Dubai-based property developer Emaar plans to create a mixed-use development in the area.
The food and beverage company made a net profit of Dhs56 million during the first half of the year.
International Bank of Azerbaijan, the country’s largest lender, hopes to start operating in Qatar in the first quarter of 2013.
UAE’s leading telecoms company may also look to raise its stakes in other affiliates with high population markets.
Average residential rents for both villas and apartments in the emirate increased during Q2 2012, says new study.
The logistics firm said weakness in Egypt and investment costs in new African operations weighed on its results.
The Dubai International Financial Centre (DIFC) economy posted a ‘GDP’ of $3.13 billion in 2011, up seven per cent from 2010.
The utility company is not planning to issue a bond despite a drop in borrowing costs, its CEO has said.
The Qatari operator made a first quarter loss of $32.49 million, an improvement on the $32.6 million Q1 loss last year.
The Kuwaiti telecoms operator now owns 37 per cent of Zain Saudi following a weak response from other shareholders.
Three of the country’s largest banks have all posted positive results with First Gulf Bank reporting a 14 per cent profit rise.
Qatar Holding takes its stake in the company up to 11 per cent, as talks with Glencore are stuck in deadlock.
Abu Dhabi Commercial Bank posted a net profit of Dhs733 million for the second quarter of the year.
The new office of the global asset management company will be headed by ex-Mumtalakat CEO, Talal Al Zain.
Residents can now complete residential and commercial tenancy contract registration at select post offices.
The private equity firm announced that Tom Speechley, senior partner at Abraaj, will take over as the CEO of UK-based Aureos.
NBAD, the largest bank by market value in the UAE, saw second quarter profit grow on higher net interest income.
The UAE-based bank made a net profit of Dhs1.02 billion during the period, beating analysts’ forecasts.
As Tiffany & Co. announce a new JV in the region, a global report says the luxury goods market is growing.
Finance Minister Sheikh Hamdan says the country will fill any gap “from its own resources.”
The Kuwaiti telecoms operator reported a loss of 37.3 million dinars compared to the same period last year.
Three UAE cities feature in the list that ranks cities on economic and social factors, labour rights and quality of life.
The UAE-based lender reported a net profit of Dhs668.7 million for the first half of the year.
Dubai-based Emirates NBD made a net profit of Dhs647 million in the second quarter of the year.
Rent prices in the area are up for the first six months of the year, out-pricing costs in Downtown.
Mohammad Al Mojil Group failed to announce its second quarter results, forcing the CMA to suspend trading.
The Kuwaiti investment firm has asked for a four year extension on the Islamic bond which is to mature next month.
The Dubai-based bank made a second-quarter net profit of around Dhs320 million, mainly due to a drop in provisions.
The Dubai-based e-procurement technology provider plans to expand operations across the GCC.
The telecoms firm’s $1.69 billion rights issue was subscribed by more than 632 million shares.