ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.52% to close at 4657.72 points. Accordingly the Market Capitalization has lost AED 3.94 billion attaining AED 755.54 billion. A total of 473.66 Million Shares were traded with a total value of AED 0.77 billion during the trading session of 27-04-2016 through 6667 transactions. The number of companies ...

  Bloomberg Iron ore forecasts for the five years through 2020 have been revised higher by the World Bank after the commodity rallied in the first quarter on a surge in steel prices in China, the largest user. The raw material is expected to trade at $50 a metric ton this year, $51.50 in 2017 and extend gains to $56.20 ...

  ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, on Wednesday announced its strongest annual financial results to date, with a net profit of US$103 million on total revenues of US$ 9.02 billion. The performance, which marked the airline’s fifth consecutive year of net profitability, also saw earnings before interest and tax, EBIT, of ...