DUBAI / WAM Dubai trade with South Korea grew eight percent from AED 25.3 billion in 2016 to AED 27.4 billion in 2017, standing at AED8.7 billion during first six months of 2018. The figures were revealed during a meeting between Ahmed Mahboob Musabih, Director of Dubai Customs, and a South Korean delegation led by the Consul-General in Dubai, Chun ...

DUBAI / WAM Emirates Islamic bank has delivered a strong set of financial results for the period ended on September 30. The bank’s net profit increased by 32 percent year-on-year reaching AED657 million, and total income (net of customers’ share of profit and distribution to sukuk holders) increased by two percent year-on-year to AED1.8 billion. Financing and investing receivables at ...

Bloomberg Oil slid to a two-month low as escalating US-China trade tensions imperiled global growth at a time when American crude inventories are swelling. Futures declined as much as 2.6 percent in New York on Tuesday. The US is preparing another round of tariffs on Chinese imports if talks between the presidents of the world’s two largest econo-mies falter. Meanwhile, ...