IPIC, which owns stakes in companies such as Spain’s Cepsa and Austria’s OMV, made a net profit of Dhs3.2 billion.
The Dubai developer is now valued at $2.65 billion.
The 42nd National Day of the UAE was marked with fireworks and parades.
The airline did not disclose the value of the agreement or give details about the type of aircraft.
Businessman Victor Dahdaleh is on trial accused of paying some $67 million in bribes to former Alba managers.
Nabeel Rajab was sentenced in 2012 to two years in prison for cases related to organising and participating in protests.
Prior negotiations between the two telcos collapsed around the start of 2013, according to sources.
The competition will become even stronger if sanctions on Iran are lifted in coming months.
Up to 85 per cent of non-resident Indians in the UAE remit their salaries, revealed a survey by Friends Provident.
Sheikh Mohammed urges nation to accelerate growth and warns against complacency during his address on the UAE’s 42nd National Day.
Ibdar was launched as a brand on Monday following the merger of Capivest, Elaf Bank and Capital Management House.
Western sanctions imposed in 2012 on Iran for its nuclear programme have cost the country its market share in OPEC.
Iran’s foreign minister said that the nuclear deal reached in Geneva on Nov. 24 should not be seen as a threat.
Zain Bahrain must float 15 per cent of its shares and list on Bahrain’s bourse by year-end.
Peter Kaliaropoulos’ appointment follows that of Abdulaziz Fakhroo as the telco’s CEO in March.
Sheikh Khalifa also commended Dubai’s Expo 2020 win during his address on the occasion of the UAE’s 42nd National Day.
The bank did not disclose the actual terms of the offer.
The lender lost $39 million in a global pre-paid card fraud.
Shadi Sadeek Sanbar has worked with the firm for over eight years and is seen as a close aide of the Saudi billionaire.
World players’ union FIFPro has said that Qatar must respect international standards for footballers’ contracts.
The project will deliver 2060 megawatts of electricity to SEC under a 20-year agreement
The Dubai developer has asked property agents not to resell off-plan properties until the unit is completed and handed over
In an exclusive interview with Gulf Business, Laurent Abadie, CEO for Europe and CIS, reveals the firm’s comeback plans and a massive drive into B2B.
As the Middle East’s tech landscape is challenged by the use of social media and smartphones, experts warn that companies need to be prudent about their online safety policies.
In Kuwait the authorities have resumed the monitoring of sermons.
Property ownership remains a distant dream for many Saudi nationals, writes Syed Hussain.
Dubai’s Expo win has paved the way for a slew of infrastructure developments in the emirate.
More than 277,000 jobs are forecast to be created between 2013 and 2021, with around 40 per cent of them in the travel and tourism sector.
The index climbed 1.6 per cent to finish at 2,946 points, its highest close since October 2008.
Dubai’s grand expenditure plans for Expo 2020 will add value to the emirate’s economy.