|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||3.4300 - 3.6500|
|52-week range||2.7350 - 8.7700|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||0.20|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 May 2020|
|1y target est||N/A|
A relaxation of coronavirus curbs in the United Arab Emirates has boosted volumes at Dubai-based payments processor Network International, its CEO said, but tourist-related spending will take longer to recover. The COVID-19 pandemic weighed on Network's performance in the first half of the year, CEO Simon Haslam told Reuters. The United Arab Emirates - the company's main market in the Middle East - has eased strict coronavirus lockdown measures over the last few months and Dubai, the UAE city-state that relies heavily on tourism for its economy, re-opened to foreign visitors in July.
Dubai's biggest lender Emirates NBD <ENBD.DU> reported a 15% drop in fourth-quarter earnings on Monday, below analysts' forecasts, on a jump in impairment charges, sending its shares down around 1%. The bank booked impairment charges of 2.06 billion dirhams ($560.88 million) in the quarter, up more than three times from a year earlier due to higher bad debt charges as it consolidated results of newly acquired Turkish lender DenizBank. Banks in the United Arab Emirates (UAE) are bracing for more writedowns from the real sector amid a downturn, especially in the Dubai property market.