The sale transaction worth $550 million concluded on July 31.
BAE has been locked in pricing negotiations with Saudi Arabia over the Gulf state’s order of 72 jets since 2007.
The Dubai-listed firm posted a net profit of Dhs79.4 million in the second quarter of the year.
With hotels battling the double dampener of Ramadan and summer, firms are boosting their coffers through iftar and suhour offerings.
A British court ordered the Prince to pay a $10-million commission to Daad Sharab, who brokered the sale of the jet.
Private sector employees will either get a break from August 8-9 or August 9-10, depending on the sighting of the moon.
The Qatari airline said that the 787 jet was out of service for what it described as a “minor” technical issue.
Visitor numbers from Saudi Arabia rose by 31.6 per cent during the first half of the year, said DTCM.
The emirate’s recently launched project is receiving strong interest from designers, design academies and boutique hotels, says developer.
The unit had been shut down to work on a gas compressor.
The airline recorded passenger growth of 4.1 per cent, along with a load factor of 70 per cent in H1 2013.
The investment firm sold its stake in HFC to Republic Bank, an independent Caribbean bank, for an undisclosed sum.
Raif Badawi, who started the ‘Free Social Liberals’ website to discuss the role of religion in Saudi Arabia, was sentenced on Tuesday.
Despite a bullish outlook on sales growth by MENA CEOs, employment levels are expected to remain flat with businesses adopting a cautious approach.
TAQA’s results were weighed down by derivatives and hedging exposures and a slump in income from its oil and gas business.
The port operator’s volumes dropped in Asia, Europe and the Middle East.
Dozens of Kuwaitis have been charged with insulting Emir Sheikh Sabah al-Ahmad al-Sabah, especially online.
Dubai property prices have soared around 35 per cent from a year ago in June, according to estimates, triggering fears of another bubble.
Government offices will be shut from Wednesday, August 7.
The Qatari telecoms firm saw increased revenue from the group’s units in Iraq and Indonesia.
Raif Badawi started the “Free Saudi Liberals” website to discuss the role of religion in Saudi Arabia.
Foreign investments in Dubai’s real estate market increased 73 per cent from H1 2012 to reach Dhs32 billion.
The emirate is setting up a special legal committee to settle disputes related to projects officially cancelled by RERA.
Tickets for a roundtrip between the emirates are priced at Dhs150.
Healthcare job opportunities in the UAE were up by eight per cent from last year but chemicals industry jobs plunged 14 per cent.
Six rail lines carrying electric, driverless trains and extending 176 kilometres in Riyadh are to be completed by 2019.
Investcorp made a net profit of $104.9 million in the 2013 fiscal year ended in June.
The firm’s attributable net income from the deal will equal around 29 per cent of the $4.9 billion estimated for civil works.
Sheikh Jaber al-Mubarak al-Sabah has been asked to form his new cabinet.
India’s foreign investment regulator gave conditional approval to the $379 million deal.