Qatar’s Barwa Real Estate H1 Profit Slumps 21.1%

The Qatari property developer made a net profit of around $163 million in the first six months of the year.

Dubai Financial Market Q2 Profit Drops 31%

DFM’s net profit fell to Dhs10.2 million during the second quarter of the year, as revenues reduced.

REVEALED: Top Places To Buy Property In Dubai

Gulf Business lists the top nine property growers, including Arabian Ranches, The Springs and Palm Jumeirah.

Julphar’s H1 Revenue Up 13.5%

The pharmaceutical company has seen a profit rise of 5.6 per cent for the first half of last year, with operating profit also up.

Olympics: Hijab No Hurdle For Muslim Sportswomen

Sports committees at the Olympic Games have started removing restrictions on women wearing headscarfs during competitions.

Saudi Bans Smoking In Public Places

The ban, which extends to restaurants and shopping malls, will be strictly implemented, the Kingdom’s interior minister has warned.

Emirates Says Qantas Deal Likely In Six Months

Emirates’ chairman Sheikh Ahmed bin Saeed al-Maktoum clarified that the deal will not include a revenue-sharing agreement.

UAE’s ADIB Q2 Profit Rises 2.3%, Warns On Year

Abu Dhabi Islamic Bank said Eurozone pressures and new regulations in the UAE will hit earnings for the rest of 2012.

Dubai’s DP World Container Volumes Climb 7.5%

The port operator said that it handled 28.2 million TEU (twenty-foot equivalent container units) in the first half of the year.

Dubai Collects Dhs2bn Via Online Payments In H1 2012

The amount collected by the Dubai government’s online payment services in the first half of 2012 increased 21 per cent year-on-year.

Bahrain’s Investcorp Slumps On Euro Crisis

Bahrain-based investment company net income shrinks in face of Euro woes and asset depreciation.

Dubai’s DIFC Authority To Split Into Two Entities

Dubai International Centre will split into DIFCA and DIFC Property arms to boost its development.

Olympics: Qatar Wins Bronze In London 2012

Shooter and rally driver Nasser Al Attiyah claimed the bronze in the men’s skeet competition, Qatar’s first medal in 12 years.

Australia, UAE Sign Deal For Uranium Sales

The UAE recently granted a licence to Emirates Nuclear Energy Corp for the construction of the country’s first nuclear reactors.

Olympics: Qatar Eyes Major Global Sporting Role

Qatar aims to host international events and become the sporting hub for the MENA region, the country’s Olympic Committee chief has said.

Sorouh Posts 33% Rise in Q2 Profit

Increased revenues from national housing projects boosted the profit made by the Abu Dhabi-based property developer.

Qatar Awards Tram Contract To Siemens

Under the million-dollar contract, Siemens will supply 19 trams, technology and equipment to Qatar Foundation.

Fitness First to create 300-400 new jobs

Health club chain on an aggressive expansion spree across the Middle East with a target of 100 clubs in the next five years.

OPEC Oil Output Drops In July On Iran

Supply from OPEC members fell by 450,000 barrels per day (bpd) in July to 31.2 million bpd, a survey has found.

Olympics: Saudi Judo Athlete Allowed To Wear Hijab

Wojdan Shaherkani had refused to take part in the judo competition if she was not permitted to wear the hijab.

Nakheel H1 Revenue Up 112% at Dhs3.1bn

The Dubai-based developer posts first half profits of $208.82 million, up 36 per cent from the same period last year.

Dubai Airport’s June Passenger Traffic Up

The busy airport saw a rise in footfall of 13.7 per cent for the first half of the year to 27.93 million with air cargo also increased.

UAE’s Du Posts 57% Rise In Q2 Profit

The telecoms operator made a net profit of Dhs325.5 million in the second quarter of the year.

GCC To Award $65.5bn Construction Deals In 2012

The UAE accounts for the largest share of the region’s construction market, according to new research.

Aluminium Bahrain Q2 Profit Falls 49%

Bahrain’s Alba said that second quarter net profit dropped due to lower prices and higher gas costs.

Olympics: Saudi Judo Player To Quit If Hijab Banned

Wojdan Shaherkani, one of Saudi’s two female athletes at the Olympics, will withdraw from the games over the hijab ban, her father has said.

Emaar profit rises 45% to Dhs1.2 bn, led by retail

Property giant Emaar reports 2012 profit rise citing Dubai’s strengthening economy.

Buy Now Before UAE Rents Go Up

Dubai Property oversupply is vanishing fast, says Peter Cooper, editor of Arabianmoney.net

Etisalat To Offer Shares To Foreign Investors

The UAE telecom operator has ruled out any new investments until 2014.

Saudi Women’s Olympic March Draws Praise, Blame

This is the first time that the Kingdom is allowing female athletes to compete in the Olympic Games.