Despite the global financial crisis, a top official of two leading financial institutions in the UAE says, public companies' 2009 results would show a "good financial year", setting a positive sentiment in the market.
Suresh Kumar, CEO of Emirates NBD Capital and Emirates Financial Services, said the growth would not be as phenomenal as in the past two years, but would be comparable to 2006 levels.
"Now you've got a fair amount of realism that indicates stability and that is the first step to confidence. That's why the audited results, which will be announced in late January or early February 2010 onwards, will be the basis for a positive sentiment," he told Emirates Business.
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