IPIC made a net profit attributable to equity holders in the parent of $1.21bn against $1.92bn in 2013
The regulation will be enforced from August 1, 2015 in order to ensure that all companies comply with the new rules
Kuwaiti authorities have detained 60 people in connection with the bombing and closed a charity for alleged militant ties in raising funds for Syrians
Billions of dollars were spent on assets and expansion but the recent oil drop has impacted TAQA’s operations.
The carrier said it has paid the Dubai government – its parent firm – nearly $3bn in dividends and is financially transparent with no room for subsidies.
The project is the first major initiative of the ‘Museum of the Future’, a scheme to develop and deploy cutting edge prototypes across Dubai
Nasser al-Faresi allegedly called the proceedings of a 2012 sedition trial a “judicial farce” and insulted the UAE’s president and Abu Dhabi’s crown prince
The UAE ranked 15th in an index rating countries’ residency-in-return-for-investment programmes
Arabic-language al-Qabas newspaper quoted security sources as saying that 60 people, including Kuwaiti citizens and nationals of other Gulf states, were detained.
Assets dropped by 8.1 per cent from a year earlier to their lowest level since April 2013, central bank data showed
The drafts will be available for public comment over a six-week period, and the zone plans to accept its first applications for financial service operating licences by the end of this year
Through the deal, both airlines will place their code on each other’s flights between Abu Dhabi and Pakistan
The contract includes construction of 8.5km of beaches, 3.5km of quay walls and 9.5km of rock revetments at two of the four Deira Islands
Mobily shares have been suspended since June, when the market regulator halted trading until the operator disclosed the financial impact of an investigation into its accounts.
Holds on security assistance to the Bahrain Defense Force and National Guard were put in place after Bahrain cracked down on demonstrations in 2011
The clarification came following reports that the transaction fee would rise from 4 to 8 per cent
The woman, referred to as the Reem Island Ghost, killed Ibolya Ryan by stabbing her in a toilet at an Abu Dhabi shopping mall.
For Abu Dhabi’s Mubadala, the purchase is part of a push to invest in assets other than oil.
The cash payment will be funded by the sale of part of its land bank in Saudi Arabia, the company said
Emirates Global Aluminium is currently building a bauxite mine and an aluminium refinery in the West African country.
Dubai’s stock index slid 1.3 per cent, heading for a second straight daily close below its 200-day average
The developer did not disclose the value of contracts.
Saudi Arabia’s Mobily, 28 per cent owned by Etisalat, said earlier that it would reissue its 2014 and first quarter 2015 financial statements
Damac’s latest hospitality project is an 826-key luxury hotel and residences tower on Sheikh Zayed Road.
Airport passenger traffic growth was largely driven by flights from the US, India and Italy.
The interior ministry named the bomber as Fahd Suliman Abdul-Muhsen al-Qabaa and said he flew into Kuwait’s airport at dawn on Friday
The current CEO Ahmad Bin Byat has been promoted to vice-chairman and managing director while COO Fadel Al Ali will take over as CEO
The Saudi Arabian company had already received SAR 250m from Arabian Shield Cooperative Insurance Co in late March
The company made the statement after a team appointed by the Capital Market Authority identified concerns over Mobily’s contracts with customers
UAE’s minister of foreign affairs Anwar Gargash said that recent attacks indicated the severity of the challenge ahead.