Public transport users can use their expiring NOL cards until they finish their balance amount, RTA said.
NBAD made a net profit of Dhs1.42 billion ($386.6 million) in the three months to June 30, the bank said in a statement.
The bank made a net attributable profit of Dhs1.06 billion ($288.6 million) in the three months ending June 30, it said in a statement.
The Loretto project, which has nearly 300 luxury apartments, is located in Damac’s flagship AKOYA development.
The main index rose 3.2 per cent, its biggest rise since April 2012, to a fresh six-year high of 10,062 points in the first hour of trade.
Saudi Arabia plans to open its stock market to direct investment by foreign financial institutions in the first half of next year.
The number of flights to the airport surged 31 per cent with the opening of both the runways, Dubai Airports said.
Residential sales prices in the emirate grew seven per cent in the second quarter of 2014, a new report says.
The new department store, spread across 200,000 sqft, will showcase over 200 global brands.
Dubai’s main stock index fell 1.4 per cent as builder Arabtec declined by 3.7 per cent.
Waha, whose shareholders include Abu Dhabi government entities, made Dhs1.14 billion in the second quarter of the year.
The Islamic lender’s net profit for the three months to June 30 was $129.5 million.
Net profit rose despite a drop in sales despite a drop during the first half of the year.
A statement from the cabinet did not specify a timetable for the market to be opened.
The Marina 101 project in Dubai, being developed by Sheffield Holdings, is slated for handover in early 2015.
In April, the IMF had forecast GDP growth in the Kingdom to reach 4.1 per cent for 2014.
The drop was caused by a provision against a scrapped network sharing deal with Atheeb Telecom.
A final decision on the winning firms is unlikely before early 2015 as the country decides whether to bring in Asian firms or stick with old partners, sources said.
The Indian firm will have 51 per cent ownership in the joint venture called Tech Mahindra Arabia while Saudi-based Midad will have a 49 per cent stake.
Net profit rose to KD28.51 million ($101 million) in the three months to June 30 from KD26.8 million in the same period a year ago.
Net profit in the three months to June 30 was SAR191.2 million ($51.0 million), compared to SAR165.2 million in the same period a year earlier.
The company made SAR3.66 billion during the three months to June 30, compared to SAR1.50 billion during the same period of the previous year.
Dubai Municipality plans to begin restructuring all the major parks in the emirate to make them more accessible for disabled people.
A HSBC survey found that business relationship benefits and competitive pricing were driving UAE businesses to adopt trade in Renminibi.
STC changed the valuation of last year’s sale of a majority stake in Indonesia’s Axis from a SAR598 million loss to a SAR41 million gain.
The firm, owned by billionaire Prince Alwaleed bin Talal, attributed the rise to an increase in gains on investments and dividends income.
Arabtec tumbled its 10 per cent daily limit while the Dubai index dropped 3.9 per cent.
A plan is expected to be put together within three months.
Arabtec shares have been swinging wildly in recent weeks, moving the entire Dubai stock market.
The former telecom monopoly, which operates in 19 countries, made a net profit of Dhs2.5 billion.