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Emirates NBD Fourth-Quarter Profit Surges; Beats Estimates
Emirates NBD’s fourth-quarter profit quadrupled, beating analyst estimates, as loan-loss charges at the biggest United Arab Emirates bank fell and income from affiliates increased. Net income of the Dubai-based lender advanced to 625 million dirhams ($170.2 million), or 10 fils a share, from 152 million dirhams, or 2 fils a…
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