ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.13% to close at 4436.25 points. Accordingly the Market Capitalization has gained AED 0.92 billion attaining AED 721.81 billion. A total of 423.83 Million Shares were traded with a total value of AED 0.57 billion during the trading session of 12-05-2016 through 5051 transactions. The number of companies ...

  Bloomberg Credit Agricole SA reported a 71 percent drop in first-quarter profit, hurt by a decline in consumer lending margins and trading revenue as the bank began a reorganisation to streamline its capital structure. Net income declined to €227 million ($259 million) from €784 million a year earlier, Credit Agricole, based near Paris, said in a statement on Thursday. ...

  Reuters Bahrain-based Al Baraka Banking Group will establish a banking unit in Morocco once it receives approval from local authorities, the Islamic lender said in a statement, adding it aimed to launch the new business soon. The bank, which has operations across the Middle East, Asia and Africa, said entry to the Morocco market would significantly help diversify assets ...