VOL. XLIII
No. 03
17-January-2000
UAE
Moodys Anticipates Fall In Asset Quality Of UAE Banks
US ratings agency Moodys Investors Service announced on 5 January that it anticipates some deterioration in asset quality at UAE banks due to short-term problems in the economy despite rising oil prices. According to the agency, the countrys trading sector is slowing down and there are signs of overcapacity in the Dubai property market. However, strong earnings capability, adequate capital bases and...
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