Kuwait City / AFP National Bank of Kuwait, the emirate’s largest lender, said on Monday its third quarter net profit rose 6.5 percent mainly thanks to growing public spending despite low oil revenues. The bank posted a net profit of 68.7 million dinars ($227.5 million) for July to September this year compared to 64.5 million dinars ($213.6 million) for ...

  Bloomberg ICICI Bank Ltd., India’s largest private-sector bank, rose the most in six months in Mumbai stock trading on optimism the lender will recover some of its loans to the Essar Group. Shares of the bank rose 6.5 percent to 257.55 rupees, while the locally listed stock of Standard Chartered Plc, also owed money by Essar, gained 2 percent. ...

  Bloomberg Morgan Stanley is abandoning a prediction that U.S. break-even rates will fall as the outlook for prices in the world’s biggest economy surge to the highest level in five months. The yield difference between 30-year Treasury bonds and similar-maturity inflation-protected securities headed for the highest closing level since May. The measure, an outlook for consumer prices known as ...

Bloomberg Pick up a high-end smartphone these days and chances are it will have a crisp, energy-sipping organic LED display — unless it’s an iPhone. That will change next year, when Apple Inc. plans to adopt the technology for the next major upgrade to its flagship product. To do so, the Cupertino, California-based company will have to get its hands ...

  Relaxnews Though the future of personal mobility will be electrically driven, don’t expect to see traditional gas stations disappearing into the automotive history books any time soon. “There will be no such thing as a ‘one-size-fits-all’ solution,” said Klaus Fröhlich, Member of the Board of Management at BMW AG, Development. “We see the approach of using myriad [drivetrain] technologies ...

  Relaxnews Walt Disney Co. Chief Executive Officer Bob Iger said the company’s future lies in using technology to make more direct connections to consumers, although he declined to say whether he was interested in buying Twitter Inc. or Netflix Inc. The following are excerpts from Iger’s remarks at the Boston College Chief Executives Club. Iger, 65, made the remarks ...

  DUBAI / WAM On the first day of the Gulf Information Technology Exhibition (Gitex 2016), Crown Prince of Dubai and Chairman of Dubai Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched the Authorized Economic Operator (AEO) programme. The AEO programme is a federal programme that connects the UAE with the rest of the world in ...

  ABU DHABI / WAM Khalifa bin Salem Al Mansouri, Acting Under-Secretary of the Department of Economic Development in Abu Dhabi, is leading a delegation to Shanghai, China, to bolster economic cooperation in trade, industry, investment, exchange of information and mutual coordination between the two cities. Al Mansouri said that the visit comes as a result of last year’s historic ...

  Abu Dhabi / EMIRATES BUSINESS Etihad Airways Engineering has been named ‘MRO Service Provider of the Year (Middle East)’ at the Aviation Business Awards 2016. The company also won the ‘Engineering Innovation of the Year’ award for developing a unique Flying Testbed – an Airbus A320 aircraft reconfigured for testing new innovations as well as for commercial flights. Etihad ...

  Ras Al Khaimah / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said his message to the people of the UAE on the National Agenda 2021 aims to foster transparency between the government and people. “The National Agenda 2021 sums up government work and shortens the goals ...