Bloomberg Industrial & Commercial Bank of China Ltd., (ICBC) the world’s largest lender by assets, reported its strongest quarterly profit growth in two years as soured credit and lending margins stabilized amid an uptick in the economy. Net income rose 1.4 percent to 75.79 billion yuan ($11 billion) in the three months ended March 31 from 74.76 billion yuan ...

  ABU DHABI / WAM The statistics by the UAE Central Bank affirmed improved operating efficiency, with public sector deposits up by AED23.8 billion at the end of Q1 2017, while the private sector deposits stood at AED17.6 billion over the same period, bringing to AED41.4 billion ($11.27bn) the two sectors’ total deposits. Credits offered to the trade and industrial ...

  Dubai / Agencies The estimated value of the building and construction industry in the Middle East and North Africa (MENA) region is expected to surge to US$336 billion by the year 2020, according to recent business reports. Thermal insulation technologies provide efficient solutions conducive to increasing the value of the industry in MENA from $235 billion in 2016 to ...