UAE banks are buying up loans that Qatari banks – Doha Bank and Barwa Bank – extended to UAE companies. Bloomberg had reported last month that some of the banks in the UAE, Saudi Arabia and Bahrain had started reducing their exposure to Qatari banks by withdrawing their deposits there. Source: Al Arabiya
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China’s Foreign Ministry on Wednesday once again asked India to withdraw all its troops and equipment from Chinese territory, as the border standoff in the Dong Lang (Doklam) area approaches its second month. Source: People’s Daily
Top Turkish and Russian economy officials are set to discuss key economic, political, technical and trade issues at an international fair in the Aegean city of İzmir, which will start on Aug. 18 and last until Aug. 27. Source: Daily News
Bulgaria has decided to increase its border security measures in order to prevent illegal migration from Turkey, Bulgarian Defense Minister Krasimir Karakachanov said in an interview published on Thursday. Source: Daily Sabah