Middle East Economic Survey

VOL. LII

No 37

14-Sep-2009

UAE

Moodys Positive On Central Bank Steps to Stimulate UAE Lending

The recent steps taken by the Central Bank of the UAE to stimulate lending are positive and will provide a greater incentive to banks to extend lending to creditworthy borrowers, commented Moodys Investors Service in its Weekly Credit Outlook dated 7 September. On 1 September the central bank said that it was lowering the interest rate on the liquidity support facilities that it...