GCC
The residential sales market continued to grow due to UAE’s safe haven status while rents stabilised after a growth spurt in Q2 2013.
The lender made a net profit of Dhs972 million in the three months to June 30.
The cyber attacks reportedly originated from Egypt.
The performance of the logistics firm was boosted by growth in core Gulf and African markets.
Adnan Chilwan, who was previously deputy CEO at the bank, replaces Abdullah Al Hamli as the new chief executive.
Ali has held the role of acting CEO since August 2012 following the departure of previous CEO Jeff Singer.
Increased cost of living and work-related issues are the main reasons causing stress, finds survey.
The services sector, along with the electronics sector, accounted for over half the increases in consumer complaints this year.
The funds from the KIngdom were given in the form of a five-year interest-free deposit at Egypt’s central bank.
The firm made a net profit of Dhs69.5 million in the three months to June 30, compared with Dhs10.2 million in the same period of 2012.
Industry, finance, transportation, real estate and construction are some of the other key sectors driving economic growth in the emirate.
SABIC’s net income for the three months to June 30 was 6.04 billion Saudi riyals compared with 5.3 billion riyals in the same period last year.
Despite government efforts, food prices are rising throughout the Holy month with coffee, tea and cocoa up by 5.4 per cent since Ramadan began.
Bank Dhofar, the larger of the two lenders, said last week that it had approached Bank Sohar with regards to a merger proposal.
Net profit for the first six months of 2013 was 291.3 million riyals, 4.1 per cent up on the 279.7 million riyals made last year.
The Manchester City owner sold all of his stake in the British bank after helping to rescue the lender during the financial crisis.
Nicolai Tillisch explains how a place like Dubai can make you substantially more creative – and the shortcuts you should avoid.
Gulf Arab oil producers have promised aid packages worth $12 billion to Egypt since the overthrow of president Mohamed Mursi.
Among the UAE clubs, only Abu Dhabi’s Al Jazira Stadium has a capacity greater than 20,000 with most crowds often only in the hundreds.
The tiny Gulf state will take on Abu Dhabi and Dubai as it looks to become the region’s financial powerhouse.
Du and Etisalat already offer fixed-line, broadband and television packages in the UAE, but not in the same districts, with du confined to the newer areas of Dubai.
Five countries from the MENA region made the top 50 list, which highlights the areas that a country should focus on to improve the well being of its people.
Net profit for the first half of the year was 18.77 million rials compared with 19.92 million rials in the prior year period.
The value of real estate transactions rose 30 per cent on the same period last year.
Sepp Blatter has said he will propose moving the dates of the tournament to winter, in a bid to avoid Qatar’s summer heat.
Witnesses said several vehicles were destroyed in the explosion but there were no reports of injuries.
The Abu Dhabi carrier agreed in April to buy a 24 per cent stake in Jet Airways but political concerns and scrutiny by Indian market regulators have delayed the deal.
Secondary malls, like Discovery Gardens Centre, will come as a relief as retail space at the major malls faces high demand.
The UAE capital recorded the highest number of sales across the maker’s markets in the first half of 2013.
Air Arabia is the top trader on the UAE bourse after jumping 8.3 per cent to reach its highest levels since October 2008.