S&P expects UAE banks to perform strongly in 2023

S&P expects UAE banks to perform strongly in 2023

ABU DHABI / WAM Standard & Poor’s (S&P) Global Ratings expects that the banks of the United Arab Emirates (UAE) will achieve strong performance in 2023. In a recent report, the credit rating agency said that UAE banks will benefit from strong non-oil GDP growth, which will mitigate the impact of rising interest rates on ...

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