Ismaik cut his stake to 28.77 per cent from 28.85 per cent, the website of the Dubai Financial Market showed.
Faced with declining sales, Montblanc International CEO Jerome Lambert explains how he hopes to bring the historic pen maker forward in the digital age.
Dubai’s largest lender expects to see its lending grow by four to five per cent this year, the bank’s finance head Surya Subramanian told reporters.
Aramex posted a second-quarter net profit of Dhs80.8 million compared with Dhs72.3 million in the corresponding period of 2013.
Passenger traffic through Dubai’s main airport dropped 8.5 per cent from a year earlier in June to 5.07 million people.
The lender is talking to the country’s markets regulator as well as Abu Dhabi exchange to ratify details of the deal.
Pamper yourself with a high-end holiday this Eid Al Fitr.
DIB’s earnings were boosted by a 34.5 per cent increase in income from commissions, fees and foreign exchange.
Volumes were boosted by new business at its London Gateway facility and Embraport in Brazil.
In March, TAQA said a consortium led by it had agreed to buy the two power plants from Jaiprakash Power Ventures.
The firm made a net profit of Dhs547.7 million in the three months to June 30.
The lender made a net profit of Dhs1.31 billion in the three months to June 30.
Marka’s listing would be the Dubai Financial Market’s first flotation for five years.
The committee, chaired by the UAE’s Minister of Justice, will announce the start of the Shawwal month, signalling Eid Al Fitr.
Real estate deal value in Dubai fell to Dhs52 billion during the second quarter of this year from Dhs61 billion in the first quarter of 2014, official figures reveal.
The lender made a net profit of Dhs585 million ($159.3 million) for the three months to June 30.
The company made a quarterly consolidated net profit of Dhs62.5 million ($17 million) compared with Dhs27.3 million in the corresponding period in 2013.
The low-cost carrier will operate direct flights to the Indian city five times a week from October 28.
Under the new plan, Jet Airways will widen its service network and increase frequencies on its existing routes.
The firm made Dhs12.8 billion ($3.5 billion) in the six months to June 30, it said in a statement.
Residential rents in Dubai grew 20 per cent year-on-year during the second quarter of 2014, with apartments seeing the strongest rise, a CBRE report says.
Japan has been lending 10.7 million barrels of crude tank capacity to the two countries.
The 14-acre luxury resort, located in Jumeirah Beach, features a Spanish-Mediterranean feel with Arabian accents.
The bank made a net profit of Dhs1.35 billion ($367.6 million) for the three months ending June 30.
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 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.