Bloomberg Kenya Airways Ltd.’s court-ordered reinstatement of its former finance director threatens to undermine the newly appointed chief executive officer’s bid to overhaul the debt-laden carrier. Alex Mbugua, who was dismissed in January 2016, won a High Court bid to be allowed to return to work or be paid three years’ salary plus compensation. His reinstatement was ordered four days ...

Dubai / WAM Emaar Properties on Sunday reported a significant year-on-year increase in both profits and Dubai property sales in the period from January until the end of September. The property recorded AED4.347 billion ($1.184 billion) in net profits in the first nine months of 2017, up 20 percent from AED3.620 billion ($986 million) during the corresponding period of 2016. ...

ABU DHABI / WAM A total of AED13.2 billion worth of purchase and sales transactions in shares of First Abu Dhabi Bank (FAB) have been conducted since the merger of the National Bank of Abu Dhabi and First Gulf Bank in April 2017 to create one of the region’s largest banking entities. FAB deals accounted for 17.3 percent of total ...