DUBAI / Emirates Business Mashreq, one of the leading financial institutions in the UAE, on Wednesday reported its financial results for the first half ending on June 30. The operating income is up by 3.7% and stands at AED 3.1 billion. Net profit for the first half stood at AED1.2 billion — a 5.2% increase YoY. The impairment allowance is ...

DUBAI / WAM Dubai developer Emaar has announced plans to build the Middle East’s largest Chinatown within the retail district of its mega development Dubai Creek Harbour. Emaar’s announcement comes ahead of the visit of Chinese President Xi Jinping to the UAE on Thursday and will further strengthen UAE-China relations. The retail precinct will occupy a central location within the ...

DUBAI / Emirates Buisness Sharjah Investment and Development Authority (Shurooq) signed an exclusive partnership agreement with Abu Dhabi’s Injazat Data Systems, the Middle East’s leading specialists in information technology and digital transformation, to introduce the latter’s services in the Emirate of Sharjah. Shurooq will promote Injazat — a wholly owned subsidiary of Mubadala, the investment arm of the Abu Dhabi ...