The fund made a profit of Dhs455 million in 2012, compared with a loss of Dhs3.2 billion in 2011.
The $500,000 vehicle will ‘help to facilitate policing on highways’ as it’s capable of a top speed of 350 km/h.
Emirates targets growing bilateral trade links and outbound Swedish leisure traffic
The grand prix was cancelled in 2011 but went ahead last year despite calls by activists in Bahrain and campaigners abroad for teams not to race.
Abu Dhabi-based Etihad is mulling the acquisition of a 49 per cent stake in the indebted Serbian airline.
The former US President says the emirate’s model of “shared prosperity” is an inspiration for the Middle East.
Kuwaiti telecoms operator Zain holds a 56.3 per cent stake in Zain Bahrain.
The Dubai-based lender is accusing Netherlands-based ING of losing 40 per cent of a $108 million investment.
The conglomerate is currently in the midst of a $4.5 billion debt restructuring.
Gold had dropped $4.35 an ounce to $1,553.79 by 0037 GMT, after hitting its lowest since April 5 at $1,553.10.
The Abu Dhabi-based carrier is eyeing up a 24 per cent stake in the Indian airline, valued at around $330 million.
The shorter GITEX technology event in March indicated 2013 will be dominated by tablet computers, mobiles and accessories.
The OPEC member produces three million barrels of oil per day but its gas production is relatively low.
This is the developer’s fourth project launch so far this year.
The gas-rich Gulf state has already provided Cairo with $5 billion in loans and grants since Egypt’s Islamist President Mohamed Mursi was elected last year.
The lender’s profit was boosted by a jump in both lending and customer deposits portfolio.
Mohammed Alabbar was speaking at Emaar’s AGM where shareholders approved a 10 per cent cash dividend.
James Hogan, CEO of Abu Dhabi-based Etihad Airways says it is not about being the biggest, but about being the smartest.
The lender recently opened an office in Australia, and plans to open one in Sharjah.
SABB saw first quarter net profit rise 11 per cent, while Saudi Hollandi’s net profit rose 19.4 per cent.
The 6.3 magnitude quake totally destroyed one village, but the nearby Bushehr nuclear plant was undamaged.
The survey showed 67 per cent of Arab youth feel better off following the Arab Spring.
The new move, to be introduced in mid-June, will allow customers to make automatic loan payments from their bank accounts.
The 6.2 earthquake that hit Iran on Tuesday was about 500kms away from Abu Dhabi, with tremors affecting the entire GCC.
Social media users reported their ‘experiences’ of the earthquake tremors in a flurry of tweets.
Oman’s merchandise trade surplus reached $24 billion last year.
Lead arrangers released official price guidance at 3.125 per cent after suggesting the low three per cent area as an indicator.
Local reports stated that a young man was sentenced to be surgically paralysed after stabbing a friend who was also left unable to move.
New regional president is a 35-year Starwood veteran who most recently served as senior vice president and director of operations for Western Europe.
Yousuf Al Serkal is one of four candidates vying for Asian football’s top job.