Bloomberg Tapestry Inc rose after posting strong sales at its Coach brand while the struggling Kate Spade unit’s results weren’t as bad as expected. Still, the company said its full-year forecast will be negatively impacted by the coronavirus. Coach same-store sales grew 2% worldwide in the second quarter, topping the 1% average of analysts’ estimates, according to Consensus Metrix. Kate ...

FUJAIRAH / WAM The National Bank of Fujairah (NBF), on Sunday reported its full year financial results for the year ended 31st December 2019, announcing a net profit of AED552.2 million. The bank also announced in a press statement a total comprehensive income of AED611.5 million, up 4.5 percent compared to AED585.4 million in 2018, as a result of improved ...

Bloomberg Saudi Arabia’s main stock index dropped for a third day, finishing below a mark it has held since December, as the coronavirus reduces demand for oil. The Tadawul index fell 1.3%, the most among major gauges in the Middle East and below its 100-day moving average for the first time this year. State oil producer Saudi Aramco retreated as ...

DUBAI / WAM Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded a five percent increase in revenue to AED4.673 billion, compared to AED4.446 billion in 2018. The company revealed in a statement that overall net profit in 2019 amounted to AED2.286 billion, similar to net profit for 2018 of AED2.230 billion. Revenue grew by four ...

Bloomberg Lockheed Martin Corp and Raytheon Co. are among more than 70 international aviation companies withdrawing from Asia’s largest aerospace and defense conference in Singapore as concerns mount over the new coronavirus outbreak. Organiser Experia Events said the airshow which starts on February 11 will continue as planned, and companies that had pulled out represent less than 8% of participants. ...

Bloomberg Libya’s battered economy took center stage at United Nations-backed talks on ending the conflict, as a blockade that slashed the Opec nation’s vital oil output entered a fourth week. The two-day meeting in Cairo is being closely monitored for any sign of a deal to restore output in the North African nation after supporters of eastern commander Khalifa Haftar ...

DUBAI / WAM The first official Expo 2020 Dubai retail store is now open, offering an array of event-branded gifts, souvenirs and memorabilia, including the hugely popular Expo wristbands, camel soap and apparel made from plastic recycled in the UAE. Featuring appearances from Expo 2020’s mascots and with a number of events planned over the coming months, the dedicated Expo ...

Abu Dhabi / WAM The UAE on Sunday celebrated the participation of its brave sons in the Arab Coalition Forces in Yemen. The ceremony was attended by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

Dubai / WAM The National Bank of Fujairah (NBF) on Sunday reported its full year financial results for the year ended 31st December 2019, announcing a net profit of AED552.2 million. The bank also announced in a press statement a total comprehensive income of AED611.5 million, up 4.5 percent compared to AED585.4 million in 2018, as a result of improved ...

ABU DHABI / WAM Abu Dhabi Airports has partnered with the Etihad Aviation Group (EAG) to begin training 17,000 employees to operate the new Midfield Airport Terminal at the Abu Dhabi Airport. The programme is supported by a campaign designed to capture the imagination of the airport community, ensuring that employees of all airport organisations are Familiarised, Inducted and Trained ...