The bank made a net loss of 1.8 million rials in Q4 2013, compared to a net loss of 4.77 million rials in the year before period.
Batelco confirmed a deal with Cable & Wireless Communications in 2013 to buy its Monaco and Islands Division for $570 million.
GEMS is aiming to create 10,000 new school places a year with most in the UAE.
Emirates currently has a terminal dedicated to its A380 fleet at Dubai International airport.
Every insurance firm looking to provide health cover in Dubai will have to secure a permit, the DHA said.
The campaign aims to provide the public with authenticated source of news and information.
The new initiative Ro’Ya will help boost the rate of female entrepreneurship in the UAE, experts said.
James Burdett was chief financial officer for ANZ.
Net profit for the quarter was Dhs1.08 billion, slightly lower than Dhs1.12 billion in the year-ago quarter.
Full-year net profit was 32.16 million dinars compared with 30.89 million dinars in the same period a year ago.
Energy CEO of DNV GL says the Gulf needs to look at the cost of energy and its sustainability.
The multibillion dollar deal would include the sales of guns and navigational systems.
The Dubai index has dropped for two consecutive sessions but is still up in January.
Swiss biotech firm Roche has said that it will increase its regional workforce from 300 to 375 in 2014.
Smartphones accounted for 55.1 per cent of all mobile phone shipments last year, says IDC.
Industrial and Commercial Bank of China marks its first project financing deal for a hospitality project in the Middle East
Zain said foreign exchange revaluations wiped $149 million from its full-year profit.
Rapidly rising demand and slow production growth have made the UAE a net importer of gas over the past few years.
The ‘Etisalat Education Technology Centre’ will be used to focus on research and development.
Dubai doubled the registration fee charged on real estate transactions to four per cent last year.
Presently only Delhi, Mumbai, Hyderabad and Bangalore have the required infrastructure for the jumbo jets.
The body will be tasked with promoting the emirate as a prime destination for tourism, business, trade and entertainment.
ENBD’s loans to Dubai government consist of Dhs91 billion out of a total loan book of Dhs238.3 billion.
The UAE-based conglomerate reported revenue of Dhs23 billion for 2013.
The survey also revealed that UAE workers preferred flexible hours to a pay hike.
A 26 per cent rise in net interest income was offset by a 40 per cent year-on-year jump in impairment allowances.
Sunday’s violence followed the death of 20-year-old Fadhel Abbas, who died in police custody.
The bank’s profit was boosted by a rise in net interest income and net fee and commission income.
The telecom operator is expected to start the service via its partner, London’s Lebara Group.
Prime residential sales prices jumped 25 per cent in 2013, Jones Lang LaSalle said.