Fitch: UAE banks braced for new headwinds
12/8/2011 3:56:10 PM
DUBAI: Fitch Ratings believes that the weak global economy and slowdown in Abu Dhabi will represent new headwinds for the UAE banking system.
Whilst the fragile real estate sector and the ongoing problems in Dubai government-related entities and several UAE corporates continue to pose significant asset quality challenges for the sector, banks will face new headwinds.
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