As the boss at HSBC said today - “I am confident that the leadership of Dubai and the UAE will overcome any short-term issues they face – which appear to have been somewhat sensationalised”
He has to be confident as HSBC is one of if not 'the' most exposed... what else would he say, "we're scr*wed!"
AUH have the same problem of assessing and identifying the assets worth salvaging from those that need to fail. To give a blank cheque as many expected would have been to give money to the thieves and corrupt who created the mess.