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Higher impairment charges hit UAE banks Emirates NBD and ADCB
Dubai's biggest lender Emirates NBD reported a 15% drop in fourth-quarter earnings on Monday, below analysts' forecasts, on a jump in impairment charges, sending its shares down around 1%. The bank booked impairment charges of 2.06 billion dirhams ($560.88 million) in the quarter, up more than three times from a…
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