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Fujairah / WAM The National Bank of Fujairah (NBF), announced a net profit of AED511.6 million for the period ended September 30, an increase of 10.7 percent over the corresponding period of 2018. According to a press release issued by NBF on Wednesday, the Bank also achieved strong operating profit of AED862.3 million which increased by 7.2 percent compared to ...

Bloomberg The top US envoy to Ukraine testified that a senior diplomat told him in early September that President Donald Trump made US security aid to Ukraine entirely dependent on a public promise to investigate former Vice President Joe Biden and the 2016 election. Acting Ambassador to Ukraine William Taylor also quoted senior diplomat Gordon Sondland as saying Trump wanted ...

Bloomberg US Secretary of State Michael Pompeo has said efforts to revive the Indo-Pacific security grouping known as the Quad will help the Washington contain China’s rise. “We’ve reconvened ‘the Quad’ — the security talks between Japan, Australia, India and the United States that had been dormant for nine years,” Pompeo said in a speech to the conservative Heritage Foundation ...

Bloomberg Russia on Wednesday landed the world’s biggest military aircraft in South Africa, the Tupolev Tu-160 ‘Blackjack’ bomber, in a rare display of cooperation between the defense forces of the two countries. The two bombers, which are capable of launching nuclear missiles, are the first to ever land in Africa and were escorted by fighter jets from the South African ...

Bloomberg The Chinese government is drafting a plan to replace Hong Kong’s Carrie Lam with an “interim” chief executive, the Financial Times reported, citing unidentified people briefed on the deliberations. Lam’s successor would be installed by March, covering the remainder of her term should Chinese President Xi Jinping decide to carry out the plan, the paper cited the people as ...

Bloomberg Boris Johnson looked set to try for an election after Parliament blocked his plan to rush his Brexit deal into UK law. A day of threats and promises from Johnson ended with an official in his office warning that if the EU agreed to a request from the British Parliament that Brexit be delayed until January 31, then the ...

Bloomberg Chancellor Angela Merkel’s designated successor is causing trouble in Berlin with her efforts to assert authority. Annegret Kramp-Karrenbauer has been undermined by a series of errors since she was chosen to follow Merkel as leader of the Christian Democratic Union last year. Just two months after also taking the job as defense minister, she sprang a proposal for an ...

Bloomberg The dust had barely settled at Infosys Ltd when Asia’s No. 2 software services firm once more found itself grappling with a potential leadership crisis. For the second time in about as many years, the Indian icon synonymous with the country’s technological ascendancy is being forced to answer accusations of impropriety. In the most recent of a stream of ...

Bloomberg JSW Steel Ltd’s quarterly profit rose 20% from a year earlier as India’s most valuable steelmaker benefited from a one-off tax gain and boosted exports to offset a slowdown in domestic demand. Group net income at the Sajjan Jindal owned mill climbed to 25.6 billion rupees ($361 million) in the July to September quarter, it said on Wednesday in ...

Bloomberg Singapore’s economic growth will likely remain weak, weighed down by subdued global demand and a downturn in the electronics cycle, according to the International Monetary Fund (IMF). Across the region, uncertainty about US-China trade tensions and oil prices remain the biggest risks, Jonathan Ostry, deputy director of the Asia Pacific department, said at a joint conference hosted by the ...