Financial and Banking News
UAE Banking Market Remains Uninspired
There are few success stories in UAE banking this year, but many cautionarytales. Most of the better banks were able to show only modest profit increasesduring 1991, and National Bank of Dubai (NBD) saw profits fall. By the end ofJuly, seven of the UAE's 18 banks had yet to publish audited results for 1991.The picture is not entirely gloomy, however. Many of the national banks continueto...