Daria Solovieva / Bloomberg Gulf Arab equities trimmed their worst January in seven years after oil capped its second weekly advance. Dubai’s DFM General Index led gains in the region, climbing to the highest in more than three weeks as the number of shares traded was almost double the six-month average. Abu Dhabi’s ADX General Index had the biggest increase ...

DUBAI / WAM The UAE Cabinet retreat on post-oil phase concluded on Sunday. Federal and local government officials took part in the retreat and discussed ideas and initiatives that will contribute in diversifying the UAE’s economy and ensuring its sustainability. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness ...

Dubai / Bloomberg First Gulf Bank (FGB) PJSC reported a better-than- expected six percent rise in full-year profit as the United Arab Emirates’ third-biggest bank was helped by non-operating income. Net income advanced to 6.01 billion dirhams ($1.64 billion) from 5.66 billion a year earlier, the Abu Dhabi-based lender said in an e-mailed statement on Sunday. The mean estimate of ...