Qatar and UAE-backed investors are expected to make what will be the largest ever bid for a football club.
The increase was due to new discoveries in three different oil fields as an average of 918,000 bpd were produced.
Gulf Business brings you the top 10 banks in the UAE that made the largest profits last year.
Abu Dhabi investment fund Aabar has a 22 per cent stake in the Dubai-based contractor.
Emirates Nuclear Energy Corp (ENEC) was awarded a licence for the construction of the first two reactors last July.
This is the Serb’s fourth Dubai Championships win in five years.
As its oil reserves dwindle, is Oman’s focus on diversification and privatisation enough to keep the economy ticking?
Two years after Qatar won the right to host the World Cup, little work on many of the big projects has actually started.
Queues of investors have formed outside the offices of real estate developers in scenes that recall the emirate’s boom days before 2008.
The utility printed the five-year paper at par at a profit rate of three per cent.
The airline’s first such initiative for three years, it will comprise TV, print, outdoor and digital elements.
Dubai-based developer says its website received traffic from 75 countries for online registration for The Address Residence Sky View.
Salman Haider, executive managing director of hotels at MAF, said work will start at the beginning of 2014.
The refinery is expected to restart around April 15.
The asset sale is part of the Dubai Group’s $6 billion restructuring process, said officials.
Sultan Al Suwaidi said that a well developed local debt market would buffer the country from the next global economic crisis.
The airport, expected to cost around $3.2 billion, is planned to open in 2020
The contractor also replaced its chief executive as part of a shakeup driven by investment fund Aabar, its largest shareholder.
Federer dismissed Spain’s Marcel Granollers while Djokovic overcame a late stumble to beat another Spaniard Roberto Bautista.
The UAE lender made a net profit of Dhs1.15 billion in the fourth quarter of 2012.
The soccer star will be supporting various programmes to increase life chances of young people in MENA and South-East Asia.
The emirate is hoping to become a global hub for Islamic finance and other businesses based on Islamic principles.
Managing director Hasan Ismaik will replace Kamal as the new chief executive of the construction company.
American fashion house will open a Hollister store in Mall of the Emirates in Q3 of this year.
The carrier has lost its traffic rights allowing it to fly 21 times a week into the UAE.
The 15-year bond will allow NBAD to directly access Japanese retail investors.
Etihad paid $70 million to India’s Jet Airways to buy three pairs of Jet’s slots at London’s Heathrow Airport.
David Miliband called for investment and innovation, speaking at a conference in Abu Dhabi.
Novak Djokovic extends his unbeaten run to 14 matches.
The new firms will be listed as Tier-2 stock without the need for initial public offerings.