DUBAI / EMIRATES BUSINESS Emirates NBD, the UAE’s largest lender, delivered a solid set of financial results with net profit up 8% to AED 5.4 billion for the first nine months of 2016. The operating performance was helped by higher recoveries and a modest increase in total income, driven by higher core fee income and asset growth which offset …

  ABU DHABI / WAM Mohammed Thani Murshid Al Rumaithi, Chairman of the Federation of the UAE Chambers of Commerce and Industry and Chairman of Abu Dhabi Chamber, has with Alexander Efimov, Ambassador of the Russian Federation to the UAE, and discussed boosting cooperation between the Emirate of Abu Dhabi and Russia. Al Rumaithi said that in order to improve …

  Bloomberg SSE Plc, Britain’s second-biggest energy supplier, agreed to sell a 16.7 percent stake in its Scotia Gas Networks distribution business to the Abu Dhabi Investment Authority. The 621 million-pound ($755 million) sale will be completed by the end of this month, SSE said on Monday in an e-mailed statement. The Perth, Scotland-based company, which will keep a 33.3 …