Yesterday, the director-general of the Finance Ministry told any shock could be absorbed by the banks in the Banks in the UAE as they are in healthy condition to even deal with the impact of Dubai World's debt rebuilding.

Younis Al Khouri said, "The committee, which is headed by our minister, made sure that UAE banks have enough capital to absorb any shock that might come."

The UAE will also not see a federal bond issue in 2010.

Al Khouri told that the government did not feel the requirement for a capital injection for banks at this time.

They haven't seen any need for further injection as well.