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?
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.
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