Net profit rose to KD28.51 million ($101 million) in the three months to June 30 from KD26.8 million in the same period a year ago.
Net profit in the three months to June 30 was SAR191.2 million ($51.0 million), compared to SAR165.2 million in the same period a year earlier.
The company made SAR3.66 billion during the three months to June 30, compared to SAR1.50 billion during the same period of the previous year.
Dubai Municipality plans to begin restructuring all the major parks in the emirate to make them more accessible for disabled people.
A HSBC survey found that business relationship benefits and competitive pricing were driving UAE businesses to adopt trade in Renminibi.
Saudi Arabia led the GCC activity in the first half of the year with four IPOs, followed by the UAE with three.
STC changed the valuation of last year’s sale of a majority stake in Indonesia’s Axis from a SAR598 million loss to a SAR41 million gain.
The firm, owned by billionaire Prince Alwaleed bin Talal, attributed the rise to an increase in gains on investments and dividends income.
Arabtec tumbled its 10 per cent daily limit while the Dubai index dropped 3.9 per cent.
A plan is expected to be put together within three months.
Arabtec shares have been swinging wildly in recent weeks, moving the entire Dubai stock market.
The former telecom monopoly, which operates in 19 countries, made a net profit of Dhs2.5 billion.
The start of double-decker services marks the end of a long negotiating road for Emirates and start of new passenger transfer opportunities
New steps include a requirement that firms set up bank accounts for workers and pay wages electronically and a mid-day work ban in summer.
The 13-day bloodshed in the Middle East has cost more than 400 lives.
Tim Clark said domestic regulators may decide to be more involved in giving their carriers guidance on where it is safe to fly.
The ministry asked for a three-month suspension of Al-Wefaq National Islamic Society.
The purpose of issuing bonds is to meet the requirements of Basel III, according to a senior official.
In May, the lender got regulatory approval to purchase much of Barclays’ retail operations in the UAE.
Mohamed al-Mady said the global outlook for petrochemical demand over the next three years is positive.
The first phase of traffic diversion will take place in the Dubai-Abu Dhabi direction near Safa Park, RTA said.
Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market to close six per cent lower.
Fans from the UAE, Saudi Arabia and Qatar made up 70 per cent of total Middle Eastern spend during the global tournament.
Residential rents in the emirate also rose 24 per cent year-on-year during the second quarter of 2014, according to a JLL report.
Under the deal, Strata will outsource the treatment of composite materials for the production of A380 Flap Track Fairings to PCT.
Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market, where the main index dropped 5.4 per cent.
The lender had repaid the rest of its total Dhs12.6 billion of support in 2013.
Aabar’s statement followed media reports last week that said the fund was in talks to buy at least part of the 28.85 per cent stake owned by Arabtec’s former chief executive Hasan Ismaik.
Any potential tie-up between the pair would be subject to both firms agreeing terms as well as receiving the approvals of shareholders and regulators.
The lender reported a net profit of Dhs515.6 million for the three months to June 30, up from Dhs488.3 million in the same period last year.