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UAE-BANKS

The Wire

Moody's: No immediate ratings changes on UAE banks

Nov 27 - By Associated Press

Moody's Investor Service said Friday that ratings on banks in the United Arab Emirates were already on review, and that no immediate downgrades are expected in light of Dubai's debt crisis.

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UAE extends deposit guarantee to foreign banks

Oct 12 - By Adam Schreck, AP Business Writer

This small but wealthy Persian Gulf nation moved aggressively Monday to shield its booming financial industry from the global credit crisis, saying a just-announced guarantee on bank deposits also would cover international banks operating inside its borders.

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