Financial and Banking News
Commercial Bank of Dubai Reports Profit Increase
The Commercial Bank of Dubai, which is 20% owned by the Dubai Government andwhose private sector shareholders include a number of prominent Dubai merchantfamilies, has reported profits of Dh36mn in 1989, earning it a remarkable 2.88%return on average assets. After a period of stagnation in the mid-1980s, thebank has begun a cautious expansion, although it remains highly...
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