Financial and Banking News
First Results from UAE Banks Show Positive Picture
Profits increased at seven of the eight UAE-based banks which had declared1992 results by early March. The solitary exception was National Bank of Dubai,which is heavily dependent on prevailing interest rates and has a low cost offunds. Emirates Bank International, Bank of Oman and Commercial Bank of Dubaishowed increases, as did Abu Dhabi-based Arab Bank for Investment and...