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DUBAI / Emirates Business Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has announced a net profit of AED217 million in Q1 2019, an increase of eight per cent over the same period last year and 220 per cent on last quarter. The Bank’s top-line revenue also rose by eight per cent during the period under review, ...

Bloomberg The Trump administration will renew several key waivers that allow Iran to keep operating a limited civilian nuclear program, a move that heads off a clash with European allies and Tehran over the fate of a 2015 deal that Trump abandoned last year. The US is extending five waivers the administration had previously granted allowing nations that remain in ...

Bloomberg Oil eked out a gain as a forecast-topping US jobs report signalled a strong domestic economy to go along with the supply disruptions squeezing global crude markets. Futures in New York rose 0.2 percent, after unemployment unexpectedly fell to a 49-year low in world’s biggest econ- omy, with cooler-than-projected wage gains. Crude nonetheless recorded a loss for the week ...

Bloomberg Singapore’s Hyflux Ltd, the water and power company battling for survival, said it is in talks with Middle Eastern utility Utico FZC about securing S$400 million ($294 million) of funds, disclosing the identity of the potential investor after receiving a non-binding letter of intent. Hyflux’s legal and financial advisers are in discussions with Utico on the details of the ...

Abu Dhabi / Emirates Business The Abu Dhabi National Oil Company (Adnoc) announced on Saturday, that more than 300 young Emiratis have expressed interest in working for the company during Adnoc Technical Academy’s (ATA) 2nd annual ‘Open Day’, where the prospective students and their families learned how ATA’s training program is equipping its students with the skills and tools needed ...

DUBAI / Emirates Business The Emirates Group announced the appointment of Hana Al Awadhi as Vice President HR, overseeing dnata’s HR Business partnership at dnata Airport Operations in Dubai and accross the world. Hana started her career with Emirates in 2006 as a Human Resources Specialist in HR Business Support department, supporting Emirates Airport Services. Since then, she has progressed ...

Abu Dhabi / Emirates Business Masaood Developments LLC part of the leading Abu Dhabi family-operated Al Masaood Group, announced the launch of a game-changing waterfront apartment complex on Al Reem Island, Abu Dhabi. Azure Al Reem introduces the concept of home ownership to a new audience through a unique and flexible ‘easy to own’ affordable payment plan. It will also ...

Abu Dhabi / Emirates Business Etihad Rail DB, the joint venture company between Etihad Rail, the developer of the UAE’s national railway network and Deutsche Bahn (DB) is set to provide ‘Shadow Operator’ services for Stage Two of the Etihad Rail project. The choice builds on the five years of expertise and Etihad Rail DB’s outstanding success in managing Stage ...

Dubai / Emirates Business Noor Bank, one of the UAE’s leading Shari’ah-compliant bank, launched the exclusive SME World debit card in collaboration with Mastercard – a first-of its-kind product for SMEs. Available to Noor Bank’s Link Premium and Link Infinite customers, the card offers a wide range of business services including IT support services, recruitment facilities and access to corporate ...

NEW YORK / WAM The UAE, in its capacity as the chair of the Group of Member States of the Organisation of Islamic Cooperation (OIC), hosted a dialogue with UN Secretary-General Antonio Guterres on strengthening ties with the Muslim community. The dialogue session, which took place at the UN Headquarters, was entitled ‘Strengthening Ties with the Muslim Community: Promoting Dialogue, ...