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UAE banks to maintain 'stable' credit profiles in 2020, S&P says

Banks in the UAE are expected to remain resilient despite tougher operating conditions this year, as Abu Dhabi’s fiscal stimulus helps propel the emirate’s economy and Expo 2020 boosts tourism activity in Dubai, according to S&P Global Ratings. Despite pressure on margins, the rating agency expects a “mid-single-digit net lending…

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