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Dubai's Mashreq says 2018 net profit stable at $570m

Dubai's Mashreq says 2018 net profit stable at $570m

Mashreq CEO, Abdul Aziz Al Ghurair, says 2018 'was a difficult year' due to market fluctuations

Mashreq's CEO, Abdul Aziz Al Ghurair.

Mashreq, one of Dubai's largest banks, on Monday said net profits stood at AED2.1 billion ($570 million) for 2018, a 0.4 percent increase on the previous year.

Total assets grew by 11.8 percent to AED139.9 billion

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Pope Francis set to attract audience of 135,000 in Abu Dhabi

Pope Francis set to attract audience of 135,000 in Abu Dhabi

One of the largest single gatherings ever held in the UAE will greet the historic visit of Pope Francis next month.

The landmark visit marks the first time a Pontiff has visited the GCC, and will coincide with a visit of The Grand Imam of Al Azhar, Sheikh Ahmed el-Tayeb, considered by some Muslims to be the highest authority in Sunni Islamic

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Middle East proves magnet as global tourists rise to 1.4bn in 2018

Middle East proves magnet as global tourists rise to 1.4bn in 2018

The number of international tourist arrivals rose by 6 percent last year to 1.4 billion, according to an estimate published Monday by the World Tourism Organization.

The increase was driven by travel to southern Europe, the Middle East and Africa, said the Madrid-based UN body, citing economic growth and technological advances as boosting factors.

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IMF lowers growth forecast for Saudi Arabia

IMF lowers growth forecast for Saudi Arabia

The International Monetary Fund on Monday lowered its 2019 economic growth forecast for Saudi Arabia and the region over low oil prices and crude output along with rising geopolitical tensions.

In its World Economic Outlook update for January, the global lender lowered its projection for Saudi Arabia's gross domestic product growth this year to

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Dubai's Arabian Travel Market to add extra consumer day in 2019

Dubai's Arabian Travel Market to add extra consumer day in 2019

The organisers of the annual Arabian Travel Market (ATM) in Dubai have announced plans to host its first consumer day – ATM Holiday Shopper.

Reed Travel Exhibitions said the new initiative will take place on Saturday April 27, the day before the official opening of ATM.

The event will present over 30 travel and hospitality exhibitors from both

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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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