DUBAI / Emirates Business The UAE is Hong Kong’s 18th largest trading partner as the total trade value between the UAE and Hong Kong amounted to over $4.7 billion in the first half of 2018. Hong Kong’s total export to the UAE amounted to $2.7 billion and total import value from the UAE reached $2 billion, reveal officials in Dubai. …

DUBAI / WAM Nakheel, a property developer based in Dubai, on Wednesday announced a net profit of AED2.51 billion for the first six months of 2018. ‘‘Nakheel handed over 451 units to customers in the first six months of the year. The company’s non-development businesses — retail, leasing, hospitality and asset management – all performed strongly. Annual revenues from these …

DUBAI / Emirates Business GCC sovereign issuance has had another strong first half, with the sovereign bond transactions of over $30 billion in the hard currency market, according to Fisch Asset Management. The Zurich-based asset manager believes that full-year issuance could surpass last year’s levels and reach $50 billion in 2018. Philipp Good, CEO at Fisch Asset Management, said: “This …