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Q1 results point to strong start for UAE lenders

Contrary to the expectations that the implementation of International Financial Reporting Standards 9 (IFRS 9) and the introduction of 5 per cent value-added tax (VAT) would have some impact on the profitability of UAE banks, early bank results indicate a strong outlook for the sector. Leading UAE banks that have…

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Click here to read the full story: Gulf News

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