Banks started to report their exposure to Phoenix Global, the Dubai-based trading arm of collapsed commodities broker Phoenix Commodities. The company claimed to be one of the largest rice distribution companies in the world, delivering close to 2 million metric tons of rice to its customers around the world each year. Bloomberg
Banks started to report their exposure to Phoenix Global, the Dubai-based trading arm of collapsed commodities broker Phoenix Commodities. The company claimed to be one of the largest rice distributioShow more

UAE banks report exposure to commodities broker in liquidation




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