Middle East Economic Survey
Impact Of Dubai World Debt Problems On UAE Banks Difficult To Determine
Concerns over the financial strength of UAE banks after the announcement of Dubai Worlds debt problems were promptly dismissed by the governor of the Central Bank of the UAE (MEES, 7 December). However, the exposure of local banks to the flagship holding companys debt is difficult to determine. In a report published by the Dubai-based Gulf Research Center (GRC),...