Have Gulf finance houses really escaped the global downturn or are they on the edge of a precipice?

Emirates NBD, the UAE's biggest bank by assets, said second-quarter profit jumped 45 per cent on surging loan demand, while several other Gulf banks have suffered Q2 losses. Have Gulf finance houses really escaped the global downturn or are they on the edge of a precipice?

Pages:

Back to the top

Previous article

Etihad sticks with rescheduled flights

Next article

Rooms still vacant for Olympics

Sound & Vision

In pictures: World's most expensive luxury home on wheels in Dubai See Pictures
In Pictures: Highlights from the NBA finals See Pictures
Video: Erdogan unmoved by standing man protest Watch Video
Video: The sound of silence in Turkey Watch Video
Video: World's most expensive luxury home on wheels in Dubai Watch Video
Video: Russia ammo base blasts Watch Video
Video: Afghan forces to take lead over NATO in their own security Watch Video
Video: Russia's Putin torpedoes G8 efforts to push out Assad Watch Video
Video: NSA chief defends spying programs Watch Video

Business

UAE super rich to grow 53% in next decade says global report

Poll

Do you think the UAE should bring in compulsory military service?

Yes - It will help graduates learn skills they would not obtain in formal education. No - Compulsory military service is not for everyone. Not sure - It should be optional, but employers should look favourably to those who have been through military service.

Editor's Picks

Blueprint to expand UAE mobile commerce

bz18-mobile

The UAE Central Bank agrees a roadmap with banks plus Etisalat and du to make a wider range of financial transactions via mobile phone possible. Blueprint to expand UAE mobile commerce

Abu Dhabi faces Emiratisation challenge

bz17-emiratisation

The number of Emiratis employed in government and semi-government positions in Abu Dhabi could swell four times by 2030 to 352,000, estimates an official from the emirate. Abu Dhabi faces Emiratisation challenge

Kingdom Tower: Four Seasons signs hotel deal with world's tallest

tallertower

The Saudi prince funding what is expected to be the world's tallest tower said he had struck a final agreement with Four Seasons to operate the hotel element of the project in Jeddah. Kingdom Tower: Four Seasons signs hotel deal with world's tallest

Masdar inaugurates Seychelles windfarm

bz18-masdar

Masdar has inaugurated a 6 megawatts windfarm in the Seychelles, sufficient to power more than 2,000 homes. Masdar inaugurates Seychelles windfarm

Bids in for Phase 2 of Etihad Rail

bz17-etihadrailNEW

Etihad Rail has turned its attention to the key 628 kilometres of rail lines that will connect Abu Dhabi, Dubai and Al Ain, and run to Ghweifat on the border. Bids in for Phase 2 of Etihad Rail

Blogs

Eight years of YouTube

Sound & Vision

Video: UAE achieves MSCI Emerging Markets status

Video: UAE achieves MSCI Emerging Markets status

Video: UAE's expanding tea trading industry

Video: UAE's expanding tea trading industry

Video: TDIC on the Louvre and Saadiyat Beach Villa project

Video: TDIC on the Louvre and Saadiyat Beach Villa project

Video: Aldar optimistic about key developments

Video: Aldar optimistic about key developments

Events

The Office Exhibition 2013

May 20 - May 23, 2013

To add your event to The National listings, click here

Topics

E-Paper

e-paper

View the paper as it appeared in print

Download the iPad ereader

Here

App
	Keep up to date with the latest news on the move Get your iPhone app here