Profits of seven publicly-listed UAE banks in Forbes 2021 World’s Best Banks—Abu Dhabi Islamic Bank, Emirates NBD, Abu Dhabi Commercial Bank, Mashreq Bank, National Bank of Ras Al-Khaimah, Emirates Islamic Bank, and Dubai Islamic Bank—soared by 18% to AED5.1 billion ($1.38 billion) in Q1 2021, from AED 4.2 billion ($1.17 billion) during Q1 2020.
