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Emerging markets swing amid political volatility

  Bloomberg Emerging-market stocks swung between gains and losses as investors assessed prospects for global growth and political risks. Equity benchmarks in Hong Kong and India fell at least 0.5 percent, while shares in Brazil gained for a second day before a Senate vote on impeaching the president. In Turkey, the lira fell for a fourth day amid signs President ...

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UAE at GCC development meet in Riyadh

  RIYADH / WAM The UAE has participated in the 26th meeting of the GCC Ministerial Committee for Planning and Development held today in Riyadh. In the meeting the ways to enhance integration and co-ordination in the planning and development fields among GCC member states were discussed. The participants also discussed a number of issues related to joint work and ...

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ADNIC nets AED39mn profit

ABU DHABI / EMIRATES BUSINESS Abu Dhabi National Insurance Company (ADNIC) announced on Wednesday its financial results for the first quarter, ended March 31. The Company reported a net profit of AED 39 million for this period, a growth of 670% over the same period of last year. The Company’s net investment income contributed 22.5 million towards the bottom-line profit ...

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