The UAE’s current foreign ownership limit of 49 per cent is satisfactory and there is an expectation that it will be relaxed in coming years.
Osman Sultan voiced frustration at the impasse more than four years after talks between the companies began.
The fund has a stake worth about $1 billion in Bank of America, while its Samsung stake is worth between $200-$300 million.
The lender reported profit of Dhs1.3 billion for the first three quarters compared to Dhs970 million in the same period last year.
Munich Airport’s president and CEO flew into the UAE to see how it can attract more passengers.
The government’s latest regulation highlights the importance of responsible financing and purges the overactive mortgage providers.
Net profit for the first nine months of this year fell to Dhs1.44 billion from Dhs1.47 billion in the prior-year period.
A centralised approach to supervising Islamic finance is increasingly being adopted around the globe.
Analysts polled by Reuters had expected only a 12 per cent drop in Ooredoo’s third-quarter profit.
Du made a net profit of Dhs474.3 million in the three months to September 30, up from Dhs326.9 million in the year-earlier period.
Dubai’s house prices have risen over 20 per cent in the last 12 months.
The state-funded rail network would link the desert town of Buraimi, bordering the United Arab Emirates, to six major settlements in Oman.
In the run up to the announcement for the World Expo 2020 host city, Mary Sophia sizes up Dubai’s competition.
Delegates can expect plenty of space, inside and out, when they visit the dedicated Dubai World Central site in November.
Dubai Holding was hit hard by Dubai’s property market crash and corporate debt troubles of 2008-2010.
A new case involving a 23-year-old expatriate resident has also been recorded in Qatar this week.
The limits on foreign ownership of individual stocks have become obstacles to growth as the Gulf’s capital markets gradually become more international.
Julphar has invested heavily to feed the growing needs of the GCC’s healthcare market and ensure sustainable supply of medicines to the region.
The new facility will be equipped with the latest technology capable of sorting 3,000 packages per hour.
STC made a net profit of 3.39 billion Saudi riyals in the three months to September 30, up from 1.95 billion riyals a year earlier.
Kuwaiti men can apply for government housing after marriage, receiving loans that are paid off slowly.
If the railway is completed, it could have a major impact on the Gulf economy by stimulating trade and limiting consumption of fuel for road travel.
Third-quarter net profit at the lender fell eight per cent to Dhs1.04 billion from Dhs1.12 billion in the year-ago period.
GEMS plans to begin roadshows in the United Arab Emirates this Thursday with investor meetings scheduled in Asia and Europe next week.
Dubai’s overall average occupancy increased by approximately 7.8 per cent in August compared to the same period last year.
First time expat buyers will have mortgages limited to 75 per cent of a property’s value with UAE nationals limited to 80 per cent.
The A350, designed to compete with Boeing’s 787 Dreamliner and the larger Boeing 777, staged its maiden flight in June.
Traffic for the first nine months of the year stands at 49.4 million, up from 42.6 million for the first three quarters in 2012.
US carrier to focus more on attracting international business and improving digital connectivity.
The international body cautioned the UAE to be proactive in framing policies that would insulate the economy from major problems.