The Abu Dhabi-based developer, currently in the process of a merger with Sorouh, made a fourth-quarter net profit of Dhs200 million.
The bank’s profit rose on the back of increased fee and investment income.
Under new regulations, the prices of these medicines will be cut between one and 40 per cent.
The emirate’s detailed new standards are expected to provide assurances for sukuk holders and traders.
The Abu Dhabi-company put the increase down to its shares in aviation investee company Aercap.
The Dubai-listed firm posted a net profit of Dhs68.7 million in the fourth quarter of 2012.
Sheikh Mohammed has ordered work to start on the Dhs2.5 billion Nakheel Mall project in Palm Jumeirah and Dhs800 million Pointe project.
The energy firm is currently restructuring a $920 million Islamic bond.
Can-Can is perfectly anonymous but also perfectly convenient, particularly if you’re paying the bill.
The new smartphone, launched globally on Wednesday, received positive reactions.
The market rose 9.5 per cent in January, mainly driven by a rise in bank shares.
Although revenues rose 20 per cent during the quarter, the developer’s profit was hit by rising costs.
A government source said Etihad was in talks to pick up a 24 per cent stake in Jet for $330 million.
The property firm, which is in the midst of a merger with Aldar, posted a net profit of Dhs118.9 million in the fourth quarter of 2012.
The lender’s profits rose on lower impairments and increased non interest income.
The new touch screen smartphone will be priced at Dhs2,599 in retail stores.
Golf Digest Middle East editor Robbie Greenfield with interviews and analysis on the historic tournament.
Earnings from international clients rose four per cent in 2012.
Simultaneous launches took place around the world including in Dubai.
The most significant price rise was seen in villas located in premier locations, finds new report.
Tamweel has been the focus of a full takeover offer by its majority shareholder Dubai Islamic Bank.
The new range of BlackBerry smartphones are expected to determine the future of Canada-based Research In Motion (RIM).
ADCB’s fourth quarter profit rose on higher net-interest income and lower provisions.
The lender’s profits were boosted by higher interest income and Islamic financing.
Most of its staff moved to Khalij Islamic, another investment firm with offices in London and Dubai, says sources.
Banks taking part will also be chosen for future work.
The Dubai index is buoyed by foreign investors buying into the emirate’s economic recovery.
National Bank of Abu Dhabi attributed the profit increase to higher investment and interest income.
The port operator posted a 2.4 per cent rise in gross volume from 54.7 million in the previous year.
The financing for the Jorf Lasfar plant is the largest in over a decade for an international project in Morocco.