ABU DHABI / Agencies Abu Dhabi Commercial Bank (ADCB) reported on Sunday AED1.1 billion in net profit attributable to equity shareholders, marking an 8 percent increase from the AED1.02 billion recorded in the same quarter of 2016. The bank said the rise in profits was driven by healthy volumes and a strong non-interest income combined with a well-managed cost …

  Abu Dhabi / WAM Net foreign and corporate investments at UAE stock markets surged to AED 613 million during April 2017 despite the relative volatility of some stocks over the past four weeks. The increasing liquidity is attributable to the hike in foreign purchases, specially by non-Arabs, which hit AED 4.813 billion in April, with sales for the same …

  SHARJAH / WAM The UAE Ministry of Economy has revealed the signing of a new cooperation agreement with the Korean Intellectual Property Office (KIPO) aimed towards improving the UAE’s patent system. The agreement falls within the framework of completion and implementation of the terms of MoU signed by two parties in October last year. Highly qualified technical experts and …