UAE COMPANIES REPORT UPBEAT PROFIT NUMBERS – AND MIXED WITH CAUTION: The latest profit numbers from UAE’s banks and other listed heavyweights would surely have their shareholders pleased. In fact, to a degree that’s more than pleased. Abu Dhabi’s FAB has teed off the latest reporting season with a Dh10 billion nine-month profit, and two other banks went past Dh4 billion at the time of asking. In the days ahead, the energy and allied entities would have their say, and developers too would chip in. But within all this bullishness, the companies are not letting go off caution of what could be tougher times ahead for the global economy and what it would mean specifically for the UAE. These companies will be well-served by that approach – extreme watchfulness should never be construed as weakness. (By Manoj Nair, Business Editor)