Revenue for the first quarter was Dhs2.2 billion, up 62 per cent from a year earlier.
The 7.8 magnitude earthquake that hit Iran on Tuesday sent strong tremors across the GCC.
Dubai office workers spilled out into the streets as tall buildings were evacuated immediately after the tremor.
The lender made a OMR15 million one-off provision after some of its prepaid travel cards were hit by fraud.
Kyle Whitehill will replace outgoing chief executive Richard Daly from June.
King Abdullah announced the SAR250 billion scheme in 2011 to build 500,000 housing units over several years
In regulated markets the division will team up with partners that have licensing expertise and knowledge, while in the unregulated markets it will seek exclusive GSA partners
Saudi Arabia, the world’s top oil exporter and birthplace of Islam, is a key regional U.S. ally.
Drake and Scull has seen its shares jump 17 per cent year-to-date on growing speculation that it was a takeover target.
Prime Minister Sheikh Hamad bin Jassim al-Thani was speaking during a conference in Berlin.
Social media users across the GCC reported their ‘experiences’ of a second earthquake in eight days.
A major 7.8 magnitude earthquake rocked Iran on Tuesday.
Abu Dhabi Housing Authority has awarded Aldar the contract to build the villas in the emirate’s Al Falah area.
After unveiling a Lamborghini Aventador patrol car last week, Dubai Police now plan to launch a Ferrari.
The lender will raise the amount through two share sales including an IPO on the Doha bourse, its CEO said.
The 82-year-old British billionaire has said repeatedly that he has no cause for concern ahead of the Bahrain GP.
Real estate is currently the preferred asset class for investors in the UAE, finds new survey.
Alizz Islamic Bank is the second full-fledged Islamic bank in the sultanate.
The affiliate of Kuwait’s Zain, made a net loss of 398 million riyals ($106.13 million) in the three months to March 31.
Business class passengers can sink into flatbed seats and enjoy touchscreen monitors
Infrastructure spending in Qatar will average over 10 per cent of gross domestic product ahead of the World Cup.
ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.
Head of consumer and elite banking at NBAD and the head of retail banking at Emirates NBD believe the June start date will be missed.
Both companies are involved in LNG projects in Qatar and have shared interests in LNG terminals in the UK, Italy and the US.
Aramco said Manifa’s output will reach 500,000 bpd by July and 900,000 bpd by the end of 2014.
The facility, located in Duqm, will be able to store up to 200 million barrels of crude oil.
Khaled Eldabag, a Dubai-based managing director, had clients including Abu Dhabi investment fund Mubadala.
Its Dubai-Istanbul route has seen a 16 per cent growth in business class passenger revenue.
The soft opening of the region’s new airport was scheduled for April 1, having already been pushed back from December last year.
This is the Dubai-based developer’s fifth property project launch so far this year.