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UAE's top banks' combined profits soar 68% on higher rates, business activity
The UAE's biggest banks, which account for 77% of banking assets, notched up a combined net profit of $7.4 billion in H1 2023, up 68% from $4.4 billion for the same period of 2022. According to Moody's Investors Service, the higher profits at the four largest banks, First Abu Dhabi…
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