The gas-rich Gulf state has already provided Cairo with $5 billion in loans and grants since Egypt’s Islamist President Mohamed Mursi was elected last year.
Techno Group Investment Holdings bought a 75 per cent stake in Turkish firm Dogu Tip for an undisclosed sum.
The lender’s profit was boosted by a jump in both lending and customer deposits portfolio.
Mohammed Alabbar was speaking at Emaar’s AGM where shareholders approved a 10 per cent cash dividend.
James Hogan, CEO of Abu Dhabi-based Etihad Airways says it is not about being the biggest, but about being the smartest.
The lender recently opened an office in Australia, and plans to open one in Sharjah.
SABB saw first quarter net profit rise 11 per cent, while Saudi Hollandi’s net profit rose 19.4 per cent.
We compare the interest rates, annual fees and perks offered by financial institutions in the UAE.
The new move, to be introduced in mid-June, will allow customers to make automatic loan payments from their bank accounts.
The 6.2 earthquake that hit Iran on Tuesday was about 500kms away from Abu Dhabi, with tremors affecting the entire GCC.
Social media users reported their ‘experiences’ of the earthquake tremors in a flurry of tweets.
Oman’s merchandise trade surplus reached $24 billion last year.
An earthquake measuring a magnitude of 6.3 struck on Tuesday 60 miles south of the city of Bushehr in Iran.
Lead arrangers released official price guidance at 3.125 per cent after suggesting the low three per cent area as an indicator.
Local reports stated that a young man was sentenced to be surgically paralysed after stabbing a friend who was also left unable to move.
Yousuf Al Serkal is one of four candidates vying for Asian football’s top job.
The 700-centistoke (cst) cargo is scheduled to load between May 5 and 9, traders said.
Representatives from over 30 nations will gather in Bahrain to practise minesweeping and escorting ships.
Malaysian construction firm MMC’s joint venture with Saudi Binladin Group was awarded the contract to develop the Jazan Economic City in 2006.
The UAE telecoms operator had been blocking Skype, the free internet-to-internet phone calls site, for several years.
The developer will launch the sale of 188 townhouses in Mira this month.
Italian Civil Aviation Authority has authorised the services, an extension to one of Emirates’ existing triple daily flights, on an extra-bilateral basis.
Mohammad Zaqout, previously executive vice president of personal banking at Al Hilal Bank, will be the new chief executive.
Domestic tensions have been delaying work on Kuwait’s KD30 billion development plan
Etihad passengers flying on Aer Lingus’ planes to New York and Chicago can now pre-clear US Customs and Border Protection in Dublin
Executive Vice Chairman who has been pivotal in managing Emirates’ growth in the last 28 years stepped down from his position on Sunday
Valentino Rossi, back at Yamaha after two years at Ducati, finished second behind teammate Jorge Lorenzo.
Khalifa Industrial Zone Abu Dhabi has awarded a deal to construct phase 1 of its pre-built warehousing to UAE’s System Construct.
French media group Vivendi aims to offload its 53 per cent holding in Moroccan firm Maroc.
The bank said it made $254 million in the three months ended March 31, 2013.