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Emirates Islamic announces H1 2019 financial results

DUBAI, 17th July, 2019 (WAM) -- Emirates Islamic announced its financial results for the period ending June 30, 2019. The Bank reported a net profit of AED 673 million for the first half of 2019, an increase of 39% year-on-year. The strong set of results were supported by balance sheet growth, higher funded income, growth in foreign exchange income, a tighter control on cost and lower cost of risk.

Financial Highlights – H1 2019: Net profit of AED 673 million, up 39% y-o-y.

Total"...

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Classic Abu Dhabi police cars on displayJuly 18, 2019

The forces of law and order in both Abu Dhabi and Dubai are globally renowned for their supercar collections.

Police in the UAE capital, though, have put a couple of vehicles on display that they used in times past.

A first generation Range Rover and a Porsche 924 are on show in Marina Mall, and it's somehow fitting that these vintage affairs are occupying the space once taken up by a woolly mammoth skeleton.

Admittedly, the fact they're not contemporary is the only thing the patrol cars"...

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Amazon Prime day two: the best deals for UAE shoppersJuly 18, 2019

Plenty of bargains are still available over on Amazon, as the UAE version of the shopping site enjoys day two of Amazon Prime Day (a slight misnomer there, as it is now consists of 48 hours of bargains for Amazon Prime customers). The deals are available until late tonight, on July 16.

We have done the hard work for you and trawled through the discounts, and you can see some of the most reduced items in the gallery above.

If you're wondering what all the shopping excitement is about, this is the first time UAE shoppers have been able to avail the deals, with the Prime"...

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Dubai's biggest bank wins approval to open 20 branches in Saudi Arabia

Emirates NBD on Wednesday said it has received approval to open 20 more branches in Saudi Arabia as Dubai’s biggest bank expands in the Arab world’s largest economy.

The state-controlled lender currently operates two branches in Riyadh, one in Jeddah and another in Khobar in the east.

The expansion comes as Saudi Arabia opens up its economy to foreigners as part of a plan to diversify away from oil. The country’s cabinet last year gave approval to First Abu Dhabi Bank, Emirates NBD’s rival in the neighbouring emirate, to open three branches in the"...

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Boeing 737 Max groundings force Flydubai to postpone Budapest launch

Faced with the continued grounding of its fleet of embattled Boeing 737 Max aircraft, Dubai carrier Flydubai has pushed back the launch of flights to the Hungarian capital of Budapest later this year, according to an airline spokesperson.

The airline – along with several other counterparts around the world – was forced to ground its current fleet of 14 Max aircraft earlier this year following the fatal crash of an Ethiopian Airlines aircraft in March. The incident was the second fatal crash involving the Max.

In a statement sent to Arabian Business, a Flydubai"...

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Ras Al Khaimah Chamber, Ghana foster business cooperation

RAS AL KHAIMAH, 17th July, 2019 (WAM) -- Mohamed Ali Musabbeh Al Nuaimi, Chairman of Ras al Khaimah Chamber of Commerce and Industry, and Samata Gifty Bukari, Consul-General of the Republic of Ghana in Dubai, have discussed strengthening bilateral business cooperation and investment opportunities in different sectors.

Al Nuaimi underscored the importance of enhancing ties with Ghana, and the private sector in both countries through facilitating meetings of business communities from both Ras Al Khaimah and Ghana. He emphasised that Ras Al Khaimah Chamber of Commerce and Industry shall extend all the support to establish business partnerships that"...

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ADFD explores cooperation, investment opportunities with Gambian President

ABU DHABI, 17th July, 2019 (WAM) -- Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development, ADFD, has met with a high-level Gambian delegation to the UAE, led by President Adama Barrow of Gambia, to discuss development funding and investment opportunities in the African country.

Delegates included several Gambian ministers and government officials. The meeting also drew the participation of Fansu Bojang, Ambassador of Gambia to the UAE.

In line with the objective of the UAE leadership to build strategic relations with African countries and actively"...

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