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UAE banks to perform well in 2008
- United Arab Emirates: Tuesday, May 13 - 2008 at 08:30
A new report by Fitch Ratings says that UAE banks' positive performance in 2007 is expected to continue in the current year. Similar to the other GCC countries, the UAE banking sector continues to benefit from a buoyant operating environment, principally driven by high oil prices resulting in increased government infrastructure spending and general growth in both retail and corporate lending, the report said.
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Jeff Florian, Senior ReporterTuesday, May 13 - 2008 at 08:30 UAE local time (GMT+4)
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