The developer attributed the profit rise to the timely completion of projects and the handing over of finished units to customers.
Net earnings in the three months to December 31 were 373.3 million riyals, up 1.2 per cent on the same period a year earlier.
Al Rajhi reported a 19.1 per cent drop in fourth-quarter net profit.
The number of deals in Dubai rose 53 per cent from 2012, reaching a total of 63,652, according to the land department.
A World Economic Forum report finds the gap between incomes is the biggest global risk, followed by extreme weather and unemployment.
SABIC earned 6.16 billion riyals in the quarter, not the 6.58 billion analysts predicted.
TDX is the UK’s largest debt placement services and debt management platform company.
The Israeli delegation will be the first at government level to visit the UAE since the assassination of Mahmoud al-Mabhouh in Dubai.
OPEC sees fast growth in 2014 of 3.5 per cent, up from 2.9 per cent in 2013 as monetary stimulus continues.
Saudi Arabia started opening up its aviation market in 2012 by awarding additional carrier licenses.
Ukraine-UAE inbound market set to double.
With local energy demand surging, green power is rapidly gaining traction.
The academy aims to equip entrepreneurs with practical skills and knowledge they need to become future businesspeople.
Around 49,000 LinkedIn members have moved to the UAE in the last 12 months.
Ahmed al-Qassim was appointed chief executive of Dubai Group last week.
Bombardier has so far seen slow orders for the CSeries after several months of development delays.
The new project, called The Boardwalk, will run across the whole of the existing crescent with a pier at either end.
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The UAE attracted FDIs worth $12 billion in 2013 owing to increased government spending and resurgence in some service sectors.
Land Rover sales in the region were up 49 per cent on the previous year while Jaguar saw a rise of 30 per cent.
Syrian National Coalition is expected to decide this week whether to take part in the Geneva-2 conference in Switzerland.
IBB was majority-owned by another Qatari lender, Qatar International Islamic Bank.
Aziz Aluthman Fakhroo, a Qatari national and a director at the fund’s mergers and acquisitions team, left late last year.
The airport’s passenger terminal will be opened with a larger-than-planned capacity of 30 million.
Middle East energy use will grow by 77 per cent by 2035, double the increase in production.
Reconciliation talks were suspended last week in a setback for efforts to stabilise the country.
An Abu Dhabi company plans to bring the region’s first ever salmon farm to the capital.
IPOs in the MENA region recorded a 133 per cent increase in terms of volume and 114 per cent increase in terms of value compared to Q4 2012.
Etisalat Nigeria could raise $400 million by selling its transmitter towers.
The phone, priced at Dhs1999, will be available in the country by the end of February.