DUBAI / WAM Nakheel on Wednesday announced a net profit of AED3.91 billion for the first nine months of 2016, an increase of 8.3 percent on the profit of AED3.61 billion in the same period last year. The company recorded a net profit of AED955 million for third quarter of 2016, 22 percent up on Q3 2015 profit of …

  Bloomberg Saudi Arabia plans to raise $17.5 billion in the biggest ever bond sale from an emerging-market nation, according to four people with knowledge of the offering, as it seeks to shore up finances. The government aims to sell dollar-denominated bonds due in five years yielding 135 basis points more than similar-maturity US Treasuries, 10-year notes at a spread …

  SHANGHAI / WAM Abu Dhabi and Shanghai will bolster economic co-operation in trade, investment and technology transfer, after the parties signed a Memorandum of Understanding (MoU). Khalifa bin Salem Al Mansouri, Acting Under-Secretary of ADDED, and Gen Shing Meng, Vice Secretary-General of Shanghai Government, witnessed the signing, and later discussed means of promoting economic and investment relations between Shanghai …