Standard Chartered UAE operating profit more than doubles to $242m in 2021

The London-based Standard Chartered reported “significant turnaround” in its UAE business with operating profit more than doubling on a year-over-year basis. Operating profit for the full year 2021 was $242 million, compared to $110 million a year earlier. The results were driven by cost reductions and “de-risking” actions. “Positive macro-trends…