Recent Posts

NBQ posts AED96.57 million net profit in Q1

UMM AL QAIWAIN / WAM National Bank of Umm Al-Qaiwain (NBQ) has posted a net profit of AED96.57 million for the three months of the year 2022, the bank said in a statement. Net profit has increased by 26.26% compared to AED76.49 million for three months of previous year due to the improving external environment. Cost to income stood at ...

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Abu Dhabi International Boat Show to kick off in November

  Abu Dhabi / WAM The fourth edition of Abu Dhabi International Boat Show (Adibs) will be held from November 24-27. The event is held under the patronage of His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed Bin Sultan Al Nahyan Charitable and Humanitarian Foundation, and Chairman of Abu Dhabi Sports Council. ...

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Inflation helping Europe’s stores gain on Walmart

Associated British Foods Plc’s Primark is not the only European discounter winning over American shoppers. Research from footfall-analysis company Placer.ai shows that budget grocers Aldi Einkauf SE and German rival Lidl, part of Germany’s Schwarz Group, are gaining traction with US consumers too. This could accelerate further as inflation takes its toll on household spending. And that should worry the ...

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