Moody's has upgraded its outlook for the banking system of the United Arab Emirates (UAE) from 'stable' to 'positive'. The system's rating, which is Aa2 with a stable outlook, reflects the agency's confidence in the resilience and future growth of the country's financial sector. This change is driven by the UAE's strong economic policies and the high capitalization of its banks. The positive outlook is expected to further enhance the position of UAE banks in the global financial market.
