George Mason University economist Tyler Cowen has an intriguing blog post asking a deceptively simple question: You are an investor with $10 million planning to cash out in 20 years. A genie appears and offers to send you the price of one but only one asset 20 years from now to inform your investment decisions (a stock, currency pair, commodity, ...

ABU DHABI / EMIRATES BUSINESS Abu Dhabi Islamic Bank (ADIB) has reported a net profit of AED 1,934 million for 2015, a 10.5 percent increase from a year earlier. The number of customers increased by over 100,000. This reflects the continued growth of ADIB’s main banking activities across all customer segments, particularly its ongoing penetration and targeting of the UAE’s ...

FUJAIRAH / WAM National Bank of Fujairah (NBF) announced the donation of AED150, 000 to The Angel Appeal, a charitable initiative supporting seafarers anchored off the coast of Fujairah. This is the fourth consecutive year that the bank has reiterated its commitment to the relief programme, further underscoring its ongoing support of the local community. The Angel Appeal is an ...