The company made a net profit of Dhs76.4 million in the three months to December 31.
SEC said at the beginning of January that it had chosen banks to arrange the riyal-denominated transaction.
Abu Dhabi-based Etihad is reportedly planning to buy a 40 per cent stake in the struggling Italian carrier.
Ras Al Khaimah inks partnership deal with Air Arabia in order to sustain its tourism growth plans
Opening of Rixos Bab Al Bahr in Ras Al Khaimah likely to spur regional interest in nascent sector
Emaar’s latest launch brings in Arabesque-styled villas in the Arabian Ranches expansion.
McDonald’s UAE invested Dhs32 million in 2013, with 11 new stores and five renovations.
The lender made a net profit of Dhs306 million in the three months to December 31, up from Dhs136 million in 2012.
The company recorded a net income of $60.1 million in H1 FY 2014, compared to $39.2 million last year.
The company collected $134 million in Egypt last year and $69 million from Kurdistan.
While flights to both cities are being axed, Bahrain is to be expanded and double-daily Dubai is unaffected
The ranking by Jones Lang LaSalle lists cities that have strong socio-economic and commercial real estate momentum.
Obama will hold a summit with Saudi King Abdullah to ease tensions between the two countries, according to a report.
The UAE is expected to see inflation-adjusted GDP expand 3.9 per cent in 2014 and four per cent in 2013.
The new rules cover the operations and solvency of takaful firms.
Dubai was one of the best-performing stock markets in the world last year.
UN secretary-general Ban Ki-moon will meet with Tony Blair and Russian foreign minister Sergei Lavrov.
The contract is one of the largest construction deals awarded to any builder in the UAE since 2008.
Mounir Kuzbari, EVP and board member, Novus Aviation Capital, explains how the GCC financial sector can better support the capital expenditure obligations of the region’s airlines.
Scoring on Friday proved tougher for most players as Thursday’s lush greens dried out.
Mohammed Rashed Bin Dhabeah will become the CEO of Limitless while retaining his position at Nakheel.
Guest intake was close to 8.8 million guest nights, a 26 per cent rise on 2012.
The Northern Irishman sinked a quintet of birdies from the 12th to the 18th.
Hyatt will target corporate travellers seeking casual hospitality in a hi-tech environment
Ford recently announced its fifth global business unit – Ford Middle East and Africa.
The firm, majority-owned by Ooredoo, made a net profit of OMR10 million.
Investment banks in the Middle East have been growing as regional markets continue to recover from the global financial crisis, says Frost & Sullivan.
The company’s mobile customer base grew 27 per cent to reach 1.27 million mobile customers as of December 31.
GCC states have given Egypt billions of dollars since the army toppled President Mohamed Mursi.
The group is planning to construct two new hospitals in Dubai and one in Sharjah, having a joint bed-capacity of 270.