VOL. XXXII

NO. 23

13-MARCH-1989

Financial and Banking News

REGIONAL BANKING

EBI Recovery Picks Up Steam

The Dubai-based Emirates Bank International (EBI) which until last Novemberwas known as the Union Bank of the Middle East (UBME), has published results for1988 which are not only relatively prompt by the standards of the region, butwhich also give a picture of a continuing strong recovery from the crises of1985-86 which resulted in its takeover by the Government of Dubai. After a 39%increase in...