The Islamic lender made a net profit of 291.1 million riyals ($79.99 million) during Q1, compared with 387.7 million riyals in the same period a year ago.
The recent escalation of leasing and sales prices in the emirate is concerning, says report.
Both cash gold and futures sank to around $1,321 on April 16, their lowest in over two years.
In Dubai, heavy buying of mid-cap stocks pushed the index up 1.6 per cent to its highest close since November 2009.
The region’s leading e-commerce players are braced for growth in 2013 following a wave of venture capital last year.
The area, known as the Abu Dhabi World Financial Market, is scheduled to come up on the emirate’s Al Maryah island, say sources.
The company said increased depreciation arising from network modernisation had impacted its net profit.
The first of its four daily London flights, QR075, is currently listed as a Dreamliner service on its booking engine – as is the return flight (QR076).
As the world gets smaller individuals have more access to designers and couture items, says Rivaage Boutique founder.
The oil storage terminal, with a storage capacity of over 141,000 cubic metres, will have a direct pipeline connection with the Dubai airport.
The value of real estate transactions in the emirate rose 63 per cent year-on-year in the first quarter of 2013.
The SABIC unit shut its ethylene oxide/ethylene glycol plant for scheduled maintenance.
A statement from Etisalat on Friday could reinforce speculation among some investors that it will also buy the state’s holding.
A shortage of land in big cities has frustrated efforts to build half a million homes – a project ordered by King Abdullah in 2011.
Rick Pudner was speaking at the bank’s Q1 results days after the lender announced he would step down this year.
Before you jump headfirst into the local equity markets, it’s important to gain knowledge of the companies, industries and economy you’re buying shares in.
The success of Etihad’s bet will depend on the capacity of the two airline heads to stay on friendly terms, writes Reuters’ Una Galani.
Priced at Dhs999 in the UAE, the mid-range android smartphone comes packed with features.
Some experts say the GCC suffers from a lack of local halal certification bodies, as buyers opt for European rivals.
The UAE reinstated a visa waiver for Canadian citizens in April which it withdrew amid a dispute over landing rights more than two years ago.
The lure of higher salaries along with shorter working hours and more holidays has seen a large number of Emiratis opting for a public sector career.
The lender posted a net profit of Dhs903 million ($245.8 million) in the three months to March 31, up from Dhs861 million in the prior-year period.
The value of mergers & acquisitions in the region rose to $14.6 billion in the first quarter of the year, finds Ernst & Young.
The media law was passed by the government this month but still needs the approval of parliament.
DP World handled 6.2 million TEU in the quarter, compared to 6.6 million in the year-earlier period.
Net income spike provided some respite for the company after the much-publicised grounding of its Dreamliner programme.
The Dubai bank made a net profit of Dhs837 million in the three months to March 31 compared to Dhs641 million last year.
Sheikh Mohammed said that no horse will run from the Newmarket stable until he is sure the yard is clean.
Supporting smaller firms is a key part of the government’s economic policy but lending growth hit a 22 month low in February.
Emirates Falcon Electromechanical Co specializes in the electro-mechanical building services sector.