#Dubai's biggest bank shrugs off slow economy as profits surge

Dubai's biggest bank shrugs off slow economy as profits surge:

Emirates NBD, Dubai’s biggest bank, reported a 15 percent increase in first-quarter profit on Wednesday as overall lending and margins gained.

Both loans and deposits rose as improved margins helped to offset an increase in provisions and operating costs.

The stock closed 0.4 percent lower on Wednesday after gaining more than 18 percent this month.