Article length: 112 words
UAE: Profits tumble at Emirates
Dubai-based Emirates Group posted a profit of Dh2.5bn ($670m) for the 2016/17 fiscal year, a fall of 70% year-on-year. Group chairman and chief executive Sheikh Ahmed Bin Saeed Al-Maktoum described it as “one of our most challenging years to date”, with the company buffeted by the UK’s Brexit vote, currency devaluations and new policies banning portable electronics on flights to the United States.
Credit value: 1