ABU DHABI / Reuters Abu Dhabi Commercial Bank (ADCB) posted a 7 percent rise in fourth-quarter net profit on Sunday, bolstered by a rise in net interest and Islamic financing income. The emirate’s second-largest bank by assets made a net profit attributable to shareholders of AED1.07 billion ($291.3 million) in the three months to December 31, compared to AED 1.0 ...

DAVOS / WAM Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Middle East and North Africa Regional Business Council (MENA-RBC) has taken part in a panel discussion titled ‘Going Digital in the Arab World’, highlighting innovative approaches and landmark initiatives being implemented by the UAE and other Arab countries to harness the benefits of the Fourth Industrial Revolution. The ...

DUBAI / WAM The Roads and Transport Authority (RTA) revealed that the number of taxi fare transactions recorded by the Dubai Taxi Corporation and franchise companies, and paid through NoL and credit cards in 2017 reached 2,213,234 transactions. The number reflects an increase of about 731% from the level of transactions clocked last year, which amounted to 266,330 transactions. Adel ...