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.
The tiny Gulf state also plans to buy 16 tank howitzers from equipment makers Krauss-Maffei Wegmann and Rheinmetall.
The drop from 6.5 per cent a year earlier reflects a fall in Saudi crude oil output over the year.
A physical, mental and spiritual balance is vital to business says Dr. Corrie Block, a regional business development consultant based in Dubai.
No Middle East release date issued by Nokia, as regional vice president believes the new phone will be popular in the region.
The affinity towards luxurious brands and intra-region tourism has helped boost the luxury goods market in the emirate.
The UK group bought Topaz Oil and Gas to expand its growth in the Middle East.
Almost constant factional infighting over the past seven years has prompted repeated elections in Kuwait.
DeVere Group CEO believes that the acquisition of Acuma, a UAE-based wealth management firm, will help further their presence in the Gulf market.