Business Blog

Dubai, United Arab Emirates, April 29, 2014: A 13-member delegation from Ningxia Hui Autonomous Region of the People's Republic of China, visited Jebel Ali Free Zone (Jafza) last week to seek Jafza's support in facilitating e-Commerce between Ningxia and the Middle East region following Jafza's parent company Economic Zones World's recent announcement to establish the world's first purpose built

29 April 2014 RAKBANK achieved a net profit of AED 334.6 million for the quarter ended 31st March 2014.Total assets stood at AED 31.5 billion growing 11.3% year on year. Asset growth year to date has been 4.6% which is attributed to a rise in the investments portfolio of AED 862 million and gross loans and advances by AED 680 million.Gross loans and advances stood at AED 23.0 billion, up 12.3% yea

Emirati malls operator Majid Al Futtaim has set initial price thoughts of 212.5bp over mid-swaps on a new 10-year US dollar conventional bond, according to a lead.

Emirati malls operator Majid Al Futtaim has set initial price thoughts of 212.5bp over mid-swaps on a new 10-year US dollar conventional bond, according to a lead.

More than 6 million passengers passed through Dubai International in March 2014, driven by the expanding networks of Emirates airline and flydubai, according to the latest traffic statistics issued by operator Dubai Airports.

By Syed Raza Hassan and Katharine HoureldISLAMABAD, April 29 (Reuters) - The acting head of the State Bank of Pakistan has been appointed permanent governor, a spokesman said on Tuesday, a move that analysts say signals that the bank will continue to be dominated by the finance ministry.Ashraf Mahmood Wathra has been the acting governor since January but formally became the permanent governor on T