30.07.2009 - Top UAE banks ‘face tough 2009 on provisions’
From Tradearabia.com: Downbeat prospects for the UAE’s economy, combined with provisions as a result of debt trouble at two Saudi conglomerates is likely to dampen profits of the UAE's biggest banks for the remainder of 2009, analysts say. Second-quarter results of top lenders in Abu Dhabi and Dubai, the two wealthiest emirates of the seven that make up the UAE, have shown that provisions eroded an otherwise healthy income from traditional sources........Full Article: Source