ABU DHABI / WAM The combined net profits of 18 national banks listed on the country’s financial markets rose to AED24.5 billion in the first half of 2019, compared to AED21 billion in the same period of 2018, an increase of 16.6 percent. These statistics reflect the solidity of the UAE’s banking sector, despite the slowdown faced by its counterparts ...

Bloomberg US technology companies would pay an additional $1 billion a month or more in tariffs if President Donald Trump follows through on his threat to impose duties on additional Chinese imports next month, a trade group said. Trump said last week that he plans to add a 10 percent tariff on essentially all remaining Chinese imports — a category ...

ABU DHABI / WAM Abu Dhabi National Takaful (ADNTC) announced a combined net profit of AED65.4 million in H1, achieving significant growth of 35 percent compared to AED48.5 million for same period last year. According to financial results as at end of second quarter on June 30, the underwriting profit reached AED46 million showing an increase of 27 percent compared ...