Overview
- Emirates NBD’s Q3 net profit rose 23% to AED 6.4 billion as loans grew 19% year to date and deposits 14%, with nine‑month revenue up 12% to AED 36.7 billion; the bank raised its full‑year loan growth guidance and expects its $3 billion RBL stake to close by the end of Q2 next year.
- Abu Dhabi Islamic Bank reported nine‑month net profit of AED 5.3 billion, up 15%, with assets at AED 270 billion, financing up 26% and deposits up 23%; Bank of Sharjah’s nine‑month profit climbed 47% to AED 435 million as net interest income rose 60% and cost‑to‑income improved to 29.9%.
- Dubai Financial Market closed at 6,016 points, up 0.7%, with non‑Arab foreign investors net buying AED 166 million and total turnover at AED 787 million as banking and property shares advanced.
- General Motors raised its 2025 adjusted earnings outlook to $12–13 billion and trimmed expected tariff impact to $3.5–4.5 billion, prompting a 15% jump in the stock after reporting Q3 results.
- Tesla posted record Q3 revenue of $28.1 billion but earnings per share of $0.50 missed the $0.55 consensus, citing tariff costs, higher R&D and fading regulatory credits; the shares fell about 4% after hours.