Dubai / EMIRATES BUSINESS Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, released its audited financial results for full year ended 31 December 2015, which says net profit from continuing operations increased by 29% to AED 3.3 billion

ABU DHABI / WAM The Board of Directors of the Emirates Telecommunications Group Company, ‘Etisalat Group’, appointed Saleh Abdullah Al Abdooli as Chief Executive Officer of Etisalat Group. With the restructuring, Al Abdooli will now manage the company’s international operations as well as the local UAE operations. Al Abdooli has over 25 years of experience in the telecom sector

DUBAI / WAM The Dubai Commodities Clearing Corporation (DCCC), the central counter-party (CCP) for the Dubai Gold & Commodities Exchange (DGCX), announced that Clearing members will now be able to deposit cash collateral to the Corporation in the form of Euro, UK Pound (GBP) and Japanese Yen (JPY) in addition to UAE Dirhams (AED) and US dollars.