NO. 33


Financial and Banking News

Regional Banking

UAE Local Banks Put In Solid Performance As Economic Conditions RemainBuoyant

Most of the locally-incorporated UAE banks have reported increased profitsfor 1993, and the prognosis is for further strong performance during thepresent year. Economic conditions remain buoyant despite a slight cooling of activity in Dubai, and contracting work in Abu Dhabi should ensure that areasonable amount of banking business remains...