Dubai-based Mashreq alleged ING Groep NV lost over $40 million of its money by investing it in “toxic” securities.
FGB raised its ownership from 40 per cent to 100 per cent in Aseel Islamic Finance
European low-cost carrier starts four new services this week, projecting Dubai into the realm of two-airport cities
Organisers of the campaign say their call for women to drive on Saturday was not a political protest
Over $1 billion of the money pledged will go to supply Egypt with fuel
Local banks have been quick to lend more and offer more sophisticated services as international banks nurse lingering wounds.
The United States and Saudi Arabia have been allies since the Kingdom was declared in 1932.
IPIC has interests in a number of European-based companies, including Spain’s CEPSA and Austrian oil group OMV.
Emaar made Dhs581 million in the quarter ending September 30 compared with Dhs387 million in the corresponding period in 2012.
Officials have called for a collective effort from GCC countries to curb their energy subsidies.
The new app is designed to help users who suffer from hearing disabilities.
Dubai’s business confidence is at a record high as the announcement of the Expo 2020 host city nears.
The Skycargo division will move its operations to Dubai World Central’s Al Maktoum International Airport in May
The lender made a net profit of Dhs775 million in the three months to September, up 21 per cent from Q3 2012.
Despite signs of economic improvement, banks are still dealing with asset quality problems from the 2008 crisis, says Fitch
The fuel retailer cancelled a tender seeking 90,000 tonnes of jet fuel for November to December delivery
Arabtec will build two mixed-use towers for the 332-room Tiara Hotel on Palm Jumeirah
Sheikha al-Mayassa al-Thani, who heads the Qatar Museums Authority, was chosen for her willingness to spend at a rate estimated to be $1 billion a year.
The airline will be the largest carrier on the planet by international passenger traffic, says president, Tim Clark.
The new mall features 160 shops, over 20 dining outlets and an eight-screen cinema.
Gulf Air hopes its new daily evening service will appeal to ‘new Dubai’ residents
New service to provide more flexibility and better connectivity for passengers
French utility EDF is spending $26 billion to build two nuclear reactors at Hinkley Point in the UK
According to a Mercer survey, the UAE’s above global average pay rise is a long running trend in the region.
QNB will issue three-year floating rate notes
Kazim, currently CEO of DFM, replaces veteran banker Abduljalil Yousuf Darwish
HE Reem Al Hashimy, UAE Minister of State and managing director of the Dubai World Expo 2020 Bid Committee, reveals her hopes and fears in the bid for the largest trade show on earth.
The plant, which will generate around 24 million kilowatt hours (kWh) of electricity per year, is the region’s largest photovoltaic facility.
Amer Kazim will replace longstanding incumbent Mark Shuttleworth.
Emirates International Telecommunications is seeking to sell its 35 per cent stake in Tunisie Telecom and 26 per cent stake in Axiom Telecom.