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Gulf economies poised for recovery in 2010, forecasts Emirates NBD

Posted on 27 January 2010

GCC economies are poised for gradual recovery in 2010, led by growth in the hydrocarbon sector and higher energy prices, according to Emirates NBD, the Middle East’s largest bank by asset size.
Emirates NBD is the largest banking group in the Middle East by assets. As of December 31, 2008, the bank’s total assets stood at Dhs282.4bn and its combined market share at 20.5 per cent……………………………….Full Press Release: Source

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