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UAE banks $6.8bn profit
- United Arab Emirates: Saturday, December 29 - 2007 at 08:28
The combined profit of the UAE's banks is set to spike by 25% this year to $6.8bn, reported Gulf News citing the UAE Central Bank Governor Sultan bin Nasser Al Suwaidi. Local banks provided an aggregate profit of $5.3bn. Al Suwaidi said the deposits in the country's banks have now reached $183.8bn, up from $151.1bn in 2006.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 29 - 2007 at 08:28 UAE local time (GMT+4)
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