Wednesday , 17 January 2018
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UAE banks ‘looking good’

UAE central bank governor Sultan bin Nasser al-Suweidi said recently that local banks will return to making good profi ts despite uncertain economic conditions. According to Reuters, Al-Suweidi told Arabic daily Al Ittihad that local banks’ positive reception to the Dubai World debt proposal, as well as strong cash reserves and capital, would help the banking sector meet any necessary levels of provisioning.

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