First Gulf Bank cut close to 100 jobs in November
The firm has reported higher profits in nine of the preceding 10 quarters
The increase in deficit has been attributed to low oil prices and bonds could be issued later this week
The new fee is similar to Dubai’s 5 per cent housing tax
A new decree will levy a 4 per cent fee on hotel bills and a Dhs 15 room charge per night
Bloom Gardens will comprise 372 residential units when completed
Yas Acres will be home to 15,000 residents upon completion
Cluttons expects single digit declines for both markets by the end of the year
Located at the World Trade Centre mall in Abu Dhabi, it will open in 2017
The sustainable urban development has significant growth plans up to 2021
Dubai Walls will feature 15 permanent murals from the world’s top street artists
The bioenergy research facility is located in Masdar City
Schools were shut and airport operations affected by bad weather on Wednesday
The UAE has been hit by severe rain and thunderstorms
Rain and showers are expected throughout Wednesday
No deaths have been reported
Emirate’s Global Market wants to become the GCC hub for financial technology.
The man has been charged with plans to commit acts of terror
He will be among keynote speakers at NBAD’s Global Financial Markets Forum
Declining spend on infrastructure likely to hit non-oil growth
Lender suffers 25 per cent YoY profit decline in Q4
The project has now received the final go-ahead from the Abu Dhabi Planning Council
Abu Dhabi remained the best-selling dealership for Rolls-Royce Motor Cars for the third consecutive year
The contract is for the construction of 1,017 villas at Aldar’s West Yas development
The airport saw passenger traffic dip month-on-month in November
The airport saw the steepest growth in passenger traffic from the US routes, with a 44 per cent surge in travellers
The company is seeking funds to refinance loans taken for the Emal projects, sources said
Rising rates might also impact the bank’s third quarter earnings, the lender’s chief executive said
The 125,000 sq ft attraction will include family-oriented activities and experiences such as sledging, zorbing and luge
The German government has said it will revoke approval for code-sharing by Etihad and Air Berlin on a number of routes which it says are not covered by the current bilateral air services deal