as i have said before, they better hang onto every dollar they have
in their wealth funds, and not to go on foreign buying spree's,
because the free market always fails, and recession/depression is the
results.

http://www.bloomberg.com/apps/news?pid=20601110&sid=atXyLYNSiK8Q

Abu Dhabi Commercial Bank Falls More Than 7%% on Growth Concerns
By Arif Sharif
Sept. 10 (Bloomberg) -- Abu Dhabi Commercial PJSC, the United Arab
Emirates' third-biggest bank by assets, fell to its lowest in more
than three years on concern earnings growth will slow as its access to
new funds dries up.
``There was a research report last week which said ADCB had used up
all its funding options, and new issues of convertible instruments
would be dilutive for the stock,'' Fadi Al Said, head of equities at
ING Investment Management (Dubai) Ltd., said in a phone interview from
Dubai today. ``So banks with new need for capital will face the
biggest pressure now, and add to that the possibility of more subprime
writedowns.''
Abu Dhabi Commercial Bank fell as much as 7.4 percent, and was down as
much as 5.2 percent at 3.85 dirhams at 13:39 p.m. on the Abu Dhabi
bourse, its lowest since January 18, 2005.
United Arab Emirates' banks, including Abu Dhabi Commercial Bank PJSC,
will report slower loans growth in the second-half as they face a
shortage of funds, Merrill Lynch & Co. said in a report dated Sept. 4.
Loans at U.A.E. banks grew 31 percent in the first half, compared with
a 13 percent increase in deposits, and lenders now have a ``funding
wall to climb,'' Merrill Lynch said in the report.
For Related News: For U.A.E. stock market news: {NI GULFWRAP BN}
To contact the reporter on this story: Arif Sharif in Dubai at
asharif2@bloomberg.net
Last Updated: September 10, 2008 05:56 EDT