DUBAI: Emirates NBD, Dubai's largest bank, said on Monday its net profits plunged in the second quarter as it made huge provisions to counter the potential impact of the COVID-19 crisis.
The bank said it has set aside US$1.14 billion in impairments for potential risks from the coronavirus pandemic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore hotels look to woo staycationers with promotions, COVID-19 safety measuresSINGAPORE: Staycation packages with more perks and safety measures that are part of a “new normal” have been put in place by coronavirus-battered ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Analysts: Malaysia walking softly in maritime dispute with China as country needs investment, Covid-19 aidAnalysts say the new government has adopted a more diplomatic stance towards China’s continued claim over Malaysian territorial waters as it was now more dependent on the superpower for trade after Covid-19 wreaked havoc on the world economy.
Source: YahooSG - 🏆 3. / 71 Read more »
Pooled testing okayed in US as way of boosting Covid-19 detectionWASHINGTON (BLOOMBERG) - The US Food and Drug Administration has authorised so-called 'pool testing' for Covid-19, a move aimed at broadening checks for the coronavirus and using fewer testing resources.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Covid-19: In Johor Baru, many businesses grappling with a future without Singaporean customersJOHOR BARU, July 19 — It feels like life has returned to normal in most parts of the country. The traffic jams are back, schools have re-opened and Malaysians are enjoying great discounts at...
Source: YahooSG - 🏆 3. / 71 Read more »
Visa waivers, vouchers, flight discounts and other travel lures in the time of Covid-19
Source: TODAYonline - 🏆 1. / 99 Read more »
Aishwarya Rai and daughter in hospital with COVID-19, media reports sayThis comes days after her husband Abhishek and father-in-law Amitabh Bachchan were admitted with the same condition.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »