Capital Intelligence Raises UNB’s Long-Term Rating to A Capital Intelligence (CI) rating agency has raised Abu Dhabi’s UNB’s (United National Bank) long-term foreign currency rating from A- to A. The bank’s short-term foreign currency and financial strength ratings were kept at A2 and A- respectively whereas a stable outlook was assigned to all the ratings. The agency noted that this upgrade is attributable to the bank’s high quality ownership (50% shareholding by the government of Abu Dhabi), good management and sustained improvement in its financials. In parallel, CI’s ratings were also affected by the balance sheet’s high proportion of liquid assets and bank placements in addition to the increase in the capitalization level. Emaar Third-Quarter Profits Jump 107% Dubai-based property developer Emaar reported a 107% yearly growth in third-quarter profits to $283 million resulting in a $0.14 annualized earnings per share. The company’s revenues exceeded $1 billion, up 59% year-on-year