Wednesday, December 19, 2018

Shelved Aramco IPO hits at heart of Saudi prince’s reforms

DUBAI/RIYADH (Reuters) – Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are...

Lancer Skincare Continues Its Global Expansion in Partnership With Asia’s Beauty Omnichannel Leader Luxasia...

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Aldar’s profit drops over 28% in Q2

Abu Dhabi – Mubasher: Aldar Properties on Tuesday said its profits declined during the second quarter and first half of 2018. The Abu Dhabi-based giant developer logged AED 445.227 million ($121.24 million) between April and June,...

Trade Bank of Iraq puts Turkey bank acquisition plans on hold

DUBAI, Aug 15 (Reuters) - Trade Bank of Iraq (TBI) has put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira, its chairman told Reuters...

Emaar Development net profit surges 68pc to $496m

UAE-based Emaar Development has reported a net profit of Dh1.82 billion ($496 million) for the first six months of 2018, up 68 per cent compared to Dh1.08 billion ($294 million) for the same...

DP World acquires Danish logistics firm

Dubai, United Arab Emirates, — DP World announced the signing of the acquisition of 100% of the Unifeeder Group for €660 million from Nordic Capital Fund VIII and certain minority shareholders. Based in Aarhus...

Emirates NBD offers customers prizes of over AED 10 million

Two grand prizes of AED 2.5 million each Dubai: Emirates NBD, a leading bank in the region, is offering customers the chance to win prizes of over AED10 million when they save with the bank....

UAE Dirham Stands Strong Against Emerging Market Currencies

"The US dollar - and consequently the dirham - has strengthened against the emerging market currencies this year and this does help in reducing the import prices. (Shutterstock) Follow > ,...

MIDEAST STOCKS-Property pulls back UAE; Saudi stocks fall on oil volatility

Weakness in property shares weighedon the Abu Dhabi and Dubai markets on Thursday in fallout froman earnings miss by Aldar Properties, while oil pricevolatility hurt Saudi stocks. Read More At Article Source | Article...

DP World buys Denmark-based Unifeeder for $764 million

Dubai-based port operator DP World says it has bought Denmark-based Unifeeder Group for some $764 million. DP World made the announcement in a statement on Tuesday, saying it purchased the container and shortsea network from...