Net profit of Dubai developer Deyaar fell 69.5% y/y in Q2.
The net profit of Dubai developer Deyaar fell 69.5% y/y to reach AED 75.4mn in Q2 this year, as the emirate's real estate sector continued to suffer a sharp slowdown, the company said in a statement.
The net profit of Emirates NBD dropped by 41% y/y to AED 852mn in Q2 this year 'due to the prudent credit impairment allowances taken by the bank during the year, the bank's CEO Rick Pudner, said.