Outlook for Arabian Gulf banks rosier in 2018 as oil rebounds

The outlook for Arabian Gulf banks is sunnier in 2018. Chris Whiteoak / The National UAE and Arabian Gulf banks banks find themselves on a different footing towards the second half of the year given the uptick in the dollar and price appreciation of oil.
Higher interest rates may also give banks a shot in the arm when it comes to profitability this year but banks in the UAE and the Gulf, like lenders all over the world, are facing increasing regulatory costs that may put a damper on profitabilit…

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