The Abu Dhabi carrier is approved to buy 27.3 million shares at 754.74 rupees each on a preferential basis.
The phone is priced at Dhs2,599 and will be available at all major retail outlets in the country.
The Bahrain bank would still have seen Q1 profit of 12.2 per cent without selling its 29.4 per cent stake in Qatar Foundation.
The emirate is rapidly developing new retail space, finds new report.
Eleven Godolphin horses based at Newmarket in southern England tested positive for steroids, including Certify and Opinion Poll.
The investment unit of the Dubai lender plans to raise between $75 million and $100 million for the fund.
The company’s revenues totalled Dhs12.3 billion in 2012, up 7.2 per cent over the previous year.
Wataniya made a net profit of 19.5 million dinars ($68.4 million) in the three months to March 31, down from 28.3 million dinars in the year-earlier period.
The company’s first-quarter profit was likely to be about Dhs190 million, said CEO Khalid bin Kalban.
Saud Alsanousi has won the 2013 International Prize for Arabic Fiction for his book ‘The Bamboo Stalk’.
The UAE-based telecoms operator made a net profit of Dhs1.83 billion in the first quarter, up 1.1 per cent from Q1 2012.
Record market highs fail to secure emerging market status for GCC economies, leaving regional equity markets inconclusive.
The bank posted net profit of Dhs1.41 billion ($384 million) in the first three months of 2013.
Sometimes companies make very bad decisions, such as the launch of New Coke 25 years ago that quickly fizzled out.
Dubai-based Michael Helou headed up Barclays Capital in the region, the lender’s investment banking arm.
The estimated figure is slightly higher than the $34 billion of total dollar issuance in 2012.
UAE-based CAI has signed a long-term land rental agreement to operate in Kizad’s aluminium industrial cluster.
But Group CEO confirms there will be no new Metropolitan Hotel on the three-hotel site
The UAE currently produces around 2.7 million tonnes and relies on imports for the rest, according to officials.
Gold rose $2.72 an ounce to $1,427.86, well below a lifetime high of around $1,920 in 2011.
Abu Dhabi-listed Dana Gas has won a bid to develop an offshore block in Egypt’s Nile Delta.
The Kingdom’s Shura Council has recommended changing the country’s official weekend.
The low-cost carrier will link Juba with Dubai four times a week.
Dubai’s index rose 1.4 per cent to 1,986 points, its highest level since December 2009.
The business parks now encompass 564 companies with an influx of HR and recruitment names in 2013.
The low-cost carrier introduced three new routes in the first quarter of the year.
Brent has lost nearly 10 per cent since the start of April as growth in the United States and China slowed.
The technical outlook for gold has plunged more than 15 per cent so far this year.
The Dubai-based mall is undergoing a massive Dhs2 billion-expansion project.
Pudner is expected to stay as CEO until his contract expires at the end of this year.