The Dubai-based property developer made Dhs567 million from the sale of condominiums in the third quarter.
No casualties reported as huge blaze engulfs Tamweel tower in the early hours of Sunday morning.
The project, slated for completion in 2015, includes a luxury five-star hotel, a villa complex and a commercial centre.
The contracting firm was hit by higher costs and dropping contract revenue.
The lender did not provide any reason for his resignation.
HSBC Middle East is taking over Lloyds’ retail, commercial and corporate banking business in the UAE.
Abu Dhabi National Energy Company blames loss on construction costs and lower gas prices.
The UAE’s second largest lender secures loan, up from original $800 million after demand from banks.
Retail must accommodate middle-class tourists’ needs as their numbers rise, say experts.
The Dubai firm secures contracts in Saudi Arabia and the UAE ahead of Q3 profit announcement.
Employees in the UAE saw average wage hikes of 5.2 per cent in 2012, says new survey.
The 355-metres tall JW Marriott Marquis Hotel opens its first tower, adding 804 rooms to Dubai.
The company is also looking to expand investment and production in Iraq, its CEO says.
Any person who “derides or damages” the reputation of the state or any of its institutions online will be imprisoned.
Residential rents in the emirate continue to fall but still remain higher than Dubai, says new report.
The low-cost carrier reported a net profit of Dhs226 million in the third quarter.
The emirate sees no need to recapitalise the support fund that helps state-linked bodies, said Sheikh Ahmed, head of the Supreme Fiscal Committee.
The world’s largest Arab carrier witnessed a turnaround in profits in the first half of 2012 despite continued fuel price pressures.
A round up of the day’s news and gossip from the region’s largest oil and gas event.
Commercial demand is increasing in areas like DIFC and Downtown Dubai, says new report.
The investment bank which has been through three CEOs in the past year posts Q3 loss of $3.78 million.
The country has released 290 people convicted of bouncing cheques, reports official WAM news agency.
Sample Central allows members to take products home for free in return for sharing their opinions.
The lender is set to raise $500 million from its offering after big investor interest for its debut deal.
The airline’s president Tim Clark has said the carrier could make its most expensive purchase ever from Boeing.
Dubai-based Emirates will now serve as the official airline of the games and the Queen’s Baton Relay.
The two Abu Dhabi-based developers both reported higher quarterly profit on Wednesday even with asset writedowns.
A report from the UK-based lender says the emirate’s overall debt burden remains a challenge.
UAE investors are holding onto their cash and assets amid the uncertain economic outlook, however India is a favourite for investment.
The two leaders discussed regional and international developments, Palestine and the situation in Syria.
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