12.10.2009 - UAE banks' bad loans to soar 5 pct by 2010
From Maktoob.com: United Arab Emirates banks are expected to see non-performing loans, or NPLs, rise this year and are projected to reach between 4.5% and 5% of gross loans by mid-2010, investment bank Shuaa Capital's chief economist said Sunday. "We still haven't seen the peak," Mahdi Mattar said, adding that Shuaa forecasts a rise in NPLs to 3.5% by the end of 2009......................Full Article: Source