World Bank to set up office in ADGM

Dubai: The World Bank will establish an office in Abu Dhabi Global Market, after it signed an agreement to do so on Tuesday during the World Government Summit. The new bureau will serve as the World Bank’s platform in the UAE and will exercise its full functions including the facilitation of research on relevant policy […]

Arabtec profits more than double to Dh256m

Dubai: Arabtec Holding reported on Wednesday its net profit more than doubled in 2018 to reach Dh256 million as revenues rose. Net profit in the fourth quarter of the year stood at Dh74 million, a 64 per cent jump over the same period in 2017. The figures mark a second consecutive year of profitability for […]