NO. 25


Financial and Banking News

Bank Results

Sharjah Banks Improve As Economic Conditions Brighten

Bank of Sharjah and United Arab Bank have both reported healthy increases inprofits for 1993, while Investbank appears to have stabilized its financialposition after the withdrawal of Banque Audi in 1992. National Bank of Sharjah,the fourth bank in the Emirate, has yet to publish figures for 1993 or any otherrecent year. The improvement in the fortunes of the three active...