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Top savings accounts for kids and teens in the UAE

Both digital and mainstream banks in the UAE offer savings accounts for kids, and the law requires parents to monitor the accounts ....

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UAE banks' profits surge 35% to $4.98bn in Q1: report

RIYADH: The UAE’s banking sector recorded a 35 percent growth in net profits to 18.3 billion dirhams ($4.98 billion) during the first quarter of 2023, reported global professional services firm Alvarez & Marsal. This boost in profitability resulted from improved cost efficiencies, lower impairment charges, and increased non-core income. “This has been a very strong quarter for ....

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First-quarter profit of UAE's top 10 banks up 35% on lower impairments

Their aggregate net income hit $5 billion in the January-March period, consultancy Alvarez & Marsal says ....

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Large capital pools, FDI drive UAE banking sector growth

UAE banks benefit from large pools of capital and high net worth customers on the back of a vibrant economy and a favourable business environment that cont.. ....

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UAE banks stay strong and well-insulated against contagion risks

The profitability of the top 10 UAE lenders increased by 31.7 per cent in 2022 year-on-year as higher interest rates boost earnings ....

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