Middle East Economic Survey
VOL. LIII
No 26
28-Jun-2010
UAE
Moodys Retains Negative Outlook On UAE Banks
Moodys Investors Service has maintained its negative outlook on banks in the UAE, citing a weak operating environment, over-supply of properties in the real estate market, and significant asset quality challenges posed by the Dubai World debt restructuring. In 2009, systemic support from the federal government eased the financial challenges of UAE banks, while capital levels and good core...
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