VOL. XLI

No. 31

3-August-1998

UAE

EBG Confidence In UAE Bank Performance

The current decline in oil prices will have only a limited effect onthe performance of UAE banks which will maintain growth levels similar to those achievedlast year. In an interview with Asharq al-Awsat, Mr. Sulaiman al-Mazrui,Chief Manager of Marketing at the Emirates Bank Group (EBG) cited the UAEsrelatively low dependence on oil revenue (MEES, 27 July) and the focus of UAEbanking activities on trade as key reasons for...