Dubai / Emirates Business During full year 2015, DAMAC recorded revenue of AED 8.54 billion, gross profit of AED5.07 billion. DAMAC recorded net profit for the year at AED 4.51 billion, an increase of 30% compared to 2014. During 2015, its total assets grew 25% to AED 23.45 billion, total equity grew 87% to AED9.83 billion. Gross debt stood at ...

Bloomberg Cold War foes Russia and Pakistan are set to hold their first joint military drills on land, a sign that neighbouring Afghanistan may avoid becoming the site of another proxy war between global powers. Russian President Vladimir Putin, in need of cash, is seeking to shift away from his country’s decades-old relationship with India—which is also buying more weapons ...

Istanbul / AFP Two suspected people smugglers went on trial in Turkey on Thursday charged with causing the death in September of a Syrian toddler the picture of whose lifeless body washed up on a Turkish beach shocked the world. The trial of Syrian nationals Muwafaka Alabash and Asem Alfrhad opened at the criminal court in the western Turkish resort ...