Middle East Economic Survey

VOL. LIII

No 26

28-Jun-2010

UAE

UAE Banking Sector Capitalization Makes Challenges Manageable, Says Fitch

The UAE banking sectors strong capitalization should make its current challenges manageable despite rising impairments and difficult operating conditions, according to a report published on 22 June by Fitch Ratings. Fitch believes this strength makes fresh government support for the sector less likely to be required. The first half of 2010 has been difficult for UAE...