SHARJAH / WAM Sharjah Islamic Bank (SIB), achieved good results for the full year of 2018 and declared a net profit of AED510.4 million compared to AED477.7 million reported in 2017, showing an increase of 7 percent. An 8 percent cash dividend is proposed for the shareholders. These results reflect the success of the bank’s strategy to achieve steady and ...

Dubai / WAM Adnoc Distribution, the UAE’s largest fuel and convenience retailer, on Wednesday celebrated the opening of its first three service stations in the Emirate of Dubai, located in Dubai Investment Park (DIP), Umm Eselay and Al Qusais. Adnoc Distribution operates in all seven Emirates. An opening celebration, held at the DIP station, was attended by Adnoc Distribution Acting ...

Bloomberg FedEx Corp, looking beyond Amazon.com Inc for growth in e-commerce, is introducing a new late-night shipping option for retailers who want to speedily send orders directly to online customers. The program will offer retailers the option to deliver items the next day when they are purchased online as late as midnight, said Brie Carere, FedEx’s chief marketing officer. Less ...

Bloomberg The 35-day partial government shutdown could spur early retirements among the already thin ranks of air traffic controllers and may postpone adoption of critical satellite-based aircraft navigation, a union official warned. It will take years to recover from the disruptions that resulted from people being kept off the job while safety-critical employees like controllers had to work without pay, ...

Bloomberg Shoprite Holdings Ltd shares slumped the most since 1999 after Africa’s biggest grocer said first-half earnings dropped as much as 26 percent, with South African food deflation and IT troubles compounding weakness in the rest of the continent. Headline earnings per share declined between 16 percent and 26 percent to as little as 3.89 rand, the Cape Town-based supermarket ...

Bloomberg United Continental Holdings Inc. is dropping the fee to watch DirecTV live television and films on jets equipped with the service. Free television will now be available on 211 of United’s Boeing Co. single-aisle 737s, United said in a statement on Wednesday. Like most of its rivals, the airline also offers free streamed content across its fleet even as ...

Bloomberg Boeing Co. executives are closing in on one of their most important decisions of the decade: whether to plow an estimated $15 billion into a new jetliner family. The aircraft nicknamed the 797 would feature Boeing’s first all-new design since the 787 Dreamliner’s unveiling in 2004, while shoring up its product line against recent Airbus SE advances. The European ...

Bloomberg Chinese executives are sounding warning bells over the world’s second-largest economy. At least 20 companies, including China Life Insurance Co. and Chongqing Changan Automobile Co., told investors that full-year earnings would fall well short of expectations. Reasons they cited included the country’s economic slowdown, as well as recent changes to accounting rules and the equity market’s $2.3 trillion rout ...

Bloomberg China’s weakening economy is roiling export markets in the rest of Asia — and there’s more pain to come. From Hong Kong to Japan, exports data for December showed a marked downturn as supply-chain disruptions triggered by US-China tensions and a cyclical slowdown in the world economy, led by China, hit the trade-reliant region. More bad news is in ...

Bloomberg Fallen auto titan Carlos Ghosn said his arrest for alleged financial crimes was the result of a “plot” against him by Nissan Motor Co. executives trying to prevent the Japanese carmaker’s deeper integration with Renault SA. There was a plan to combine Nissan with Renault and third partner Mitsubishi Motors Corp., Ghosn told Japan’s Nikkei newspaper in his first ...