The mining company attributed the increase to the beginning of commercial production of ammonia and DAP
The airline increased its capital through a share issue which was 2.25 times oversubscribed.
The Abu Dhabi-based property developers will merge through a share swap, according to sources.
The airline operates the largest A380 fleet globally and will be “a powerful tool” to further Dubai’s bid.
In an exclusive interview, the Arab region’s richest businessman reveals to Gulf Business what time he wakes up and what he likes to read.
South African energy minister says Abu Dhabi- based Masdar has expressed interest in the African nation’s renewable energy programme.
Full-year 2012 profits stood at OMR40.7 million, up 19 per cent compared to 2011.
The company made a net loss of SAR1.09 billion in the fourth quarter of 2012, compared to a loss of SAR514 million in Q4 2011.
The construction firm plans legal action against the Saudi unit of Britain’s Petrofac, Saudi Binladin Group and SK Engineering and Construction.
The dairy and food producer made a net profit of SAR369 million in the fourth quarter of 2012.
The 55-level development includes 280 residences and is part of the Dubai Mall expansion project.
More than 40 per cent of flydubai’s new routes last year concentrated on CIS and Central and Eastern Europe destinations.
The petrochemicals producer said it enjoyed stronger sales and higher prices in the fourth quarter of 2012.
Abu Dhabi’s new water theme park will offer never-before-seen rides and thrills when it opens next week.
The Dubai-based cruise liner will be renovated into a 500-room luxury hotel.
Etisalat has submitted interest in buying the 53 per cent stake in Morocco’s Maroc Telecom, valued at around $5.8 billion.
Gulf Business spotted a number of innovative cars and motorcycles at this year’s World Future Energy Summit in Abu Dhabi.
The Gulf state posted a GDP growth of 4.2 per cent in 2011.
A 26 per cent rise in customers helps the operator trim its losses.
VIDEO: Golf Digest Middle East editor Robbie Greenfield reflects on a mouth-watering contest between Tiger Woods and Rory McIlroy.
The bank’s net profit fell to 869 million riyals compared to forecasts of 1.1 billion.
The Gulf bank is buying a 77 per cent stake in National Societe Generale Bank.
MENA region to be core focus of new strategy and the aim is for Bahraini businesses to forge closer links with regional markets.
The central bank is believed to be cooperating with the EBA on the plan.
The national side has terminated the Dutchman’s contract after a disappointing Gulf Cup of Nations.
Tony Douglas, CEO of Abu Dhabi Ports Company, reports on delivering phase one of the capital’s most ambitious project to date.
The UAE produced around 2.60 million bpd of crude in December and November last year.
Regional airports were warned today to remain vigilant from ever-present security threats.
The mortgage lender is in talks with a creditor committee and Dubai’s largest banks.
The Dubai developer has denied reports it is planning to list its malls business.