VOL. XLIII
No. 08
21-February-2000
BANK RESULTS
ARBIFT And GIB Only Negative Results In Latest Arab Bank 1999 Statements
Despite a flurry of positive 1999 profits in Arab bank results (see MEES, 7 February, 31 January and 24 January), one UAE bank defied the trend and showed that not all came through the global financial crisis unscathed. ARBIFT recorded a significant downturn of 24% for the year 1999. Gulf International Bank also recorded a fall in profits, but this was due to one-time merger...
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