DUBAI / EMIRATES BUSINESS Dubai Financial Group (‘DFG’), a subsidiary of Dubai Group, has sold its 11.8% interest in EFG-Hermes Holding Company S.A E (“EFG”) to Natixis Group (“Natixis”). A European banking leader, Natixis has an extensive international presence with offices in Europe, the Americas, Africa, Asia and Australia. Fadel Al Ali, Chairman, Dubai Group, commented: “The sale of ...

  RAS AL-KHAIMAH / WAM Gulf Pharmaceutical Industries, Julphar, announced sales revenue of AED759.7 million in the first half of this year. The company posted a gross profit of AED465.7 million and its net profit for the period was AED133.8 million. Dr Ayman Sahli, Chief Executive Officer at Julphar said, “We have accomplished significant progress. We have launched the real-time ...

  Bloomberg Emerging-market stocks posted the longest streak of weekly gains since Russia’s Crimean invasion ended a similar run in March 2014, on signs corporate earnings are recovering as central banks extend measures to support economic growth. Chinese shares rallied the most in a month as property companies advanced on speculation merger deals will accelerate. Hungary led gains in eastern ...