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First Abu Dhabi Bank Sees Interest-Rate Jump Boosting Its Profit
First Abu Dhabi Bank PJSC expects a rise in U.S. interest rates to boost its profits because the United Arab Emirates is likely to follow suit. The UAE’s biggest bank sees profit climbing by between 200 million dirhams ($54 million) and 250 million dirhams for every percentage-point hike in U.S….
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Click here to read the full story: Bloomberg