UAE firms expected to post strong results
United Arab Emirates: Tuesday, January 15 - 2008 at 06:43
A new report by EFG-Hermes predicts that UAE-based companies, particularly banks and financial services firms, will announce positive results for the full year on the strength of fourth-quarter results, reported Gulf News. A vast majority of companies are expected to announce their financials during the next two weeks. Commercial Bank of Dubai is expected to deliver the highest earnings growth of the sector at 53% year on year for the quarter and 49% for the full year.
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Jeff Florian, Senior ReporterTuesday, January 15 - 2008 at 06:43 UAE local time (GMT+4)
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