DUBAI / Reuters Rising oil prices lifted energy company stocks in the Gulf on Thursday, but indices were mixed due to some negative earnings reports, especially in Saudi Arabia. The Riyadh index lost 0.7 percent. Savola Group, the kingdom’s largest food products company, reported a 96 percent drop in first-quarter net profit, sending its shares down 2.4 percent. The National ...

Bloomberg European stocks retreated for the first time in three days as gains for mining shares and a boost to growth forecasts failed to dispel a broader mood of caution. Gold was poised to snap its six-day losing streak amid a wider commodity bounce. The Stoxx Europe 600 Index declined following a raft of corporate results. While companies including Telefonica, ...

Abu Dhabi / Emirates Business Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, on Thursday announced its financial results for the first quarter ending March 31. Amlak reported net profits of AED 7.5 million for the quarter ended March 31 2017. This was the result of decline in intermittent nature of revenue from sale of ...

Sharjah / WAM His Highness Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, on Thursday inaugurated Medcare Hospital, located on King Faisal Street in Al Qasimia, Sharjah. H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah was present. As the first initiative of its kind, patients will be able to ...

Dubai / WAM The Ministry of Climate Change and Environment (MoCCaE), denied rumours circulating on Jordanian media outlets with regards to the UAE’s lifting of the ban on imports of certain vegetables and fruits from the Kingdom of Jordan, saying that no decision has been issued in these regards by the UAE. Last month, the Ministry announced a decision to ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA), participated in the ‘For you Somalia’ campaign, which was launched by the Emirates Red Crescent to alleviate millions of people suffering from famine and war in Somalia. This came as part of DEWA’s commitment to the community, and its efforts to achieve the objectives of the #Year of Giving, and to ...

Al Ain / WAM The Zayed House for Islamic Culture (ZHIC), organised a water aid initiative, titled “Suqya Khair”, on Thursday in cooperation with the Emirates Red Crescent, ERC, and the Al Ain Livestock Farms. ZHIC employees, new converts, and ERC volunteers distributed 250 meals, fruits and cold beverages to construction workers on the site of the Sheikh Khalifa bin ...

Abu Dhabi / WAM Abu Dhabi Airports signed an MoU with the Abu Dhabi General Services Company, Musanada, to strengthen cooperation between the two entities in the areas of knowledge sharing and facility development, to further support the growth of the infrastructure sector in Abu Dhabi. The MoU was signed on Thursday by Abdul Majeed Al Khoori, Acting Chief Executive ...

Dubai / WAM The Ministry of Finance (MoF), in collaboration with the Organisation for Economic Cooperation and Development (OECD), held a workshop on tax treaty issues and Base Erosion and Profit Shifting (BEPS), at its premises in Dubai. The workshop was headed by Khalid Ali Al Bustani, Assistant Under-Secretary of International Financial Relations, in the presence of Majid Ali Omran, ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) is set to announce the winners of the 2nd cycle of the Dubai Smartpreneur Competition on May 17, during the closing ceremony of the ArabNet Digital Summit 2017. Ten ideas have been shortlisted for the final round of the competition, which requires candidates to present their ideas at ArabNet. ...