| From Khaleejtimes.com: UAE banks are likely to report weaker second quarter profits on larger provisions for losses due to their exposure to the faltering real estate sector and the troubled Saudi groups Ghosaibi and Al Saad, as well as tepid loan growth.
Analysts said that banks underperformed in the second quarter, with many still reeling from the global financial crisis and the subsequent liquidity squeeze, while defaults by Saudi groups have raised concerns about the asset quality of banks.......Full Article: Source
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