DUBAI / WAM Union Coop, reported a 20 percent growth in net profit for the first half of 2019, compared to the previous year. The net profit for 2018 was AED237.7 million, whereas 2019 reported AED284.6 million net profit, which is a surge of AED46.9 million. CEO of Union Coop – Khalid Humaid Bin Diban Al Falasi said, “The increase ...

Bloomberg Chinese ride-hailing giant Didi Chuxing launched new financial services in Brazil and Mexico as it expands in Latin America and again confronts Uber Technologies Inc. The privately-held company, which was last valued at $56 billion and facilitates 30 million rides a day, said it would partner with financial institutions to offer drivers in Mexico and Brazil a bank card ...

Bloomberg Emami Group, an Indian conglomerate that runs businesses from cosmetics to a paper mill, has picked Arpwood Capital Ltd and Credit Suisse Group AG to manage the sale of its cement unit, people familiar with the matter said. The bankers will start reaching out to prospective buyers for Emami Cement Ltd, seeking a valuation of about $1 billion, one ...