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.
The listing followed a demerger of OCI NV’s engineering and construction business from its fertilizer and chemicals business.
The service will begin from June 1, and raise superjumbo capacity between Dubai and Milan.
The facility is divided into two tranches and will be used to refinance existing debts of NMC and to fund its acquisitions.
The first lululemon athletica store is slated to open in Dubai later this year.
Emaar made an annual profit of Dhs3.29 billion in 2014, up 28 per cent year-on-year.
The GCC states have been mulling the introduction of VAT since 2007 to broaden their revenue base.
The company appointed Abdul Rahman Jareb Rashed Al Hareb as the new chairman, replacing Sheikh Maktoum Hasher Al Maktoum.
He replaces Kris Babicci, who stepped down from the post in October.
NPS secured the refinancing deal from a group of banks and financial institutions.
Dubai plans to launch an Advance Passenger Information System which will raise the security and cut screening time at airports.
The adjournment will allow time for all creditors to sign an agreement which formally pledges each will assent to the plan put forward by Dubai World.
Rushaid, the deputy head of the Muslim Brotherhood in Jordan, had criticised the UAE for designating the pan-Islamic movement as a terrorist group.
Following the expansion, the net leasable area at Manar Mall will increase from 30,000 to 60,000 sqm.
The contractor made a profit of Dhs13 million ($3.54 million) in the last quarter of 2014.
The carrier made a net profit of Dhs64.6 million ($17.59 million) in the last quarter of 2014.
The UAE follows Saudi Arabia, the United States, Germany, Britain, France and Italy in shutting their missions in the Yemeni capital Sanaa.
Four oil majors — ExxonMobil, Royal Dutch Shell , Total and BP — had each held 9.5 per cent equity stakes in the ADCO concession since the 1970s.
The loan is being arranged by Emirates NBD and will have a 10-year term and an amortising structure, sources said.
The UAE looks to grab a larger share of trade with China, outwitting its Gulf peers.
The 38 year-old man developed symptoms on December 29, 2014 and passed away on February 6 this year.
OSN has signed a five-year partnership with the wrestling network to distribute it as a premier channel in the MENA region.
The company said that its revenues will mainly originate through ticketing, hotels and retail segments in the project.
The airline chief said that the US carriers underestimated the level of competition when they signed the open skies policy in 1999.
Brent oil is back around $55 per barrel after a loss of as much as three per cent on Wednesday.
The developer reported a 61 per cent jump in quarterly profit.
The move is expected to help the UAE become the world’s most innovative nation by 2021, said Deputy PM Sheikh Mansour.
The company’s annual profit was Dhs2.24 billion in 2014, almost flat compared to Dhs2.25 billion in 2013.
ENBD raised A$400 million from its last kangaroo bond issue in April last year.