Dubai / Emirates Business Dubai private sector companies indicated a sustained recovery in growth momentum from the survey-record low experienced in February. At 52.7 in April, up slightly from 52.5 in March, the seasonally adjusted Emirates NBD Dubai Economy Tracker Index highlighted the fastest improvement in overall business conditions since November 2015. The headline index has now posted above …

  SHARJAH / WAM Air Arabia on Monday reported a net profit of AED114 million for the three months ending March 31, 2016, which is 34 percent higher than the corresponding 2015 figure of AED85 million. In the same period, the airline posted a turnover of AED946 million, an increase of 7 percent on AED886 million in the first quarter …

  ABU DHABI / WAM Ahmed Mohammed Al Kaabi, Energy Ministry’s Assistant under-secretary for Oil, Gas and Mineral Resources, has been named as the UAE’s Governor for the Organisation of Petroleum Exporting Countries (OPEC). Al Kaabi enjoys a vast experience in oil market economics and OPEC operations. Prior to joining the Energy Ministry, Al Kaabi worked as Director of ADNOC’s office …