The figure is down on previous forecasts blamed on a drop in oil production but 5.7 per cent growth is predicted for 2013-2016.
State-owned Jebel Ali Free Zone (JAFZA) attributed the fall in H1 profit to rising costs.
Proceeds from the issue will be used for repayment, said DEWA CEO, Saeed Mohammed al-Tayer.
Dubai’s flagship airline will begin two additional flights to the archipelago, taking its weekly number up to 13.
The country’s OPEC Governor Ali al-Yabhouni said that the UAE will work towards maintaining oil market stability.
Switzerland has lost its appeal to Gulf investors, says Eduardo Leemann, CEO of Falcon Private Bank
Mark McFarland, chief investment strategist, Private Banking at Emirates NBD, says its time for wealth preservation.
Property agents paid labourers to stand in line 48 hours before doors opened in bid to secure new prime location.
The investment bank is reducing staff in Dubai and relocating some jobs to Qatar, say sources.
Wages in the country have risen this year as Western and Asian expats demand higher packages.
United Arab Emirates are once again able to buy weapons from the European country after a previous ban following re-exported grenades is lifted.
The country’s non-oil trade reached Dhs76.6 billion in February this year, according to official statistics.
The UAE network is eyeing up new ventures into core markets, funded by a $510 million sale of its Indonesian stakes.
State-owned Tawazun Holding will build guidance weapons in Abu Dhabi in a joint venture with South African defence company.
Canadian firms have been green lit to provide nuclear energy and materials to the Gulf country as it builds four new reactors.
The UAE-based shopping mall operator hopes to start construction on the project by the end of 2012.
Reports had earlier claimed that unskilled visitors from Asian nations would not be granted UAE tourist visas.
The low-cost airline will now transport goods to Europe, the US and across Asia.
The Dubai carrier will use Airbus’ superjumbo on a permanent service, giving a 46 per cent rise in seat capacity.
The Abu-Dhabi developer behind the country’s railway network appoints Nasser al-Mansoori as its new chief executive.
The Dubai-basd builder made a loss of Dhs11.6 million in the second quarter of the year.
The Northern emirate is boosting its planes to attract wealthy Westerners.
Crescent Petroleum says it is confident that Sharjah-based Dana will find a resolution for its Islamic bond maturing in October.
Haitham Al Kouatly is accused of conning homeowners and tenants out of Dhs6 million in various property locations across Dubai.
Increasing supply in the emirate’s property market will continue to force rents and sale prices to fall, says new report.
E&Y and Arqaam were accused of failing to comply with international accounting standards.
The emirate has Dhs6.5 billion ($1.8 billion) of debt maturing in April 2013.
The UAE-based shopping mall developer made a gross revenue of Dhs10.7 billion for the first half of the year.
The Dubai-based airline has denied it has any plans to buy stakes in any Indian carriers, after rules were lifted last week.
The airport’s cargo capacity is set to increase to 3.1 million tonnes by 2018.