Dubai Islamic Bank's (DIB) earnings are in focus after Emirates NBD, its larger rival, posted sharply decreased profits for the quarter.
But while Emirates NBD took precautionary measures to insulate against turbulence from the euro-zone debt crisis and provide for its exposure to Dubai Holding, DIB has more severe troubles to worry investors.
"DIB has got other issues that we're looking at," said Mahin Dissanayake, a financial analyst at Fitch Ratings. "They do have an exposure to Dubai government-related entities, but I suspect provisions will come from retail [lending] and commercial real estate."
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