| As the financial reports for 2012 become available, it is clear that there has been a significant improvement in the balance sheets of banks in Dubai. The negative impact of the property crash of 2008-09 is diminishing and asset quality is improving.
The largest bank in Dubai, Emirates NBD, revealed results beyond expectations for 2012, which caused a one third rise in its share price in January. While there will be some profit taking, the longer-term share price outlook is now positive given the management strategy of the bank, which is to focus on retail business...........................................Full Article: Source
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