DUBAI / WAM Gulf Navigation Holding has posted a net profit of AED8.8 million ($2.4 million) in the first quarter, Q1, of 2017, an increase of 39 percent compared to AED6.3 million ($1.7 million) in the same period last year. The Dubai-based company, listed on the Dubai Financial Market under the ticker ‘GULFNAV’, said in an announcement that it has …

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC) announced the expansion of its partnership model to span the group’s entire value chain as well as the more active management of its portfolio of assets. The new initiative builds on ADNOC’s flexible operating model and its 2030 growth strategy, enabling it to unlock and maximise significant value from …

Dubai / WAM Emirates NBD announced that it will provide clearing member services to its subsidiary, Emirates NBD Securities, making the brokerage firm, the first trading member to sign with the bank. The announcement follows Securities and Commodities Authority (SCA), UAE’s approval of Emirates NBD as its first general clearing member providing clearing and settlement services to trading participants of …