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Interest rate increases and macroeconomic tailwinds ‘to boost profitability of UAE banks’
Higher interest rates and a broad-based recovery of the UAE’s economy from the Covid-19 pandemic-induced slowdown are expected to boost the profitability of the UAE lenders, Egyptian investment bank EFG Hermes has said. The expected 300-basis points (bps) rise in US interest rates will drive up the net interest income…
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Click here to read the full story: The National News