Expo 2020 and Dubai property boost for UAE banks | The National:
"UAE banks are forecast to report improved earnings for 2013 on the back of Dubai’s improving property sector as well as its Expo win last month.
The local investment bank Arqaam Capital said yesterday it had raised its growth forecast for banks’ earnings per share to 15.8 per cent for 2013, with further growth of 10.2 per cent forecast for next year.
The higher forecasts reflect both general economic recovery, in particular Dubai real estate, and efforts by banks to clean up balance sheets and diversify their asset mixes."
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