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Adidas soars to record as China, e-commerce bring relief

Bloomberg Adidas AG shares soared to a record as the German sportswear giant tapped the marketing power of soccer star Lionel Messi and celebrities like Kanye West to boost sales in China, extending its half-decade hot streak. The German sports apparel maker benefited from double-digit growth in the Asian nation in the first quarter, compensating for weakness in Europe and ...

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Emaar Properties sales soar 53% to AED5.98bn in Q1

DUBAI / Emirates Business Emaar Properties achieved one of the highest quarterly property sales in Dubai during the first quarter (January to March) of 2019 recording an increase of 53 percent to AED5.979 billion ($1.628 billion) compared to the Q1 2018 sales of AED3.906 billion ($1.063 billion). The sales to international customers more than doubled in Q1 2019 to AED2.645 ...

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Air Arabia posts 16% rise in Q1 net profit

Sharjah / Emirates Business Air Arabia on Sunday reported strong financial results for the first quarter (January to March) 2019 as the Middle East & North Africa’s first and largest low-cost carrier continued to deliver solid commercial and operational results. Air Arabia reported a net profit of AED128 million for the three months ending March 31, 2019, a 16 percent ...

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