Emirates Business Arab Bank Group announced its 2016 results reporting a growth of 20% in net profits. Net operating income before provisions and taxes exceeded US$1.1 billion, whilst the Group’s net profit after tax reached $533 million for the year 2016 as compared to US $ 442 million for 2015. Excluding the effect of foreign currency devaluations, the Bank ...

Bloomberg After years of lagging behind London on spawning financial technology startups, Paris this week hosted a show of force aimed at proving the French capital can catch up as more than 1,500 bankers, investors and entrepreneurs gathered. The Paris Fintech Forum, which took place in the old bourse’s temple-like building, tripled its turnout from last year. With the UK’s ...

  Bloomberg Tesco Plc agreed to buy Booker Group Plc for about 3.7 billion pounds ($4.6 billion), pooling the UK’s biggest supermarket chain with the No. 1 food wholesaler and gaining access to the fast-growing market to supply restaurants and hotels. The grocer said it will pay a mixture of cash and shares worth 12 percent more than at Thursday’s ...