Slip in profit for Mashreq suggests bull run for UAE banks ending | The National:
"Mashreq, the Dubai-based lender led by Abdul Aziz Al Ghurair, said its third-quarter profit fell 7.6 per cent as it earned less from fees and commissions.
The decline comes amid increasing signs that the bull run banks have enjoyed in recent years is starting to wane amid lower oil prices.
Sharjah-based United Arab Bank said last week that it had booked a loss after recording a rise in bad loans from some of its commercial customers."
'via Blog this'
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