No. 51



A Successful 1996 In Prospect For UAE Banks

For the locally incorporated UAE banks, 1995 was another excellent year. A buoyant economy, particularly in Abu Dhabi, the wealthiest emirate in the union, ensured that all bar two of the banks were able to record solid in- creases in profits and assets. Given firmer oil prices thus far in 1996 and the prospect of a settlement with the liquidators of the collapsed Bank of Credit and Commerce...