ABU DHABI / WAM Hussein Al Nowais, Chairman of National Petroleum Construction Company (NPCC), a subsidiary of the Senaat Abu Dhabi, announced the company achieved a profit of AED700 million in 2017, an increase of 57% that the previous year, despite impact of low oil prices. Its revenues increased 21% to AED5.7 billion, an indicator of comp- any’s topline performance. …

DUBAI / WAM UPS officially opened its new 32,000 square metre package sorting and delivery facility in the south east of England. At $163 million, the new London Hub is one of UPS’s largest single infrastructure investments outside of the United States in the company’s history. “Every single day, we see evidence of a more inter-connected world of commerce. And …

Bloomberg US stocks advanced as consumer shares got a boost from Macy’s Inc.’s results and Treasuries rebounded from Tuesday’s selloff. The euro fell amid political uncertainty in Italy. The S&P 500 Index pushed above its average price for the past 100 days, with Macy’s results providing more insight into the strength of the American consumer. The 10-year note yield slipped …