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Dubai's Emirates NBD reports 20% increase in 2018 profit

Dubai's Emirates NBD reports 20% increase in 2018 profit

Emirates NBD reported a better-than-expected increase in full-year profit as lending rose and loan loss charges fell at Dubai’s biggest bank.

The bank reported a net profit of $2.73 billion (AED10bn), supported by a 22% year-on-year improvement in provisions. The bank ended the year with assets of $136 billion (AED500bn), up 6% on 2017

The

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Saudi says transition to renewable energy should be gradual

Saudi says transition to renewable energy should be gradual

Top oil exporter Saudi Arabia called Tuesday for a "fair" and gradual global energy transition as it unveiled an ambitious domestic renewable energy programme.

Experts say energy output from renewables, especially solar and wind, is growing faster than anticipated, threatening to displace oil, gas and coal as the world's main sources of power.

But

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Pound holds its ground after May's Brexit battering

Pound holds its ground after May's Brexit battering

The pound edged down Wednesday after the record defeat of British Prime Minister Theresa May's Brexit plan but mostly held its ground as investors consider the next likely developments in the long-running saga.

Sterling tanked to a near two-year low soon after the government's proposal on leaving the EU was soundly beaten on Tuesday evening, but

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Brexit pushes UK to brink as May's government fights for survival

Brexit pushes UK to brink as May's government fights for survival

The UK stands at its most dangerous crossroads in decades after Parliament emphatically rejected Theresa May’s Brexit deal and left her facing an uncomfortable vote to oust her government.

The humiliating defeat on Tuesday evening, the biggest for any government in modern history, leaves May’s divorce agreement with the European Union all but dead

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Revealed: where Dubai will chase foreign investment in 2019

Revealed: where Dubai will chase foreign investment in 2019

A target list of five countries has been compiled by the Dubai Investment Development Agency (Dubai FDI) in an effort to increase foreign investment into the emirate during 2019.

The investment development agency of the Department of Economic Development (DED) in Dubai has also announced the Dubai Team initiative for global promotional missions

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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