Drake reported a net profit of Dhs52.2 million for the quarter ended June 30, compared with a profit of Dhs32 million in the corresponding quarter in 2012.
The council will create a strategy to develop Dubai’s fashion industry and support existing events in the sector.
Experts advocate the use of solar technology to reduce energy consumption and increase efficiency.
The investment in Marfa Port will be used to develop the port’s infrastructure and maritime leisure facilities.
Card payments, suspended in 2007, will resume with a charge of Dhs2 for all fuel purchases made.
Deyaar, one of the worst hit during Dubai’s property market crash, posted a second quarter net profit of Dhs27.3 million.
The value of commissions, earned by property intermediaries, companies and individuals helps in assessing the value of growth in the real estate sector.
Abbas Yazdi, a British-Iranian citizen, was reported missing on June 25.
Attracting Emirati talent into the finance sector will be a long haul process.
The Gulf is striving to tap its cheap energy supply to become a global aluminium heavyweight, writes Peter Shaw-Smith.
Hilton’s ultra-luxurious brand has opened a 346-room hotel in Ras Al Khaimah.
The Abu Dhabi carrier is awaiting Indian regulatory approval to acquire a $379 million stake in Jet Airways.
Under the deal signed with the Serbian government, Etihad will provide a $40 million loan facility to JAT.
The sale transaction worth $550 million concluded on July 31.
The Dubai-listed firm posted a net profit of Dhs79.4 million in the second quarter of the year.
With hotels battling the double dampener of Ramadan and summer, firms are boosting their coffers through iftar and suhour offerings.
Private sector employees will either get a break from August 8-9 or August 9-10, depending on the sighting of the moon.
Visitor numbers from Saudi Arabia rose by 31.6 per cent during the first half of the year, said DTCM.
The emirate’s recently launched project is receiving strong interest from designers, design academies and boutique hotels, says developer.
The investment firm sold its stake in HFC to Republic Bank, an independent Caribbean bank, for an undisclosed sum.
Despite a bullish outlook on sales growth by MENA CEOs, employment levels are expected to remain flat with businesses adopting a cautious approach.
TAQA’s results were weighed down by derivatives and hedging exposures and a slump in income from its oil and gas business.
The port operator’s volumes dropped in Asia, Europe and the Middle East.
Dubai property prices have soared around 35 per cent from a year ago in June, according to estimates, triggering fears of another bubble.
Government offices will be shut from Wednesday, August 7.
Foreign investments in Dubai’s real estate market increased 73 per cent from H1 2012 to reach Dhs32 billion.
The emirate is setting up a special legal committee to settle disputes related to projects officially cancelled by RERA.
Tickets for a roundtrip between the emirates are priced at Dhs150.
Healthcare job opportunities in the UAE were up by eight per cent from last year but chemicals industry jobs plunged 14 per cent.
India’s foreign investment regulator gave conditional approval to the $379 million deal.