The UAE brokerage industry has set aside more than Dh380 million (US$103m) to account for debts that firms are struggling to collect.
The sum, while large, marks a small decline from last year, but is still weighing heavily on an industry desperate to improve margins and reverse a decline it has suffered for the past four years.
Eighteen out 50 securities companies are carrying impairment put at Dh382.3m, according to second-quarter financial statements published on the market watchdog's website. That is down from Dh390.9m in the second quarter of last year.
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