Mumtalakat made a net loss of 181.7 million dinars versus a net loss of 270.6 million a year earlier.
The new legislation protects maids and drivers but also punishes them for breaking their contracts.
Work is underway on 700,000sqm facility which will be supported by dedicated road feeder services to Dubai International.
A majority of the internet users polled said they preferred virtual communication over face-to-face or telephone conversations.
The offer came just days after ADGAS, partly owned by ADNOC, offered 25,000 tonnes of naphtha for loading from Das Island.
Partnership with Universal Enterprises Maldives will see more Per AQUUM hotels across Middle East, Asia, Indian Ocean and Africa.
The armed forces chief, Abdel Fattah al-Sisi, was given the post of first deputy to interim Prime Minister Hazem el-Beblawi.
Etihad in April agreed to buy a 24 per cent stake in Jet for $379 million and it is also making a $150 million equity investment in Jet’s frequent flyer programme.
The UAE’s financial sector is poised for expansion in the second half of 2013 but hiring depends largely on winning new projects.
Alaeddine Mokri, a student at the Masdar Institute of Science and Technology, has invented the ‘UltraSmart’ – a smartphone tool for engineers and scientists.
High prices on Europe-destined sour crude coupled with weak demand for sour crude in Asia has opened a price gap over the last month.
The telecoms operator made a second-quarter net profit of 1.61 billion riyals, up from 1.42 billion riyals in the same period a year earlier.
Net profit for the three months to June 30 was 339 million riyals versus a profit of 348.9 million riyals in the second quarter of 2012.
The new entity would have total assets worth 4.13 billion rials and a market capitalisation of around $1.76 billion.
Audi’s pre-owned vehicle sales also witnessed substantial growth along with car sales.
New codeshare strengthens partnership with Korean Air beyond the interline and special prorate agreements inked four years ago.
No one was hurt in the dawn attack on the home of Abbas Isa al-Madi, chairman of parliament’s Services Committee.
Qatar-based Al Jazeera reached agreement with TV sports rights firm MP & Silva for access to all 380 Premier League matches in 23 countries.
The Dubai American Scientific School had been rated as ‘unacceptable’ by the KHDA since the 2008-2009 educational year.
The new development will consist of commercial and residential towers as well as the Sheraton Dubai Tower Hotel.
The sharp increase in first-half trading stems from a rise in currency volumes.
Nakilat made a net profit of 182.4 million riyals in the three months to June 30, compared to 204.1 million riyals in Q2 last year.
In April last year, the central bank set limits for how much commercial banks could lend to state-linked borrowers, in an effort to reduce risks.
Dubai’s aviation sector is expected to account for 32 per cent of GDP by 2020, while the sector employs over five per cent of the workforce.
The UAE’s financial ties to Turkey have expanded in recent years as banks look to diversify out of the region’s oil-focused economy.
The 517-seat A380 will be the first permanent superjumbo service to fly into Barcelona and replaces the Boeing B777-300ER.
Luxury brand’s second hotel in the city combines business and leisure.
New facility provides premium passengers with a smoother start to their journeys and less waiting times
Oman’s biggest lender by market value reported a net profit of 63.1 million rials in the first half of 2013, down from the prior-year period.
Kuwait last week joined other oil-producing Gulf states in pledging a massive aid package worth $12 billion to Egypt.