Emirates Business The National Bank of Ras Al-Khaimah (Rakbank) announced a consolidated net profit of AED534.7 million for the nine-month period ended September 30, compared to the net profit of AED438.6 million for the same period last year. The total assets during the period equated to AED54.5 billion, increasing by 4.1% year-on-year and by 3.3% year-to-date. There are several factors ...

DUBAI / WAM Dubai CommerCity, the first and leading e-commerce free zone in the region, has signed a strategic Memorandum of Understanding (MoU) with Mashreq, one of the leading financial institutions in the UAE. The MoU aims to offer small to medium enterprises (SME) with the ideal ecosystem for setting up their e-commerce business, through providing them with access to ...

Dubai / WAM DP World Limited has handled 58.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first nine months of 2021, with gross container volumes increasing by 11.9 percent year-on-year on a reported basis and up 11.4 percent on a like-for-like basis. On a Q3 2021 basis, DP World handled 19.8 million TEU, ...