The UAE lender has not opened a new branch in Dubai for almost 14 years and yet it reported a rise in net profit of 24 per cent for 2012.
Japanese Oil Development Co. owns 12 per cent of the Abu Dhabi Marine Operating Company oil and gas concession which expires in 2018.
Dominic Ellis, editor of Business Traveller Middle East and seasoned pro at ATM, gives his guide to surviving the week.
Abu Dhabi clean energy company Masdar has signed an MoU with UK’s GIB.
The contractor reported a net profit of Dhs63 million ($17.15 million) for the quarter ended March 31, compared with a profit of Dhs37.6 million in 2012.
The telco made a net profit of Dhs467.9 million ($127.38 million) in the three months to March 31, up from Dhs333.13 million in the year-earlier period.
The Global Marketplace Abu Dhabi could become a competitor to Dubai, currently the Gulf’s premier financial centre.
Emaar’s Alabbar has suggested Dubai may build a tower taller than the Burj Khalifa.
A study by the director of Abu Dhabi’s INSEAD business school warns homogenous teams at work can be dangerous.
The Taj project, which will be constructed by the Link Global Group, will be one of the focal points in the huge FCW development.
The Dubai-based developer has already tied up with high-end brands such as Fendi, Paramount and Versace.
Dubai’s Emaar chairman says trade is part of human DNA but risks can be minimised.
Competition between the emirates encourages excellence, say officials.
The complex is to be a cornerstone of the huge Mohammed bin Rashid City, announced last year by Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum.
New small-scale property targets travellers seeking privacy and personalised services.
The $3.4 billion bank financing was split between a $2.925 billion portion from commercial lenders and $475 million from Islamic banks.
HH Sheikh Khalifa will meet prime minister David Cameron on Wednesday.
The 30-year venture puts Shell in position to renew its role in the UAE’s largest onshore oil concession when that contract comes up for renewal next year.
The lender made a net profit of Dhs425.3 million ($115.8 million) in Q1, an increase on the Dhs270.8 million from 2012.
The appointment was announced at the Annual Investment Meeting in Dubai. The FCW project is expected to cost Dhs20 billion.
The Dubai-based developer’s profit was hit by increasing sales and administration expenses.
The upcoming theme park has already signed partnerships with Cartoon Network and Marvel.
The development is Dubai-based Damac’s biggest project by size and scale so far.
The majority of the NRIs have investments in illiquid assets and expect familial support during retirement.
Q1 2013 outshines the Q1 2012 figures in hospitality sector
Developers in Abu Dhabi are struggling to emerge from the property market collapse in 2009
World’s second busiest international hub reports strong volumes from Western and Eastern Europe.
LinkedIn connections are displayed on a map and members can enter search parameters.
Majid Al Futtaim is eyeing the acquisition of Mansour Group’s Metro chain and discount grocery store Kheir Zaman.
The UAE has imported $365 millon worth of Polish products including ceramic and chemical products, machines and mechanical devices, and food products.