From Emirates247.com: Aggregate third-quarter profits of the GCC banking sector declined 6.8 per cent year-on-year (YoY) but witnessed an increase of 2.9 per cent quarter-on-quarter, according to a new report by Global Investment House (Global).
With a 43 per cent growth in quarter-on-quarter (QoQ) profits, UAE banks were the second-best performers in GCC, following Kuwaiti banks, whose profits grew 48 per cent QoQ, according to a Global study of 30 of the largest banks in the GCC……………………………………….Full Article: Source