Bloomberg British retailers suffered their biggest sales decline since 2008 last month as two snowstorms dubbed the “beasts from the east” kept shoppers at home. Comparable sales in midmarket stores dropped 10.1 percent in March, the second-worst month on record, business advisory firm BDO LLP said in its monthly report. Several days of subzero temperatures and extraordinary snowfall disrupted Britain’s ...

ABU DHABI / WAM Deposits of non-residents in UAE Islamic banks increased by AED4.2 billion over the first two months of 2018, bringing up to AED17.058 billion their total savings in Sharia-compliant banks operating in the country until the end of February from around AED12.81 billion in December 2017. The growth in non-residents’ deposits in January and February is a ...

ABU DHABI / Emirates Business Shareholders of Adnoc Distribution, the UAE’s largest fuel and convenience retailer, on Sunday approved a AED 735 million (AED 5.88 fils per share) dividend payment, at the company’s landmark first Annual General Meeting (AGM). HE Dr Sultan Ahmed Al Jaber, Adnoc Distribution Board Chairman, said, “The IPO and recently announced fourth quarter and 2017 full ...