The two largest banks in Dubai - Emirates NBD and Dubai Islamic Bank - in the second quarter increased their net profit due to increased activity in the construction industry of the emirate, which contributed to increased lending. Emirates NBD increased its figure by 30% year-on-year to 2 billion 630 million dirhams. The net interest margin increased to 2.78% from 2.41%. The volume of deposits in the first half of the year increased by 3%, loans - by 4%. The net profit of Dubai Islamic Bank grew by 14% year-on-year to 1 billion 210 million dirhams. The bank increased the volume of deposits in the first half of the year by 3%, loans - by 6%. The indicators of both banks have surpassed the forecasts of analysts.
Gold bounces back, but hover near two-month lows over rising dollar, economic recovery optimism15.02.2021
Dollar hovers near two-week lows as traders doubt U.S. recovery12.02.2021
Oil falls on second day as OPEC, IEA warning ends rally11.02.2021
Global equity funds post largest inflows in 2 years in week ended Feb 10