DUBAI / WAM Emirates NBD has announced that it delivered a strong set of results with net profit up 44% y-o-y to AED14.5 billion in 2019. According to a press statement issued by the bank on Monday, net interest income increased 26% due to loan growth and non-interest income grew 38% due to higher foreign exchange and credit card related ...

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has issued compensation of AED9 million to those affected by the recent rain in the Emirate. A committee was established under Sheikh Saud’s directions, including the directors of several departments and local bodies in the Emirate, to assess the ...

DUBAI / Emirates Business Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, reported a net profit of AED871 million in 2019, representing a remarkable increase of 8.3% year-over-year (YoY). The company has achieved a total revenue of AED2.19 Bn an increase of 7.9% YoY. Commenting on Empower’s financial results at the annual press conference, Ahmad ...