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UAE banks to post strong growth
- United Arab Emirates: Thursday, July 10 - 2008 at 07:20
The profits of UAE-based banks in the first half of this year are expected to be between 30 to 45% during the first half of this year, according to Ahmad Humaid Al Tayer, chairman of Emirates NBD, the region's largest bank in assets. He said Emirates NBD's profits will be at the high end of this range, supported by strong government and private sector spending.
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Jeff Florian, Senior ReporterThursday, July 10 - 2008 at 07:20 UAE local time (GMT+4)
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