DUBAI / WAM National Bank of Fujairah (NBF) announced that it achieved to AED145.4 million in net profits in Q1 2018, with 15.3 percent rise compared to AED126.1 million in the corresponding period of 2017. Easa Saleh Al Gurg, NBF Deputy Chairman, said, “This reflects solid core business growth and proactive asset and liability management, the bank said in statement. ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) celebrated the joining of Shuaa Capital’s brokerage subsidiary ‘Integrated Securities’ to the list of companies providing the technical short selling (TSS) service at the exchange. This makes Integrated Securities the third company to provide such service on the ADX. The ceremony included ringing of the opening bell on the ADX trading ...

Dubai / Emirates Business Muslim travellers will spend $157 billion by 2020, driven by millennial travellers and the top outbound market remains Saudi Arabia, which will grow 17 percent over the next three years alone, to reach $27.9 billion. The figures were released during Arabian Travel Market’s Global Halal Tourism Summit 2018, which was held at the Dubai World Trade ...