NBAD now expects lending to grow between four to eight per cent this year, down from its earlier forecast of 10 per cent.
The Dubai-based developer reported profit of Dhs156 million for the nine months of the year.
The Abu Dhabi-based cooling company made a net profit of Dhs167.6 million during the nine months to September 30.
The Abu Dhabi airline’s application for an operating permit was rejected by Ethiopia’s aviation authority.
The airport handled 4.78 million passengers in September 2012.
NBAD, which opened an office in Shanghai earlier this year, plans to expand its presence in Asia.
As per the budget, total spending for the year will be Dhs44.6 billion.
Abu Dhabi’s flagship carrier has bought two new A330-200s and converted seven A320s into the larger A321.
The Sharjah-based gas firm has reached a standstill agreement with bondholders, say sources.
The world’s third-largest port operator recorded a 0.7 per cent year-on-year fall in the third quarter.
The lender has mandated HSBC, Morgan Stanley, National Bank of Abu Dhabi and Standard Chartered to arrange the roadshows.
Construction labour costs in the Kingdom are 51 per cent higher than in Qatar, says new report.
The lender grew its total number of assets by five per cent while its shareholders’ equity dropped by two per cent.
TAQA has a 60 per cent stake in Netherlands’ 4.1 billion cubic metre Bergermeer storage facility.
South African media group Naspers has acquired a minority stake in the Middle East e-commerce site, for a rumoured $40 million.
The massive hurricane is expected to hit the US east coast on Monday evening.
The entertainment venue, which opened on October 21, saw 260,000 visitors during the first two days of Eid.
Data from government department, Dubai Internet City and a local awards highlights the success of expat-owned companies.
The EU resolution that criticised the UAE’s human rights record was “biased and prejudiced,” said a senior minister.
The financing will include a three-year and a five-year revolving credit facility.
After years of bad headlines, the UAE is beginning to transform itself into a sanctuary for eco-tourism.
CEO Francesco Pesci speaks to Gulf Business about the brand’s expansion in the Middle East, its PPR takeover and James Bond.
Apple’s new smaller tablet is expected to ‘officially’ reach UAE shelves within the next three months, say retailers.
The UAE’s leading operator reported third-quarter net profit of Dhs2.21 bilion and revenue of Dhs8 billion.
New alliance will see regional website’s reviews published on global giant’s website.
Dubai’s prominent developer reveals slight drop in Q3 revenue and profit, despite rise for January-September.
About 70 per cent of companies in the GCC are also planning to increase headcount next year, says new survey.
The Dubai-based logistics firm reported third-quarter net profit of Dhs53.1 million.
The onshore pipeline will carry the majority of Abu Dhabi’s oil exports from storage fields in Fujairah.
A consortium led by TAQA made the lowest bid for the Rabigh 2 project in the Kingdom.