The real estate firm recorded improved sales in established communities such as Downtown Dubai and Dubai Marina.
Dubai opens its boat show as survey reveals 60 per cent of world’s top 100 superyachts are in the Middle East.
International Finance Corp is to buy into the lender with a 5.28 per cent private share placement.
The group will now be known as UAE Banks Federation to better reflect ‘the union of UAE banks’.
Last year the operator wrote off the $827 million value of its Indian operation in its 2011 fourth-quarter results.
The lender said earlier this month it was seeking regional acquisition targets after selling a 29.4 per cent stake in Qatar’s Ahli Bank.
King Abdullah is seen as having pushed to cautiously advance the role of women in Saudi society.
Qatar Holding’s vice-chairman says the firm will invest in shares, bonds and private equity.
The developer is showcasing its Dubai-based properties to Indian investors.
The tiny Gulf state will spend $220 billion in total as part of its National Vision 2030.
Aldar, which has been bailed out by the Abu Dhabi government over the past two years, plans to merge with rival Sorough.
As part of the contract, DSI will undertake MEP works for a mixed-use real estate development in Doha.
The telecoms operator made a fourth-quarter net profit of Dhs994 million, up from Dhs440 million in Q4 2011
The Abu Dhabi-listed energy firm missed repayment of its $920 million sukuk last year.
The largest deal was for 750 mine-resistant, ambush-protected, all-terrain vehicles from Oshkosh Corp.
The money will be disbursed on an annual basis over the next 10 years.
Once again, Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud tops the Gulf Business power list. In an exclusive interview, he opens up to Aarti Nagraj on how it felt to double his share price in 2012 and why he fears for the Saudi unemployment timebomb.
The contract covers building the hotel as well as maintaining its development for one year.
Rafale jets have the UAE interested but Eurofighter chief says India deal is far from closed.
The company will sell 21.4 million new shares to existing shareholders priced at 45 riyals each.
Move provides Emirates with an avenue for growth beyond Manila and travellers with more flying options
A sharp camera and enhanced connectivity are among the model’s attributes
The value of the deal was not disclosed, but it is estimated to be between $150 to $300 million.
Having doubled in value the past 10 months, shares have slumped in the last three weeks as both companies struggle to seal an agreement.
France is hopeful of selling 60 Rafales to the UAE despite criticism of the plane’s manufacturer in 2010.
KFH, Kuwait’s biggest Islamic lender, started a restructuring programme last year.
Abu Dhabi’s TAQA said that two columns of oil have been found since drilling began in November.
The development in Karachi may reportedly include the world’s tallest building.
Airline says no upper deck doors opened mid-flight, nor was there any loss in cabin pressure
Ali Rashid Lootah dismissed concerns over Nakheel’s ability to repay its debts, which include a Dhs3.8 billion sukuk.