The carrier’s marginal growth was caused in part by a cracked wings issue suffered by the A380, says aviation analyst Saj Ahmad.
GEMS has hired Morgan Stanley Inc, Credit Suisse and Abu Dhabi Islamic Bank to arrange the sale.
Salah Nooruddin will join GFH’s board of directors following the stake acquisition.
The operator made a net profit of 53 million dinars in Q3 compared with a net profit of 59.7 million in the year-earlier period.
The Emirates Group announced figures of Dhs2.2 billion net profit for the first six months of its fiscal year.
Abu Dhabi’s stocks dropped by 0.9 per cent on Monday but Dubai fell 2.8 per cent.
The French manufacturer saw a 38 per cent sales rise in Abu Dhabi and a 33 per cent increase in Dubai.
The terminal will be able to supply the UAE with around 1.2 billion cubic feet (bcf) per day of gas.
The carrier made a net profit of Dhs206 million in the third quarter, compared with Dhs226 million in the corresponding period in 2012.
Vast majority of staff at Abu Dhabi’s Barakah facility set to be nationals.
The carrier is also finalising a deal with Boeing, with one or both deals set to be announced at next week’s Dubai Airshow.
The bank made Dhs1.2 billion in the nine months to September 30 up from Dhs899 million in the corresponding period last year.
Repeat holidaymakers and executives can now buy a slice of Penthouse luxury living.
Amiri, who quit just seven months ago, replaces Mohammad Zaqout who was fired in October.
Gulf countries are seeing a steep energy demand owing to a growing population and subsidised resources.
Kingdom Holding bought a three per cent stake in the micro-blogging site in 2011 for $300 million.
The project will allow the UAE to preserve its natural gas for domestic electricity generation.
Typhoon Haiyan has left an estimated 10,000 people dead and four million affected after it hit land on Friday.
Qatar, Saudi Arabia and the United Arab Emirates last week reported four other people who had been admitted to hospital with the disease.
Kuwaiti ministers have warned that state expenditures will exceed oil revenues within a few years if spending keeps rising at the current rate.
Several vehicles were destroyed but no one was hurt in the explosion outside a Sunni Muslim mosque in al-Riffa.
Al-Futtaim Motors has been the regional partner of Toyota vehicles for almost 60 years with the Toyota Camry almost exclusively used by Dubai’s taxi fleets.
London Mayor Boris Johnson hopes to attract greater Kuwaiti investments to the UK.
Mohammed bin Hamad Al Rumhy said a signal needs to be sent to ‘the pockets of the public’.
Emad Mansour was recently the chief executive of Doha-based Qatar First Bank.
The sale of the stake in Noordgastransport B.V. (NGT) to pension fund PensionDanmark A/S is expected to close in 2013.
The service costs an additional €10 per flight on services to Kiev, Sofia, Budapest and Bucharest.
Security forces in riot gear fired into the air and used truncheons to disperse large crowds in the Manfuhah neighbourhood of southern Riyadh.
Sepp Blatter also ruled out holding the Qatar tournament in January-February out of respect for the Winter Olympics.
Kuwait is currently producing 2.9 million barrels per day of oil and had the capacity to produce 3.2 million bpd.