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FedEx says it will keep NRA discounts despite calls for boycott

Bloomberg FedEx Corp. is maintaining discounts for members of the National Rifle Association, even as calls for a boycott mount on social media after a deadly school shooting in Florida. The courier said it “has never set or changed rates for any of our millions of customers around the world in response to their politics, beliefs or positions on issues.” ...

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EGA profit surges 59%

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Tuesday reported net profit for 2017 of AED3.3 billion ($900 million), a 59 percent increase on 2016. EGA’s revenue increased to AED20.5 billion in 2017 compared to AED17.1 billion in 2016. Adjusted EBITDA stood at AED6.7 billion, an increase of 31 percent from AED5.1 billion in 2016. EGA’s adjusted EBITDA margin ...

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Empower pays AED400 million in dividends

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has announced that it has paid AED400 million as dividends to its shareholders, from the profit of the company for the year ended on December 31, 2017. The company has earlier declared a net profit of AED 772mn in 2017, an increase of 20% ...

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