Dubai / WAM The Commercial Bank of Dubai (CBD) on Wednesday reported its financial results for the first half of 2018. H1 profit was AED 561 million, 68.7% higher on the back of a 1.1% increase in operating income and a 5.6% decline in operating expenses. The impairment allowances meanwhile decreased by 35.5%. Operating income increased by 1.1% to AED ...

Bloomberg China vowed to fight back against the Trump administration’s plans to impose tariffs on an additional $200 billion in Chinese goods, escalating a trade war between the world’s two biggest economies. Beijing described the latest US move as “totally unacceptable” bullying, and urged other countries to join China to protect free trade and multilateralism. China promised to lodge complaints ...

DUBAI / WAM Dubai Future Foundation signed an MoU with EY to support Dubai 10X initiative, one of the Foundation’s initiatives. The collaboration with EY will support government organisations to develop their ide-as, to be evaluated by a specialised committee. This is part of DFF’s strategic plans to support Dubai 10X initiative, which aims to propel Dubai into the future, ...