The lender had earlier said that it was advised by the UAE central bank to cut its dividend to 10 per cent.
The property developer said that it will discuss the proposal with shareholders during its annual general meeting on April 23.
The future of the UAE’s insurance industry looks secure, say industry experts.
However, the UAE Economy Minister said that resuming trade in Amlak stocks will take more time.
The investment house filed for US bankruptcy protection after it failed to reach a $1.1 billion debt deal with creditors.
The Dubai-based property developer retained four of its current eight board members and added seven new members.
Average monthly salaries for some expatriates have gone up by more than 10 per cent this year compared to 2011.
The Dubai developer also said that its funding needs have eased, and that it has no plans to renew talks with Aabar for a stake sale.
The Abu Dhabi property developer, which is eyeing a possible merger with Aldar, replaced its chairman last week.
Peter Shaw-Smith outlines the global story of gas, which countries are producing the most LNG, and why it matters.
Investing in Facebook’s IPO in 2012 may not be the best idea, writes Matein Khalid, fund manager in a royal investment office.
Despite the threat of regional upheaval and global downturns, the UAE is still the darling of the luxury car industry.
The International Monetary Fund said that the UAE’s GDP growth would be moderate this year as economic recovery continues.
The UAE will issue its first federal sovereign bond between 12 and 18 months after it is prepared.
Thailand island investors on The World development have been offered a full refund.
Emirates plans to hire 3,800 new cabin staff this year, taking its total number of in-flight crew to nearly 20,000.
Investment in the GCC’s aluminium industry has reached $14 billion to date.
There has been no consensus on Morocco joining the elite bloc as yet, but could this be the beginning of a beautiful friendship?
According to sources, the UAE-based bank is planning to let go of its employees to cut costs. The bank has refused to comment.
The bank has reportedly applied for a full commercial banking licence to expand its operations in the kingdom.
The UAE-based property developers are discussing ways to merge in a government-backed tie-up.
Dania Saadi reports on the new wave of entrepreneurs spreading across the Gulf, boosted by growing funding opportunities.
Healthcare provider NMC hopes to raise $250 million through the listing, and plans to use the funds for further expansion.
Dubai will soon welcome two large hotels located in close proximity. But will they be able to co-exist and attract enough demand?
The outspoken head of Qatar Airways has expressed support for the planemakers as they struggle to resolve production flaws.
The hotel group has 15,000 rooms under development in the MENA region and is planning further expansion.
The utilities unit of Drake & Scull International has won the Dhs100 million contract to set up a water system for a thermal power station in India.
Regional unrest might affect China’s oil input, which in turn will have a drastic impact on global asset prices, said hedge funds guru Marc Faber.
The move makes the Abu Dhabi-based sovereign wealth fund one of the largest shareholders in Arabtec.
Saudi Arabia has increased the price of its Arab Light crude oil for customers in Asia by $1.25 a barrel for April.