The emirate sees no need to recapitalise the support fund that helps state-linked bodies, said Sheikh Ahmed, head of the Supreme Fiscal Committee.
The world’s largest Arab carrier witnessed a turnaround in profits in the first half of 2012 despite continued fuel price pressures.
A round up of the day’s news and gossip from the region’s largest oil and gas event.
Commercial demand is increasing in areas like DIFC and Downtown Dubai, says new report.
The investment bank which has been through three CEOs in the past year posts Q3 loss of $3.78 million.
The country has released 290 people convicted of bouncing cheques, reports official WAM news agency.
Sample Central allows members to take products home for free in return for sharing their opinions.
The lender is set to raise $500 million from its offering after big investor interest for its debut deal.
The airline’s president Tim Clark has said the carrier could make its most expensive purchase ever from Boeing.
Dubai-based Emirates will now serve as the official airline of the games and the Queen’s Baton Relay.
The two Abu Dhabi-based developers both reported higher quarterly profit on Wednesday even with asset writedowns.
A report from the UK-based lender says the emirate’s overall debt burden remains a challenge.
UAE investors are holding onto their cash and assets amid the uncertain economic outlook, however India is a favourite for investment.
The two leaders discussed regional and international developments, Palestine and the situation in Syria.
The Abu Dhabi developer’s profit was driven by rising revenues from national housing projects.
Prime Minister David Cameron’s visit to the country comes to an end as both parties discuss a strategic air defence relationship.
The two Gulf countries are planning to buy Lockheed missile-defense systems worth up to $7.6 billion.
Sharjah-based Dana did not repay a five-year convertible Sukuk on maturity last week.
Employees in the private sector will get one- day off to mark the Islamic New Year.
The Dubai-based contractor said it was looking at equity-linked fundraising options.
Khalifa Mohammed al-Kindi is the new chairman while Sultan Nasser al-Suweidi remains governor of the bank.
The Abu Dhabi investment fund said the move was aimed at making documentation more consistent.
The company’s profit rose as it booked gains in the fair value of its investment properties.
Ferrari’s Fernando Alonso fails to regain the championship lead from title rival Sebastian Vettel.
Norway’s Government Pension Fund Global has beaten the emirate to the top spot with assets worth $656.2 billion.
DIB’s quarterly net profit remains flat despite a jump in provisions with impairments worth Dhs309 million.
The two banks signed a partnership agreement to cooperate in trade and project finance.
Project contracts will be awarded by end of 2012, the Roads and Transport Authority has said.
The deal, signed with UAE’s Mubadala, is expected to add $500 million to Guinea’s GDP.
Dubai Financial Market said revenue increased 16 per cent during the quarter to Dhs36.8 million.