ABU DHABI / WAM Twelve UAE national banks reported a total net profit of AED 7.64 billion during Q1 2017, a growth of 6.7 percent from AED 7.16 billion during the same period last year. Citing the state of deceleration now witnessed at the global banking industry, financial sources told the Emirates News Agency (WAM), that the results disclosed …

DUBAI / Emirates Business Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties, on Monday unveiled six new hotel projects as part of its regional and international expansion plans, at the Arabian Travel Market (ATM) 2017. The new hotels and serviced residences in Dubai, Abu Dhabi and Egypt add to a portfolio of upcoming properties under the three …

  DUBAI / WAM Dubai Aerospace Enterprise (DAE) reached an agreement to buy Dublin-based AWAS Aviation Capital Ltd. from UK private equity firm Terra Firma Capital Partners, DAE announced on Monday. The multi-billion deal will propel DAE, one of the Middle East’s biggest plane-leasing companies, into the top rank of global players in the field. The deal will swell the …