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Gulf mostly soften, CIB buoys Egypt

Reuters Major Gulf stock markets softened on Tuesday, in line with a small pull-back by global bourses and oil prices, but Egypt was buoyed for a second day by strength in its biggest bank. The Saudi stock index rose in early trade but closed 0.3 percent down as Saudi British Bank fell 2.2 percent after reporting a 16.3 percent rise ...

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ADSB’s profit almost double

Abu Dhabi / Emirates Business Abu Dhabi Ship Building PJSC (ADSB) has released its financial results for the financial year ended December 31, 2017. The report was accompanied by a statement from the Chief Executive Officer, Dr. Khaled Al Mazrouei, who provided highlights from the successful business year. Overall, 2017 was another positive year for ADSB, as the company surpassed ...

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Emirates to operate first one-off A380 service to Beirut on March 29

DUBAI / Emirates Business For the first time in Rafic Al Hariri International Airport’s history, Emirates will operate a special one-off A380 service to Beirut on March 29. The airline’s flagship double-decker will become the first-ever scheduled A380 service to Beirut, and Emirates is working with the airport to test the operations and necessary infrastructure to accommodate an A380 service. ...

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