DUBAI / WAM Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties PJSC, recorded a net profit of AED2.080 billion ($566 million) in 2017, 11 percent higher than the net profit of AED1.874 billion ($510 million) during 2016. Revenue for full-year 2017 was AED3.629 billion ($988 million), a growth of 12 percent over 2016 revenue of AED3.227 ...

LONDON / Reuters OPEC said on Monday world oil demand would grow faster than expected in 2018 because of a healthy world economy, adding a tailwind to the producer group’s effort to remove a supply glut by cutting output. But the global market will return to balance only towards the end of 2018, no earlier than previously thought, as higher ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) has announced a significant milestone for one of its youngest operating companies, Al Dhafra Petroleum, with a major capital investment to establish facilities and enable oil production from Haliba field, located along the south-east border of Abu Dhabi. Adnoc’s plans to start production from Haliba with an initial capacity ...