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Stronger economy boosts major UAE banks’ profits
Major UAE banks recorded strong performance in 2014 as their profits surged due to economic growth and lower provisions for bad debt, according to a top banker. AbdulAziz Al Ghurair, chief executive officer of Mashreq and chairman of the UAE Banks Federation, or UBF, said banks now have enough capital…
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Click here to read the full story: Khaleej Times