Tokyo / AFP The Bank of Japan’s shock negative rate policy is taking a bite out of profits at major banks, with Mitsubishi UFJ on Monday warning over its bottom line. The huge lender said its net profit fell 8.0 percent to 951.4 billion yen ($8.7 billion) in the fiscal year to March, blaming the drop on a slowdown in …

  Our Correspondent / Emirates Business One of the most strategically positioned housing communities located on the picturesque outskirts of Abu Dhabi, Hidd Al Saadiyat has announced commencement of the construction of its private marina. This community boasts of around 1.5 million square meters of natural beachfront land and 7-kilometer of waterfront and the marina construction project, which is awarded …

  RITIKA SHARMA / Emirates Business Summers are in and everyone expects UAE residents to be planning their vacations to some exotic cooler locales, but this year most of them will be staying back, contended industry experts. Tourism and hospitality sector experts vouch that UAE will remain one of the most-preferred choices as the new trend of holidaying within the …