ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.12% to close at 4636.94 points. Accordingly the Market Capitalization has gained AED 0.92 billion attaining AED 752.17 billion. A total of 486.95 Million Shares were traded with a total value of AED 0.58 billion during the trading session of 17-04-2016 through 6161 transactions. The number of companies ...

  Reuters Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 32.8 percent rise in first-quarter net profit on Sunday, beating analyst forecasts as it cut wage costs and fee income increased. The bank made a profit of 2.02 billion riyals ($538.7 million) in the three months to March 31, up from 1.52 billion riyals in the same ...

  Budapest / Reuters The scope for further cuts in the National Bank of Hungary’s record-low 1.2 percent base rate is increasingly limited, central bank Managing Director Barnabas Virag was quoted as saying on Saturday. “The room to further reduce the central bank’s base rate is increasingly limited,” Virag, who is not a rate-setter but is in charge of monetary ...