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Tabreed’s net profit reaches AED 160.5mn in first half

  Abu Dhabi / Emirates Business National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based district cooling utility infrastructure company, today released its 2016 first half consolidated financial results. The company continues to deliver a consistent performance driven by its core chilled water business and its strong regional presence. Waleed Al Mokarrab Al Muhairi, Tabreed’s Chairman, said: “As a ...

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Rasasi redefines luxury retail experience at City Centre Deira

  Dubai / Emirates Business Renowned Middle Eastern perfume brand Rasasi is set to introduce a new benchmark in consumer experience, by embarking on a thoroughly elegant redesign of its flagship store in City Centre Deira. To elevate the shopping experience of Rasasi customers, the innovative store introduces a sophisticated design to create an exceptional and imaginative translation of the ...

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Lloyds to cut 3,000 jobs in expense push

  Bloomberg Lloyds Banking Group Plc will cut a further 3,000 jobs as it warned Britain’s vote to leave the European Union would hurt its ability to boost dividend payments. Pretax profit, excluding one-time items, fell to 4.16 billion pounds ($5.5 billion) in the first half of the year, from 4.27 billion pounds a year ago, the London-based bank said ...

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