Emirates NBD profits soar - GN Business - video Dailymotion

The emirate's largest bank's net profits rose 16% in the third quarter of 2018. See more at: http://gulfnews.com/videos

Transcript

00:00Hello and welcome to Gulf News daily business wrap up. Today we had fantastic set of numbers

00:05from Emirates NBD and Commercial Bank International. Emirates NBD's net profit for third quarter

00:11grew 18% to 2.63 billion and that was the reason why the share prices performed positively

00:19on the bourses today. Commercial Bank International net profit rose about 83% to 61 million dirhams.

00:26Today was also the first day of the Global Islamic Economic Summit which had the presence

00:31of Sultan Bin Sayed Al-Mansuri, the UAE Minister of Economy. He gave out specific numbers as

00:37far as Dubai was concerned. He said Dubai's Islamic economy was worth about 33 billion

00:43dirhams. That's about and contributed about 7.6% in 2014 and 8.3% in 2017. This forum

00:56was attended by 3,000 delegates from all over the world. In other news that we are

01:01tracking, the Asian markets were lower on renewed concerns of an escalating trade war

01:08between US and China. Remember yesterday US President Donald Trump said that if talks

01:15between him and Chinese President Xi Jinping fail then he would impose additional duties

01:22on all the remaining Chinese imports by early December.