Articles > Business magazines > Trade magazines > CPI Financial articles > September 2009

Article: Fitch downgrades seven UAE banks.

Article from:
CPI Financial
Article date:
September 24, 2009
Copyright

Byline: news@cpifinancial.net (Staff Writer)

Fitch Ratings has downgraded the Long-term Issuer Default Ratings (IDR) of seven UAE-based financial institutions reflecting Fitch's view that the ability of the sovereign UAE Federal Authorities and the Emirate of Dubai to provide support has lessened.

The institutions affected are Bank of Sharjah, Commercial Bank of Dubai, Dubai Bank, Emirates Bank International, Mashreqbank, National Bank of Ras Al-Khaimah and Tamweel. At the same time, the Support ratings for four of the institutions have been downgraded to '2' from '1'.

Fitch has reviewed the sources of support provided to the UAE banking sector ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Experts Discuss UAE Federal Arbitration Law.
Khaleej Times (Dubai, United Arab Emirates);  February 17, 2009 ;     542 words ... ... roundtable discussion on the implementation of the proposed UAE Federal Arbitration Law on Sunday. Held on the sidelines of the 12 ... members of DIAC, members of the national committee studying the UAE Federal Arbitration Law and international arbitrators attending the ...

Article: Ethos Consultancy Developing Service Excellence for UAE ...
Al Bawaba;  June 11, 2008 ;     629 words ...Ethos Consultancy Developing Service Excellence for UAE Federal Government Ethos Consultancy, the Middle East's leading ... firm, headquartered in Dubai, is working with the UAE Federal Government to develop and deliver its Service Excellence ...

Article: UAE FEDERAL BANK PLANS TO EXPAND INTO TURKEY.
AsiaPulse News;  June 28, 2006 ;     700+ words ... ... base in the country on the horizon. The strategy, in its early stages, will build on existing business ties between the UAE federal owned bank and the Turkish financial market by capitalising on investment opportunities created through the country's current ...

Article: UAE FEDERAL BANK PLANS TURKISH EXPANSION
Al Bawaba;  June 26, 2006 ;     666 words ... ... base in the country on the horizon. The strategy, in its early stages, will build on existing business ties between the UAE federal owned bank and the Turkish financial market by capitalising on investment opportunities created through the country's current ...

Article: UAE FEDERAL BANK PLANS TURKISH EXPANSION.(United ...
Middle East;  June 26, 2006 ;     700+ words ... ... base in the country on the horizon. The strategy, in its early stages, will build on existing business ties between the UAE federal owned bank and the Turkish financial market by capitalising on investment opportunities created through the country's current ...

Article: The UAE Federal Customs Authority to participate in ...
WAM - United Arab Emirates News Agency;  February 4, 2008 ;     411 words ...Abu Dhabi, Feb 04th, 2008 (WAM): The UAE Federal Customs Authority (FCA) will participate in the second meeting of the Regional Offices for Customs Capacity Building (ROCB ...

Article: Italy to take lessons from UAE federal structure.
Gulf News (United Arab Emirates);  January 19, 2009 ;     474 words ... ... by Iran for more than 30 years now. At a joint press conference with Abdul Aziz Abdullah Al Ghurair, the speaker of the UAE Federal National Council (FNC), Fini said the Italian Parliament was convinced the islands belonged to the UAE. But we suggest ...

Article: Ducab wins supply contract by UAE Federal ...
Al Bawaba;  December 5, 2004 ;     646 words ... ... of high quality power cables based in Dubai has succeeded in winning an annual supply contract for the year 2005 with the UAE Federal Electricity and Water Authority (FEWA), worth Dh36 million. The contract calls for supplying the Authority with 33 kV ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives