Bloomberg Emirates NBD PJSC reported a better-than-expected increase in full-year profit as lending rose and loan loss charges fell at Dubai’s biggest bank. The 2018 full-year net income reached AED10.04 billion ($2.73 billion), an increase of 20 percent from AED8.35 billion the previous year. The total income amounted to AED17.4 billion. The bank’s net interest income and the non-interest income ...

ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S), the marine and logistics subsidiary of the Abu Dhabi National Oil Company (Adnoc), announced that it has reduced fuel consumption and carbon emissions by 23% across a fleet of 27 vessels. The ‘Al Daffah Energy Efficiency Project’ is one of many ongoing initiatives by the shipping and logistics giant to ...

SHARJAH / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, stated that the ties between both the UAE and Kosovo are historically strong, which extend ba-ck to time of UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. He remarked that these ties grew into an integrated economic partnership, which resulted in ground-breaking agreements on the avoidance ...