The Dubai-based developer reported a net profit of Dhs1.3 billion for 2011.
Mashreq bank chairman Abdul Azuz Al Ghurair is also vice chairman of DIFC’s higher board of directors.
The majority of the licences were issued to businesses in the tourism sector, said Dubai’s Department of Economic Development.
Digital experts have slammed the practice of hiring fake users to ‘like’ a page.
The meeting in Riyadh will discuss the dispute between the UAE and Iran over Abu Musa island, sources said.
The bank plans to distribute 55 per cent of its 2011 net profit to the ministry of finance, reported WAM.
The Abu Dhabi-based investment company attributed the loss to negative fluctuations in its financial investments.
Dubai-based builder Arabtec has nominated four top Aabar executives to its board.
The two countries are set to strengthen bilateral trade ties, according to the UAE Minister of Foreign Trade.
The UAE-based construction company will eye major contracts in Qatar this year.
The airport retailer has chosen Dubai Islamic Bank, HSBC and Emirates NBD to arrange its $1.1 billion loan facility.
Annual production in the GCC could reach five million tonnes by 2014.
Saudi Prince Alwaleed topped the list of regional billionaires released by Forbes with a fortune of $18 billion.
UAE banks will have to stop ‘yesteryear’ practices if they are to survive future competition.
Abu Dhabi National Energy Company (TAQA) booked a profit of $113 million on the sale.
The UAE oil production was reportedly at full capacity because of the rising demand.
Dubai International Capital, the private equity arm of Dubai Holding, has reached a final agreement with creditors for restructuring its debt.
The UAE and Qatar also ranked high for their IT technologies on the global index compiled by the World Economic Forum and INSEAD.
The new process, jointly introduced by the UAE and India, aims to improve transparency in the recruitment of workers.
The daily deals website has been facing increasing criticism from customers and investors across the world.
Only one creditor has not yet accepted the $2.2 billion debt restructuring plan proposed by the Dubai-based shipbuilding unit.
According to a new survey, 63 per cent of employees in the UAE expect a wage hike in the next 12 months.
The Abu Dhabi -based carrier recorded a 28 per cent year-on-year rise in revenues during the first quarter of this year.
Korea Electric Power Corp, which is already building four nuclear power plants in the UAE, will begin talks to construct four more in the country.
The move is expected to force all the creditors of the Dubai-based shipbuilding unit to agree to its $2.2 billion debt-restructuring plan.
The UAE-based healthcare provider listed its shares on the London Stock Exchange.
Update: The Kuwaiti developer’s shares have now resumed trading on Dubai Financial Market.
The emirate’s Department of Economic Development (DED) seized more than 24,000 counterfeit products last year.
The UAE has shut down the Dubai office of the National Democratic Institute, a US-funded pro-democracy group.
The acquisition includes the retail, commercial and corporate banking businesses of Lloyds in the country.