School bus catches fire in Abu Dhabi

Abu Dhabi: A fire broke out in a school bus this morning, engulfing the vehicle on the outskirts of the capital near Mohammad Bin Zayed City. Official sources told Gulf News that the bus belonged to the British International School Abu Dhabi, a private ... ( read original story ...)

NBAD tops UAE banks’ fourth-quarter figures

National Bank of Abu Dhabi (NBAD) was the best of a mixed bag of fourth-quarter UAE bank results yesterday, with the overall picture showing a sector that is still coping with a sluggish lending market. NBAD, which is merging with Abu Dhabi lender FGB ... ( read original story ...)

Dubai Tour: Kittel savours his first win on disc brakes

Kittel is the only rider at the Dubai Tour using disc brakes, and the news has sparked lots of interest from his fellow riders. Other riders had seen photos of Kittel's bike on Cyclingnews and peppered him questions about disc brakes in the professional ... ( read original story ...)

How landmark projects impact Dubai real estate value

The influence that an iconic project can have on its locale is often quite dramatic. Apart from becoming a magnet for activity and development, trophy properties or iconic projects have the ability to change the value of nearby real estate. In Dubai ... ( read original story ...)

Abu Dhabi’s bike share system is expanding

is moving out of its pilot phase and expanding across more locations in Abu Dhabi from early February, one of its founders told Gulf News. “The pilot phase was very successful, so we are increasing the number of stations from 11 to 50, which means more ... ( read original story ...)

ADCB’s fourth-quarter net profit falls 16%

The Egyptian investment bank EFG-Hermes has forecast that profit at nine UAE banks it covers would fall by 8 per cent year-on-year in the fourth quarter because of a rise in provisions and tighter spreads. It forecast ADCB’s net profit would decline 18 ... ( read original story ...)

Economic challenges push ADCB profits down 16%

Dubai: Abu Dhabi Commercial Bank (ADCB) reported on Tuesday a 16 per cent year-on-year decline in net profit attributable to equity shareholders that reached Dh4.15 billion in the full-year 2016 from Dh4.9 billion in 2015. The figure puts net profit for ... ( read original story ...)

Citi Private Bank eyes 15% growth in UAE revenue this year

Dubai: With $374 billion (Dh1.37 trillion) of assets under management globally, Citi Private Bank (CBP) expects a 15 per cent growth in revevues and assets in the UAE this year, even as it eyes investment opportunities in private equity to fund small ... ( read original story ...)

Emirates NBD launches Green Auto loan with preferential pricing

Emirates NBD, a leading bank in the region, announced today the launch of a Green Auto Loan product in line with its commitment to support the UAE’s transformation into a low-carbon economy, as part of UAE Vision 2021. The Green Auto Loan has been ... ( read original story ...)