While the top UAE banks reported a peripheral increase in profitability, the outlook for the domestic banking sector still remains subdued as a result of the weakened after-effects of Covid-19, in addition to low oil prices, a report said. Moreover, the low interest environment, along with a possible increase in impairments, is expected to further weigh on profitability, said leading global professional services firm Alvarez & Marsal (A&M) in its ...