| 31.07.2009 - Top UAE banks pressured by rising debt provisions |
| From Gulfnews.com: Rising 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. Second-quarter results of top lenders in Abu Dhabi and Dubai have shown that provisions eroded an otherwise healthy income from traditional sources..........Full Article: Source |