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Tuesday, 24 November 2009 05:56 UAE time

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Fitch Ratings

Main Category: Financial Services (Misc.)
Country : United Kingdom


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UAE's biggest banks face challenging times - Fitch

Rating agency says rising impairments can be absorbed by strong capital, revenues.

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Seven UAE banks downgraded by Fitch

Ratings agency downgrades long-term issuer default ratings of Mashreq and Tamweel, among others.

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Abu Dhabi seeks $10bn international investment

Move will increase emirate's debt to 10% of GDP but still leaves it financially strong.

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RAK economy outlook rated stable by Fitch

Agency also reaffirms ratings of emirate, says it is in 'comfortable position'.

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Fitch paints difficult 2009 for Kuwaiti banks

Ratings agency says banks are likely to face problems amid global crisis, oil price decline.

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Fitch: Era of huge Gulf surpluses at risk

Ratings agency says global economic slowdown and oil price drop eating into budget surpluses.

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UAE external debt at $170bn

Gross external debt increases 17% in H1 compared with $145bn at end of 2007, led by banks.

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Saudi credit boost as oil prices rocket

Fitch upgrades kingdom's ratings on back of record prices, but warns of impact of sharp correction.

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Property market faces oversupply, foreign demand risks

UPDATE 2: Dubai market currently strong, but challenges could hit demand - Fitch.

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Record inflation to increase throughout Gulf

But credit concerns are outweighed by impact of high oil prices, Fitch says.

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Gulf International hit by subprime crisis

GCC-owned bank suffered $757mn last year because of exposure to US mortgage crisis.

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Fitch affirms Iran ratings

B+ vulnerable to weakening oil prices or deterioration in int'l relations, but both unlikely in near future.

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Dubai set for first credit rating

Emirate likely to receive first credit rating this year as part of plans to sell gov't bonds, report says.

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Arab Tigers burn bright

Imran Ahmed, managing director, asset management, Mashreq, talks about the Makaseb Arab Tigers Fund.

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Alaqaria Islamic bond gets medium rating

Fitch gives Qatar Real Estate Investment subsidiary's $300mn sukuk issuance BBB+ rating.

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Fitch ups Saudi rating

Rating outlook on Saudi Arabia is lifted to positive from stable on the strength of high oil prices.

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