No. 04



Moodys Sees Weaker Credit Outlook For UAE Banks

US ratings agency Moodys Investors Service warned in areport on 19 January that it may need to change its credit outlook for banks inthe UAE if international oil prices remain low and if export demand from Asiaand the CIS continues to dwindle. The ratings agency said that although the UAEwas one of the regions in the Gulf best prepared for the stresses created bylower short-term oil revenues namely because its...