| 26.10.2010 - Dubai's ENBD says bad loans, Dubai World hit Q3 |
| From Reuters: Dubai-based Emirates NBD said a spike in bad loans and a provision for its exposure to debt-laden Dubai World more than halved its third-quarter net profit to well below analysts' forecasts. Chief Executive Rick Pudner also poured cold water on recent newspaper reports that Emirates Islamic Bank, ENBD's shariah-compliant business, has plans to buy Dubai Bank and Amlak, two local lenders..............................................Full Article: Source |