The bank’s net attributable profit for the last quarter of 2014 was $106.2 million.
Sheikh Hamdan is now the second most followed leader in the UAE on Twitter after Dubai’s Ruler Sheikh Mohammed bin Rashid Al Maktoum.
A spate of high-tower fires sends out a worrying picture of Dubai to the world.
The projects include upgrading liquefied gas and refinery facilities for national oil firm Saudi Aramco, the company said.
The blaze gutted the two-storey building, which contained seven shops on the ground floor.
Sources said the deal could close by the end of the first quarter.
The Middle East is the largest market driver in the industry with billions of dollars spent annually on buying military equipment.
No fatalities were reported at the time of publishing.
Almost 57 per cent of online shoppers in the UAE made a purchase via a smartphone in the last 12 months, a new study says.
Abu Dhabi Commercial Bank (ADCB) will meet investors in Europe, it said.
Arqaam has offices in five countries in the MEA and offers brokerage, asset management and corporate finance advisory services.
The new senior managers are expected to help the Dhs10 billion project open as scheduled in 2016.
The airline will fly four times per week to Doha, bringing the total number of destinations from its Ras Al Khaimah hub to nine.
The new projects will be developed by the Wasl Asset Management Group across Dubai.
The firm made a net profit of Dhs512.7 million in the last quarter of 2014, down from Dhs570.3 million in the year-earlier period.
The much-delayed residential project located in Dubailand is set to deliver first 150 villas in Q2 2015.
Banks in the UAE are much stronger than they were during the financial crash of 2008, the chief executive of Dubai’s largest lender said.
Due to the fact that the project is of “national interest”, MSM decided to build it without a partnership, it said.
The majority of employees expect a pay rise of five per cent while only a fraction of employers are set to award that level of increase this year.
The developer said that it appointed five contractors to work on its master developments and hotel apartment projects.
The Dubai-based businessman confirmed that he is currently working on two Hollywood movies.
The tower is also the tallest building in Abu Dhabi and is named after Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum.
The online retailer has expanded into a marketplace, and will host sellers from around the world.
Dubai’s only utility also said it would distribute a cash dividend for the year of Dhs500 million to the government.
Almost 44 per cent of the GCC’s private wealth is focused in Saudi Arabia, while the UAE controls around 30 per cent, a new study shows.
Abrar Khan claimed the airline refused to compensate him after losing his luggage en-route to Dubai.
The strikes were aimed at cutting off their main sources of funding, state news agency WAM said.
HSBC and National Bank of Abu Dhabi, will each provide $60 million each to Etisalat Misr.
Sector-wide profit growth this year is expected to drop to five or six per cent from 22 per cent in 2014.
The UAE’s president and other leaders condemned the killings and affirmed their support to Egypt in rooting out such radical groups.