Here's Why Lenders in the U.A.E. Are Upbeat About Growth in 2018 - Bloomberg:
"Banks in the United Arab Emirates are upbeat about 2018 with faster economic growth and higher interest rates set to boost earnings.
Banks are expected to raise lending by about 4 percent to 6 percent this year as Dubai prepares to host the Expo 2020. Interest rate increases by the Federal Reserve, which is shadowed by Gulf central banks, will also allow banks to raise loan pricing and improve net interest margins.
“Banks should do better because quality loan demand should pick up,” said Sanyalak Manibhandu, head of research at Abu Dhabi-based FAB Securities LLC. U.A.E. economic growth will recover after decelerating for the past three years due to higher oil prices, he said."
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