Bloomberg Emirates NBD PJSC posted a 15 percent increase in first-quarter profit as lending rose and margins improved at Dubai’s biggest bank. First-quarter profit rose to AED2.74 billion ($747 million) from AED2.39 billion, the bank said in a statement. The mean estimates of three analysts compiled by the lender was for a profit of AED2.5 billion. The rise in profit ...

Emirates Business Economic activity in the UAE is set to accelerate to 2.2% in 2019, up from an estimated 1.7% in 2018, according to ICAEW’s latest Economic Insight report. This will be buoyed by a pick-up in non-oil activity, rising public spending at the Federal and Emirate levels, higher investment ahead of the highly anticipated Expo 2020 and continued regional ...

Bloomberg Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is considering selling as much as 25 percent of its refinery business in a deal that could fetch at least $10 billion, people with knowledge of the matter said. Reliance is sounding out potential investors including state-owned Saudi Arabian Oil Co (Aramco) to gauge the interest, according to the people, who asked ...