Middle East Economic Survey
UAE Bank Exposure To Dubai World Debt Is $15Bn, Says Moodys
UAE banks exposure to Dubai World debt is around Dh55bn ($15bn), said Moodys Investors Service in its 22 February weekly credit outlook. Although very few banks in the UAE have publicly disclosed their actual exposures to Dubai World entities, Moodys said that it had received sufficient information from most rated banks to estimate exposure. The agency rates 13...