Dubai banks lead in profit growth as bad-debt burden lightens | The National:
"Dubai banks were the stars of the first quarter’s earnings season, as they reduced their provisions for losses on loans related to Dubai government entities.
While most UAE banks turned a profit in the quarter, even despite the lower price of oil, it was the banks in Dubai that set the pace.
“Dubai banks stood out versus Abu Dhabi banks in general on operational growth,” said Taher Safieddine, an analyst at the Dubai-based investment bank Shuaa Capital."
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