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Aldar sees 7% jump in net profit of 2019

ABU DHABI / WAM Aldar Properties on Wednesday announced that it reported a 7 percent year on year increase in 2019 net profit to AED1.984 billion, driven by growth across both its development and asset management businesses. According to a statement issued by Aldar on Wednesday, the company’s Board of Directors recommended a cash dividend of AED0.145 per share, representing ...

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Oil rallies amid signs virus spread is easing

Bloomberg Oil extended its rebound above $50 a barrel as tentative signs that Asia’s coronavirus may be easing spurred speculation that the worst of crude’s sell-off could have passed. US futures rallied 2.2% in a second daily gain, having lost about 16% during preceding month amid fears the disease would slash fuel consumption in China. The latest data from the ...

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BOE joins debate on financial rules amid UK-EU Brexit clash

Bloomberg Two top Bank of England (BOE) officials suggested that the UK financial system’s rules may have to diverge from the European Union’s after Brexit — a topic that’s becoming as a major point of contention between the two sides. Outgoing Governor Mark Carney told Parliament that Britain’s view of EU regulation may change over time, especially since it will ...

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