- DUBAI: Emirates NBD, one of the Gulf banks most exposed to indebted Dubai World, missed analysts' forecasts as its quarterly profit more than halved due to higher bad loan provisions.
ENBD, the biggest bank by assets in the United Arab Emirates, posted a 53-percent fall in second-quarter profit to 398 million dirhams ($108.4 million) from 852 million dirhams in the same quarter in 2009.