Financial and Banking News
REGIONAL BANKING
Major UAE Banks Report Setbacks
Against the background of mergers of some of the smaller banks in the UAE, results have recently been released for top-ranking banks in the country which illustrate the ex- tent to which the current recession has affected the performance and profitability of what were regarded as the flagships of the country's banking sector.
The Dubai-based Bank of Oman increased its provisions for bad and doubtful debt by...
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