The Dubai-based lender saw third quarter net profit rising to Dhs640 million on lower provisioning.
The company made a third quarter net profit of 1.07 billion riyals while domestic revenue for the first nine months rose 9.4 per cent.
The Saudi oil producer has awarded contracts to companies from across Europe and Asia – the project is said to be worth billions of dollars.
The UAE telecoms operator made a net profit after royalty of Dhs326.9 million in the third quarter.
The first three quarters of the year sees further recovery for Dubai’s debt-laden property developer.
Senior spokespeople confirm that Qatar will meet its construction deadline for the World Cup.
The tiny Gulf state is looking to host pre-season testing and eventually its own grand prix at its Losail Circuit.
Abu Dhabi’s residential real estate market was stagnant in Q3 2012 as the emirate deals with new incoming supply, but industrial growth will be strong
The Omani lender has missed market expectations as it posts a third-quarter profit drop compared to last year.
STC reports jump in third-quarter profit due to growth in broadband but still misses market expectations.
Opposition groups call for a protest march on Sunday as they reject government’s changes to the voting system.
Gulf Business provides a round up of the Middle East’s biggest ICT event.
The move would make ADNOC the first Middle Eastern producer to export ultra-low sulphur diesel outside the region.
Private sector employees will be given three days, while the public sector will remain closed for four days.
No one was injured in the gas leak accident, said state news agency KUNA.
Gulf Business reports live from MENA’s biggest ICT event.
The lender made a profit of Dhs328.5 million during the third quarter of the year.
The telecoms operator said net loss widened by two percent because of lower revenues.
Bargain-bucket tablets are quickly outselling laptops in the UAE, say retailers.
The Dubai Mercantile Exchange plans to shift its focus away from national oil companies, said its new CEO.
Batelco currently owns Jordanian operator Umniah and 27 per cent of Yemeni mobile firm Sabafon.
Saudi Aramco has been pumping around 10 million barrels per day for most of this year.
The global technology company plans to build an innovation centre in the Dhahran Techno Valley.
The Saudi telecom giant has also revealed details of a new collaboration with Hilton Hotels.
The Saudi lender said that third-quarter net profit dropped 3.5 per cent from last year to SAR1.87 billion.
The emirate’s economy grew 6.8 per cent last year, according to government data.
The telecommunications firm operates in 17 countries in Africa, Asia and the Middle East.
The property firm reached a restructuring agreement with creditors on a $1.2 billion loan last week.
Overspending and a lack of financial planning spell an insecure future for UAE residents.
The biometric seat being developed by the car maker will be able to monitor driver wellness and stress levels.