The Dubai-based lender saw third quarter net profit rising to Dhs640 million on lower provisioning.
The UAE telecoms operator made a net profit after royalty of Dhs326.9 million in the third quarter.
The first three quarters of the year sees further recovery for Dubai’s debt-laden property developer.
Abu Dhabi’s residential real estate market was stagnant in Q3 2012 as the emirate deals with new incoming supply, but industrial growth will be strong
Gulf Business provides a round up of the Middle East’s biggest ICT event.
The move would make ADNOC the first Middle Eastern producer to export ultra-low sulphur diesel outside the region.
Private sector employees will be given three days, while the public sector will remain closed for four days.
Gulf Business reports live from MENA’s biggest ICT event.
The lender made a profit of Dhs328.5 million during the third quarter of the year.
Bargain-bucket tablets are quickly outselling laptops in the UAE, say retailers.
The Dubai Mercantile Exchange plans to shift its focus away from national oil companies, said its new CEO.
The emirate’s economy grew 6.8 per cent last year, according to government data.
The telecommunications firm operates in 17 countries in Africa, Asia and the Middle East.
The property firm reached a restructuring agreement with creditors on a $1.2 billion loan last week.
Overspending and a lack of financial planning spell an insecure future for UAE residents.
The biometric seat being developed by the car maker will be able to monitor driver wellness and stress levels.
The Saudi telecom giant has made several announcements on the opening day of technology week, including deals with Ericsson, Huawei and Wikipedia.
The property firm will now be owned by the Dubai government.
A step-by-step guide to finding employment in the UAE hub from the CMO of the region’s leading online recruiter, Bayt.com.
The region’s largest ICT event takes place this month from 14-18 October at Dubai’s World Trade Centre.
Manchanda had been acting CEO of the Dubai-based developer since June 2011.
BNP Paribas arranged the deal, which will settle on October 16.
Dubai’s biggest annual technology event hopes to welcome over 130,000 visitors.
Emirates Aluminium reportedly picked Goldman Sachs, Citigroup and Abu Dhabi Commercial Bank for the potential bond.
The UAE’s federal budget deficit reportedly rose to Dhs2.8 billion in January-June, above the government’s original forecast.
The central bank introduced caps for loans made to local governments and their entities in April this year.
Dubai and Australia’s flagship airlines are waiting on the results of a competition watchdog’s ruling ahead of their planned alliance.
UAE’s foreign minister has said the Brotherhood does not believe in the nation state or the sovereignty of the state.
NBAD is looking to reap 10 per cent of its operating income from Islamic banking by 2020, up from three per cent currently.
Abu Dhabi’s flagship airline is looking at more minority stakes to further expand its global reach, says CEO.