Bloomberg Kraft Heinz Co. shares sank in late trading on Thursday after the packaged-food company posted quarterly profit that missed estimates, dragged down by sluggish sales growth and higher costs. Earnings per share were 78 cents in the quarter, excluding some items, trailing the average analysts’ estimate of 81 cents. Adjusted EBITDA in the key US region was down 16 …

ABU DHABI / WAM Non-resident deposits acr-oss UAE’s banking system reported solid growth during first nine months of ye-ar, with their growth outst- ripping retail loans provided to non-residents by AED63 billion by end of Q3. The expansion in banks’ holdings of deposits corroborates investor confidence in the UAE banking sector, reckoned the first in the region in terms of …

Emirates Business Emirates NBD Purchasing Managers’ Index (PMI) — a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy — released its October data. Non-oil private sector companies in the UAE reported another sharp increase in new business during October. Anecdotal evidence suggested that promotional activity was partly linked to the improvement. …