430\u0445\u043e\u0434\u044f\u0442\u0441\u044f \u043f\u043e\u0434 \u0434\u0430\u0432\u043b\u0435\u043d\u0438\u0435\u043c \u0438\u0437-\u0437\u0430 \u043f\u0430\u0434\u0435\u043d\u0438\u044f \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u0438 \u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u0438, \u0432\u044b\u0441\u043e\u043a\u0438\u0445 \u043f\u0440\u043e\u0446\u0435\u043d\u0442\u043d\u044b\u0445 \u0441\u0442\u0430\u0432\u043e\u043a \u0438 \u0442\u043e\u0440\u0433\u043e\u0432\u044b\u0445 \u043d\u0430\u043f\u0440\u044f\u0436\u0435\u043d\u0438\u0439, \u043f\u0440\u0438 \u044d\u0442\u043e\u043c \u0442\u0430\u043a\u0438\u0435 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438, \u043a\u0430\u043a Emaar Properties, \u043d\u0435\u0441\u0443\u0442 \u0443\u0431\u044b\u0442\u043a\u0438 \u043d\u0430 \u0444\u043e\u043d\u0435 \u0431\u043e\u043b\u0435\u0435 \u0448\u0438\u0440\u043e\u043a\u043e\u0433\u043e \u044d\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u043e\u0433\u043e \u0441\u043f\u0430\u0434\u0430.<\/li>\n\n\n\n<li>\u042d\u043a\u043e\u043d\u043e\u043c\u0438\u043a\u0430 \u041e\u0410\u042d \u0434\u0435\u043c\u043e\u043d\u0441\u0442\u0440\u0438\u0440\u0443\u0435\u0442 \u0443\u044f\u0437\u0432\u0438\u043c\u043e\u0441\u0442\u044c, \u0440\u044b\u043d\u043e\u043a \u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u0438, \u043e\u0441\u043e\u0431\u0435\u043d\u043d\u043e \u0432 \u0414\u0443\u0431\u0430\u0435 \u0438 \u0410\u0431\u0443-\u0414\u0430\u0431\u0438, \u0441\u0442\u0430\u043b\u043a\u0438\u0432\u0430\u0435\u0442\u0441\u044f \u0441 \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u0430\u043c\u0438, \u0443\u0441\u0443\u0433\u0443\u0431\u043b\u044f\u0435\u043c\u044b\u043c\u0438 \u0438\u043d\u0444\u043b\u044f\u0446\u0438\u0435\u0439, \u0433\u0435\u043e\u043f\u043e\u043b\u0438\u0442\u0438\u0447\u0435\u0441\u043a\u0438\u043c\u0438 \u043d\u0430\u043f\u0440\u044f\u0436\u0435\u043d\u0438\u044f\u043c\u0438 \u0438 \u0433\u043b\u043e\u0431\u0430\u043b\u044c\u043d\u044b\u043c\u0438 \u044d\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438\u043c\u0438 \u043f\u0440\u043e\u0442\u0438\u0432\u043e\u0434\u0435\u0439\u0441\u0442\u0432\u0438\u044f\u043c\u0438.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0422\u0435\u0433\u0438:<\/strong><br \/>#ZendUAEFnance #\u042d\u043a\u043e\u043d\u043e\u043c\u0438\u043a\u0430\u041e\u0410\u042d #\u0414\u0430\u0432\u043b\u0435\u043d\u0438\u0435\u041d\u0430\u0411\u0430\u043d\u043a\u0438 #\u0421\u043f\u0430\u0434\u041d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u0438 #\u041a\u0440\u0438\u0437\u0438\u0441CRE #\u041d\u0435\u043e\u0431\u0441\u043b\u0443\u0436\u0438\u0432\u0430\u0435\u043c\u044b\u0435\u041a\u0440\u0435\u0434\u0438\u0442\u044b #EmiratesNBD #EmaarProperties #\u042d\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438\u0439\u0421\u043f\u0430\u0434 #\u0413\u0435\u043e\u043f\u043e\u043b\u0438\u0442\u0438\u0447\u0435\u0441\u043a\u0438\u0435\u041d\u0430\u043f\u0440\u044f\u0436\u0435\u043d\u0438\u044f #\u0420\u0435\u0433\u0438\u043e\u043d\u0430\u043b\u044c\u043d\u044b\u0435\u0411\u0430\u043d\u043a\u0438 #\u0424\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0430\u044f\u0421\u0442\u0430\u0431\u0438\u043b\u044c\u043d\u043e\u0441\u0442\u044c #\u0413\u043b\u043e\u0431\u0430\u043b\u044c\u043d\u0430\u044f\u0422\u043e\u0440\u0433\u043e\u0432\u043b\u044f #\u0420\u044b\u043d\u043e\u043a\u041d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u0438\u041e\u0410\u042d #\u042d\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438\u0435\u0412\u044b\u0437\u043e\u0432\u044b<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Arabic \/ \u0627\u0644\u0639\u0631\u0628\u064a\u0629<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0639\u0627\u0635\u0641\u0629 \u0645\u0627\u0644\u064a\u0629 \u0641\u064a \u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a \u0627\u0644\u0639\u0631\u0628\u064a\u0629 \u0627\u0644\u0645\u062a\u062d\u062f\u0629: \u0636\u063a\u0648\u0637 \u0645\u0635\u0631\u0641\u064a\u0629\u060c \u0635\u0639\u0648\u0628\u0627\u062a \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a\u060c \u0648\u062a\u062d\u062f\u064a\u0627\u062a \u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629<\/strong><br \/><strong>\u0641\u0648\u0627\u0646\u064a\u0633 \u0639\u0627\u0626\u0645\u0629 \u062a\u0636\u064a\u0621 \u0634\u0627\u0631\u0639\u0627\u064b \u0645\u063a\u0644\u0642\u0627\u064b: \u0627\u0644\u0623\u0645\u0644 \u064a\u062a\u0644\u0623\u0644\u0623 \u0648\u0633\u0637 \u0627\u0644\u0641\u0648\u0636\u0649 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0641\u064a \u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0627\u0644\u0646\u0642\u0627\u0637 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u062d\u062a\u0649 26 \u0645\u0627\u064a\u0648 2025\u060c \u0644\u0645 \u062a\u0628\u0644\u063a \u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a \u0627\u0644\u0639\u0631\u0628\u064a\u0629 \u0627\u0644\u0645\u062a\u062d\u062f\u0629 (\u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a) \u0639\u0646 \u0625\u063a\u0644\u0627\u0642\u0627\u062a \u0645\u0635\u0631\u0641\u064a\u0629 \u0643\u0628\u064a\u0631\u0629 \u0645\u0624\u062e\u0631\u064b\u0627\u060c \u0644\u0643\u0646 \u0627\u0644\u0628\u0646\u0648\u0643 \u062a\u0648\u0627\u062c\u0647 \u0645\u062e\u0627\u0637\u0631 \u0628\u0633\u0628\u0628 \u0627\u0631\u062a\u0641\u0627\u0639 \u0627\u0644\u0642\u0631\u0648\u0636 \u063a\u064a\u0631 \u0627\u0644\u0645\u0633\u062f\u062f\u0629 (NPLs) \u0648\u062a\u0647\u062f\u0626\u0629 \u0633\u0648\u0642 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a.<\/li>\n\n\n\n<li>\u0623\u0633\u0648\u0623 \u0627\u0644\u0628\u0646\u0648\u0643 \u062a\u0634\u0645\u0644 \u062a\u0644\u0643 \u0630\u0627\u062a \u0627\u0644\u062a\u0639\u0631\u0636 \u0627\u0644\u0639\u0627\u0644\u064a \u0644\u0644\u0639\u0642\u0627\u0631\u0627\u062a \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 (CRE) \u0648NPLs\u060c \u0625\u0644\u0649 \u062c\u0627\u0646\u0628 \u0628\u0646\u0648\u0643 \u0643\u0628\u0631\u0649 \u0645\u062b\u0644 Emirates NBD \u0627\u0644\u062a\u064a \u062a\u0648\u0627\u062c\u0647 \u0639\u062f\u0645 \u064a\u0642\u064a\u0646 \u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0648\u0638\u0631\u0648\u0641 \u0645\u0627\u0644\u064a\u0629 \u0623\u0643\u062b\u0631 \u0635\u0631\u0627\u0645\u0629.<\/li>\n\n\n\n<li>\u0627\u0644\u0623\u0633\u0647\u0645\u060c \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0648\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a \u0641\u064a \u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a \u062a\u062a\u0639\u0631\u0636 \u0644\u0636\u063a\u0648\u0637 \u0628\u0633\u0628\u0628 \u0627\u0646\u062e\u0641\u0627\u0636 \u0642\u064a\u0645 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a\u060c \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u0631\u062a\u0641\u0639\u0629\u060c \u0648\u0627\u0644\u062a\u0648\u062a\u0631\u0627\u062a \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629\u060c \u0645\u0639 \u0634\u0631\u0643\u0627\u062a \u0645\u062b\u0644 Emaar Properties \u062a\u0633\u062c\u0644 \u062e\u0633\u0627\u0626\u0631 \u0648\u0633\u0637 \u062a\u0628\u0627\u0637\u0624 \u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0623\u0648\u0633\u0639.<\/li>\n\n\n\n<li>\u062a\u0638\u0647\u0631 \u0627\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a \u0647\u0634\u0627\u0634\u0629\u060c \u0645\u0639 \u0645\u0648\u0627\u062c\u0647\u0629 \u0642\u0637\u0627\u0639 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a\u060c \u062e\u0627\u0635\u0629 \u0641\u064a \u062f\u0628\u064a \u0648\u0623\u0628\u0648\u0638\u0628\u064a\u060c \u062a\u062d\u062f\u064a\u0627\u062a \u062a\u062a\u0641\u0627\u0642\u0645 \u0628\u0633\u0628\u0628 \u0627\u0644\u062a\u0636\u062e\u0645\u060c \u0627\u0644\u062a\u0648\u062a\u0631\u0627\u062a \u0627\u0644\u062c\u064a\u0648\u0633\u064a\u0627\u0633\u064a\u0629\u060c \u0648\u0627\u0644\u0631\u064a\u0627\u062d \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629 \u0627\u0644\u0645\u0639\u0627\u0643\u0633\u0629.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0627\u0644\u0648\u0633\u0648\u0645:<\/strong><br \/>#ZendUAEFnance #\u0627\u0642\u062a\u0635\u0627\u062f\u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a #\u0636\u063a\u0648\u0637\u0645\u0635\u0631\u0641\u064a\u0629 #\u0627\u0646\u062e\u0641\u0627\u0636\u0639\u0642\u0627\u0631\u064a #\u0623\u0632\u0645\u0629CRE #\u0642\u0631\u0648\u0636\u063a\u064a\u0631\u0645\u0633\u062f\u062f\u0629 #EmiratesNBD #EmaarProperties #\u062a\u0628\u0627\u0637\u0624\u0627\u0642\u062a\u0635\u0627\u062f\u064a #\u062a\u0648\u062a\u0631\u0627\u062a\u062c\u064a\u0648\u0633\u064a\u0627\u0633\u064a\u0629 #\u0628\u0646\u0648\u0643\u0625\u0642\u0644\u064a\u0645\u064a\u0629 #\u0627\u0633\u062a\u0642\u0631\u0627\u0631\u0645\u0627\u0644\u064a #\u062a\u062c\u0627\u0631\u0629\u0639\u0627\u0644\u0645\u064a\u0629 #\u0633\u0648\u0642\u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a\u0641\u064a\u0627\u0644\u0625\u0645\u0627\u0631\u0627\u062a #\u062a\u062d\u062f\u064a\u0627\u062a\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Japanese \/ \u65e5\u672c\u8a9e<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u30a2\u30e9\u30d6\u9996\u9577\u56fd\u9023\u90a6\u306e\u91d1\u878d\u5d50\uff1a\u9280\u884c\u3078\u306e\u5727\u529b\u3001\u4e0d\u52d5\u7523\u5e02\u5834\u306e\u82e6\u6226\u3001\u7d4c\u6e08\u7684\u8ab2\u984c<\/strong><br \/><strong>\u6d6e\u304b\u3076\u63d0\u706f\u304c\u9589\u9396\u3055\u308c\u305f\u901a\u308a\u3092\u7167\u3089\u3059\uff1aUAE\u306e\u91d1\u878d\u6df7\u4e71\u306e\u4e2d\u3067\u5e0c\u671b\u304c\u3061\u3089\u3064\u304f<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e3b\u8981\u30dd\u30a4\u30f3\u30c8<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>2025\u5e745\u670826\u65e5\u6642\u70b9\u3067\u3001\u30a2\u30e9\u30d6\u9996\u9577\u56fd\u9023\u90a6\uff08UAE\uff09\u3067\u306f\u6700\u8fd1\u306e\u5927\u898f\u6a21\u306a\u9280\u884c\u9589\u9396\u306f\u5831\u544a\u3055\u308c\u3066\u3044\u307e\u305b\u3093\u304c\u3001\u9280\u884c\u306f\u4e0d\u826f\u50b5\u6a29\uff08NPLs\uff09\u306e\u5897\u52a0\u3068\u4e0d\u52d5\u7523\u5e02\u5834\u306e\u51b7\u3048\u8fbc\u307f\u306b\u3088\u308b\u30ea\u30b9\u30af\u306b\u76f4\u9762\u3057\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u6700\u60aa\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u793a\u3059\u9280\u884c\u306b\u306f\u3001\u5546\u696d\u7528\u4e0d\u52d5\u7523\uff08CRE\uff09\u3084NPLs\u3078\u306e\u9ad8\u3044\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u3092\u6301\u3064\u9280\u884c\u3084\u3001Emirates NBD\u306e\u3088\u3046\u306a\u5927\u9280\u884c\u304c\u542b\u307e\u308c\u3001\u7d4c\u6e08\u7684\u4e0d\u78ba\u5b9f\u6027\u3068\u53b3\u3057\u3044\u8ca1\u52d9\u6761\u4ef6\u306b\u76f4\u9762\u3057\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li>UAE\u306e\u682a\u5f0f\u3001\u91d1\u878d\u4f1a\u793e\u3001\u4e0d\u52d5\u7523\u4f1a\u793e\u306f\u3001\u4e0d\u52d5\u7523\u4fa1\u5024\u306e\u4f4e\u4e0b\u3001\u9ad8\u91d1\u5229\u3001\u8cbf\u6613\u306e\u7dca\u5f35\u306b\u3088\u308b\u5727\u529b\u3092\u53d7\u3051\u3001Emaar Properties\u306e\u3088\u3046\u306a\u4f01\u696d\u306f\u3088\u308a\u5e83\u7bc4\u306a\u7d4c\u6e08\u6e1b\u901f\u306e\u4e2d\u3067\u640d\u5931\u3092\u88ab\u3063\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li>UAE\u7d4c\u6e08\u306f\u8106\u5f31\u6027\u3092\u793a\u3057\u3066\u304a\u308a\u3001\u7279\u306b\u30c9\u30d0\u30a4\u3068\u30a2\u30d6\u30c0\u30d3\u306e\u4e0d\u52d5\u7523\u30bb\u30af\u30bf\u30fc\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u3001\u5730\u653f\u5b66\u7684\u7dca\u5f35\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u306a\u7d4c\u6e08\u7684\u9006\u98a8\u306b\u3088\u3063\u3066\u60aa\u5316\u3059\u308b\u8ab2\u984c\u306b\u76f4\u9762\u3057\u3066\u3044\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u30bf\u30b0:<\/strong><br \/>#ZendUAEFnance #UAE\u7d4c\u6e08 #\u9280\u884c\u5727\u529b #\u4e0d\u52d5\u7523\u4e0b\u843d #CRE\u5371\u6a5f #\u4e0d\u826f\u50b5\u6a29 #EmiratesNBD #EmaarProperties #\u7d4c\u6e08\u6e1b\u901f #\u5730\u653f\u5b66\u7684\u7dca\u5f35 #\u5730\u57df\u9280\u884c #\u91d1\u878d\u5b89\u5b9a\u6027 #\u30b0\u30ed\u30fc\u30d0\u30eb\u8cbf\u6613 #UAE\u4e0d\u52d5\u7523\u5e02\u5834 #\u7d4c\u6e08\u7684\u8ab2\u984c<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Chinese \/ \u4e2d\u6587<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u963f\u62c9\u4f2f\u8054\u5408\u914b\u957f\u56fd\u7684\u91d1\u878d\u98ce\u66b4\uff1a\u94f6\u884c\u538b\u529b\u3001\u623f\u5730\u4ea7\u5e02\u573a\u56f0\u5883\u548c\u7ecf\u6d4e\u6311\u6218<\/strong><br \/><strong>\u6f02\u6d6e\u7684\u706f\u7b3c\u7167\u4eae\u4e86\u4e00\u6761\u5173\u95ed\u7684\u8857\u9053\uff1a\u963f\u8054\u914b\u7684\u91d1\u878d\u52a8\u8361\u4e2d\u5e0c\u671b\u95ea\u70c1<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5173\u952e\u70b9<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u622a\u81f32025\u5e745\u670826\u65e5\uff0c\u963f\u62c9\u4f2f\u8054\u5408\u914b\u957f\u56fd\uff08\u963f\u8054\u914b\uff09\u6700\u8fd1\u672a\u62a5\u544a\u91cd\u5927\u94f6\u884c\u5173\u95ed\uff0c\u4f46\u94f6\u884c\u56e0\u4e0d\u826f\u8d37\u6b3e\uff08NPLs\uff09\u589e\u52a0\u548c\u623f\u5730\u4ea7\u5e02\u573a\u964d\u6e29\u800c\u9762\u4e34\u98ce\u9669\u3002<\/li>\n\n\n\n<li>\u8868\u73b0\u6700\u5dee\u7684\u94f6\u884c\u5305\u62ec\u5546\u4e1a\u623f\u5730\u4ea7\uff08CRE\uff09\u548cNPLs\u9ad8\u66b4\u9732\u7684\u94f6\u884c\uff0c\u4ee5\u53ca\u50cfEmirates NBD\u8fd9\u6837\u7684\u5927\u578b\u94f6\u884c\uff0c\u56e0\u7ecf\u6d4e\u4e0d\u786e\u5b9a\u6027\u548c\u91d1\u878d\u6761\u4ef6\u6536\u7d27\u800c\u9762\u4e34\u6311\u6218\u3002<\/li>\n\n\n\n<li>\u963f\u8054\u914b\u7684\u80a1\u7968\u3001\u91d1\u878d\u516c\u53f8\u548c\u623f\u5730\u4ea7\u516c\u53f8\u56e0\u623f\u5730\u4ea7\u4ef7\u503c\u4e0b\u964d\u3001\u9ad8\u5229\u7387\u548c\u8d38\u6613\u7d27\u5f20\u800c\u627f\u53d7\u538b\u529b\uff0c\u50cfEmaar Properties\u8fd9\u6837\u7684\u516c\u53f8\u5728\u66f4\u5e7f\u6cdb\u7684\u7ecf\u6d4e\u653e\u7f13\u4e2d\u51fa\u73b0\u4e8f\u635f\u3002<\/li>\n\n\n\n<li>\u963f\u8054\u914b\u7ecf\u6d4e\u663e\u793a\u51fa\u8106\u5f31\u6027\uff0c\u623f\u5730\u4ea7\u884c\u4e1a\uff0c\u7279\u522b\u662f\u5728\u8fea\u62dc\u548c\u963f\u5e03\u624e\u6bd4\uff0c\u9762\u4e34\u6311\u6218\uff0c\u53d7\u5230\u901a\u8d27\u81a8\u80c0\u3001\u5730\u7f18\u653f\u6cbb\u7d27\u5f20\u548c\u5168\u7403\u7ecf\u6d4e\u9006\u98ce\u7684\u52a0\u5267\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6807\u7b7e:<\/strong><br \/>#ZendUAEFnance #\u963f\u8054\u914b\u7ecf\u6d4e #\u94f6\u884c\u538b\u529b #\u623f\u5730\u4ea7\u4e0b\u6ed1 #CRE\u5371\u673a #\u4e0d\u826f\u8d37\u6b3e #EmiratesNBD #EmaarProperties #\u7ecf\u6d4e\u653e\u7f13 #\u5730\u7f18\u653f\u6cbb\u7d27\u5f20 #\u5730\u533a\u94f6\u884c #\u91d1\u878d\u7a33\u5b9a\u6027 #\u5168\u7403\u8d38\u6613 #\u963f\u8054\u914b\u623f\u5730\u4ea7\u5e02\u573a #\u7ecf\u6d4e\u6311\u6218<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udd12 OFFICIAL SOURCES<br \/>\u00a9 BERNDPULCH.ORG &#8211; Licensed Intelligence Media<br \/>\ud83d\udccc Primary Domain: <a href=\"https:\/\/berndpulch.org\/de\/\">https:\/\/www.berndpulch.org<\/a><br \/>\ud83d\udd0d Mirror: <a href=\"https:\/\/googlefirst.org\" target=\"_blank\" rel=\"noopener\">https:\/\/googlefirst.org<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udc8e EXCLUSIVE ACCESS<br \/>Patrons\/donors receive classified briefings. 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CLICK HERE: https:\/\/www.patreon.com\/bePatron?u=54250700 True Information is the most valuable resource and we ask you kindly to give back. Thank you! http:\/\/www.berndpulch.org THE ONLY WEBSITE WITH THE LICENSE TO SPY! \ud83d\udea8 FOLLOW US ON TELEGRAM & GAB FOR EVEN MORE ABOVE TOP SECRET INFOS & DOCUMENTS\u2026","rel":"","context":"In &quot;BERND PULCH&quot;","block_context":{"text":"BERND PULCH","link":"https:\/\/berndpulch.org\/de\/category\/bernd-pulch-2\/"},"img":{"alt_text":"","src":"https:\/\/s-ssl.wordpress.com\/i\/spotify-badge.svg","width":350,"height":200},"classes":[]},{"id":24627,"url":"https:\/\/berndpulch.org\/de\/2014\/07\/03\/the-secret-list-of-off-shore-companies-persons-and-adresses-part-169united-arab-emirates\/","url_meta":{"origin":910392,"position":1},"title":"The Secret List of Off-Shore-Companies, Persons and Adresses, Part 169,UNITED ARAB EMIRATES,","author":"Bernd Pulch","date":"Juli 3, 2014","format":false,"excerpt":"Become a Patron!True Information is the most valuable resource and we ask you to give back. Click on the entries to get more infos. \u00a0 Listed Addresses\u00a0(354) #106 INTERIORS BUILDING UMM HURAIR RD BUR DUBAI U.A.E. #106 Interiors Building UMM Hurair Road Bur Dubai U.A.E. #13 Al Fairooz Dubai Marina\u2026","rel":"","context":"In &quot;BERND PULCH&quot;","block_context":{"text":"BERND PULCH","link":"https:\/\/berndpulch.org\/de\/category\/bernd-pulch-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/berndpulch.org\/wp-content\/uploads\/2012\/06\/cropped-cropped-money_bath.jpg?fit=1200%2C900&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/berndpulch.org\/wp-content\/uploads\/2012\/06\/cropped-cropped-money_bath.jpg?fit=1200%2C900&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/berndpulch.org\/wp-content\/uploads\/2012\/06\/cropped-cropped-money_bath.jpg?fit=1200%2C900&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/berndpulch.org\/wp-content\/uploads\/2012\/06\/cropped-cropped-money_bath.jpg?fit=1200%2C900&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/berndpulch.org\/wp-content\/uploads\/2012\/06\/cropped-cropped-money_bath.jpg?fit=1200%2C900&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":937509,"url":"https:\/\/berndpulch.org\/de\/2026\/03\/12\/afghanistans-offshore-network-trade-tax-the-fatf-grey-zone-2024-2025\/","url_meta":{"origin":910392,"position":2},"title":"Afghanistan&#8217;s Offshore Network: Trade, Tax &amp; the FATF Grey Zone (2024-2025)","author":"Bernd Pulch","date":"M\u00e4rz 12, 2026","format":false,"excerpt":"A comprehensive update documenting Afghanistan's offshore financial landscape, trade relationships, and tax regulatory framework between 2024 and early 2026. 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