Emirates NBD profits soar - GN Business
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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.