Dubai's largest lender, Emirates NBD has consolidated its investment banking and financial advisory businesses under its Emirates NBD Capital unit and appointed Mohammed Wajid Kamran as general manager of the arm, Reuters has reported, citing an internal bank memo. The bank is one of the major creditors to Dubai World, the state-linked conglomerate that completed a $25bn restructuring in 2010. Emirates NBD posted a 59% fall in third-quarter net profit, widely missing analysts' forecasts, after taking provisions against Dubai Holding

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