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Daily Business Wrap - Bank results are looking good in the UAE
Gulf News
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2/12/2025
Emirates NBD, Dubai’s top bank by assets on Wednesday reported a net profit of Dh2.7 billion up 15 per cent year on year and quarter on quarter.
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00:00
Hello and welcome to Gulf News Daily Business Wrap-Up.
00:04
Banking results in the UAE are looking good, contrary to market expectations.
00:08
Emirates NBD, Dubai's biggest bank by asset, reported a 15% increase in net profit.
00:14
Net profit rose 15% to be at 2.7 billion dirhams.
00:18
Revenues rose by 5% to be at 4.71 billion dirhams.
00:22
The bank said that higher than expected profit was because of higher loan growth and steady
00:29
profit margin.
00:30
Netflix, the streaming company, is on the brink of reaching the subscriber mark to 150
00:35
million.
00:36
In the quarter to March 31, the company added about 9.6 million subscribers.
00:41
Contrary to market expectations, they were expecting about an addition of 9 million subscribers.
00:47
Profit rose by 14% to be at $350 million.
00:51
World stocks were eyeing a return to its all-time high as better-than-expected Chinese data
00:57
eased concerns about the health of the global economy.
01:00
Dow Jones Indices was a few hundred points away from its record high.
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