Oil demand for road transport should peak around 2025
In challenging financial market conditions, United Arab Bank maintained earnings momentum. As a result, earnings per share improved to Dh0.083 in March 2009 compared to Dh0.068 in March 2008. Solid growth has been achieved despite a decline in volumes due to the slowdown resulting from adverse market conditions.
“Despite general market conditions, we shall continue to focus on quality in terms of assets and the services provided to customers, in order to achieve the results forecasted for 2009,” said Paul Trowbridge, the Bank’s Chief Executive Officer.
“The improved performance during the first quarter of 2009 is due to a combination of factors, specifically the efficient utilisation of our financial resources, an adaptable marketing strategy, a continued policy of diversification, a renewed focus on getting closer to our customers, lowering the cost of funding, and close monitoring of our operating costs and processes.”
Oil demand for road transport should peak around 2025
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Total income reached to Dh5.607 billion compared to Dh4.431 billion, a solid expansion of 26.5 per cent YoY
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Apart from the road network, the exclusive island will feature a helipad, and plans are afoot to connect it through waterways from Abu Dhabi and Dubai