Takaful Emarat delivers 42% profit growth

This was due to an expansion in the medical and life lines of business, prudent underwriting, and cost efficiency through strict control of general and administrative expenses.

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Mubadala appoints new team

Following the announcement, Cyril Arar has been appointed as new chairman of the board of directors; Ismail Ali Abdulla becomes deputy chief executive officer; and Murray Hundleby becomes general counsel.

Arabtec swings to Dh2.35b annual loss

Revenue plunged to Dh7.3 billion, down Dh1 billion or 12 per cent, from 2014, the Dubai-based company said in a statement. It cited the "difficult environment that the regional construction market is facing" for the loss and said it is seeking to further reduce costs.

Enoc retail capacity to rise 40%

Enoc retail capacity to rise 40%

The growth plans include ongoing renovation of two major service stations in Dubai Internet City and Oud Metha and the construction of 54 more stations in Dubai.

Carrefour hypermarket opens in Kazakhstan

Carrefour hypermarket opens in Kazakhstan

The new hypermarket is located in Almaty's Grand Park Mall and offers more than 30,000 items, including fresh produce and groceries, home appliances, sporting goods and leisure equipment, and textile products.