DUBAI / Emirates Business Mashreq, one of the leading financial institutions in the UAE, reported its financial results for the first nine months ending September 30, 2018. The net profit of the lender for the first nine months stood at AED1.7 billion, a 5% increase YoY, while its operating income rose by 3.6% and reached AED4.6 billion. Mashreq’s best- in-class ...

ABU DHABI / WAM The hotel guest night revenues across the Emirate of Abu Dhabi increased 22 percent during July 2018 as compared to June of the same year, according to the Statistics Centre — Abu Dhabi (SCAD) SCAD estimated the YoY growth at 4.5 percent and attributed it to the robust tourist infrastructure boa-sted by Abu Dhabi in terms ...

DUBAI / WAM Essa Kazim, Governor of Dubai International Financial Centre (DIFC), has received Cao Gua-ngjing, Vice-Governor of the People’s Government of the Hubei Province in China. During the visit, the parties discussed collaboration opportunities as part of China’s Belt and Road Initiative. In addition, new areas of growth that would be of interest and benefit to Chinese institutions based ...