DUABI / EMIRATES BUSINESS Emaar Malls, the shopping malls and retail business majority-owned by global property developer Emaar Properties (DFM: EMAAR), has reported first-half (January to June) 2016 net profit of AED 987 million (US$ 269 million), 17 percent higher than the net profit of AED 845 million (US$ 230 million) during the same period last year. Revenue for …

  ABU DHABI / WAM Emirates Telecommunications Group Co. (Etisalat Group) reported a consolidated net profit (after federal royalty) of AED 2.3 billion for the second quarter of 2016, a 51 percent year-on-year rise. “The increase in profit is attributed to lower finance costs, incurring forex gain during the period as compared to forex loss in the same period last …

  DUBAI / Reuters The quality of real estate loans in the United Arab Emirates has continued to improve despite sliding home prices, the International Monetary Fund said, in a sign that the UAE is coping better with a real estate downturn than it did in the last slump seven years ago. The quality of loans to households – a …