Wednesday 26 July 2017

Non-oil sector ‘will claim 80pc of UAE, Saudi GDP’

Non-oil sectors will account for more than 80 per cent of GDP in the UAE and Saudi Arabia by 2025, said a new report, highlighting the steps taken by GCC governments to boost private-sector investments, construct new tourist attractions and expand airport capacity. Plus, the grea


Emirates NBD H1 net profit up 5pc to top $1bn

Emirates NBD (ENBD), a leading bank in the region, delivered a record set of results for the first half (H1) of the year with a net profit of Dh3.9 billion ($1.06 billion) as compared to a net profit of Dh3.7 billion during the same period in 2016, marking a rise of five per cent.


Dubai Islamic Bank H1 net profit up 7pc to $583m

Dubai Islamic Bank (DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today reported a group net profit of Dh2.143 billion ($583.45 million), for the first half of this year, up 7 per cent compared with Dh2.004 billion ($545.6 million) for the sa

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