The firm made a net profit of Dhs 502m in the second quarter of 2015
Oil prices are already under pressure, in part from an oversupply of fuels produced by refiners enjoying healthy margins from cheap crude
The IMF estimated that the UAE’s reform would save it about $500m by the end of this year
Yemeni military sources said the United Arab Emirates had sent in dozens of tanks and heavy artillery pieces to the fighters in recent days
Emaar Misr had previously said that the board would vote whether to amend Alabbar’s position due to his other commitments in the real estate sector
Indians accounted for Dhs 7.8bn of transactions during the first half of 2015, DLD figures show
The airline will also continue its operations at Dubai International
Two communities, consisting of 1,400 and 1,000 villas, will be built for nationals in Wadi Safa and Al Aweer 1
The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index climbed to 57.7 points last month from 56.1 in June
The seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index rose to 55.8 points last month from 54.7 in June
The state-linked builder made a profit of Dhs 601m in the second quarter of 2015
The new project boasts the world’s tallest residential tower, longest indoor ski slope, largest dancing fountain, highest observation deck and highest sky restaurant
Rising spending and falling oil revenues have created a state budget deficit which the International Monetary Fund projects at 20 per cent of GDP this year
The capital’s housing stock saw the lowest level of growth in the last five years, potentially pressuring rents to rise
The real estate investment trust fund will build the facility and lease it to Jebel Ali School
The sultanate is under pressure to pump more oil to make up for the drop in the price
The new service will add 2,900 seats per week between Dubai and Madrid, bringing the total number of weekly seats to and from Spain to over 22,000
Recruitment activity in the United Arab Emirates during Q2 2015 slipped by one per cent from the previous quarter, a new study found
Dubai Metro’s red line saw 55.7 million travellers in H1 2015 while the green line saw 32.4m million riders
The developer made a net profit of Dhs 1.18bn in the second quarter of 2015
The company says only a “small percentage” of its database was breached and that all financial information is secure
Previously, customers could obtain cash advances equivalent to as much as 50 per cent of their monthly credit card spending limits
The suspects had firearms and explosives and had been in touch with militant groups abroad, a senior official said
A shell reportedly fell on a house around dawn in Najran province
Private equity investments in the Middle East and North Africa rose 118 per cent last year, a new report shows
The company has expanded internationally into Lebanon and the United States this year
The Saudi telecom operator slashed 27 months of profits last week
The firm attributed the profit rise to higher income from its associates and joint ventures and lower costs
The airport saw a 17.2 per cent growth in passenger numbers during the first half of 2015
The airline alleges that the big three US carriers are also recipients of government subsidies and support