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UAE banks post record $12.6bn net profit in 2019

A total of 18 out of 19 national banks and financial companies in the UAE have announced an increase in their total net profits to Dh46.47 billion ($12.65 billion) an increase of 11.6 percent compared to Dh41.63 billion in 2018. The figures showed that the banking sector accounted for some…

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