The central bank did not give a reason for the drop in spending, but work on some large infrastructure projects has been slowed.
The retail and malls unit of Dubai’s largest developer made a quarterly profit of Dhs321.18 million.
Triple daily services will begin to Mumbai on February 15, and to New Delhi on May 1, 2015.
The rents across Sharjah rose two per cent quarter-on-quarter during the third quarter, a new report says.
The recent surge in cases, now numbering 32 since the start of October, has been focused in Riyadh and the western city of Taif, authorities said.
Investcorp did not reveal the deal value in the statement but said that the new investment will allow it to expand its business.
The suspension was requested because its audit committee was meeting to consider “significant matters relating to its financial statements”, a statement said.
Britain’s prime minister asked Sheikh Tamim bin Hamad Al Thani to consider further funding to help Britain’s push to develop cities in the north of the country.
The lender said it plans to issue 216 million new shares and that the rights issue will raise its paid-up capital by KD21.6 million.
The wrist-worn device has sensors that monitor pulse rate, measure calorie burn and track sleep quality, Microsoft said in a blog post.
The UAE was also one of the top 10 countries globally which improved its rankings in the ease of doing business list as it introduced around 20 economic reforms over the last year.
Kingdom made a net profit of SAR265 million ($70.6 million) in the three months ended Sept. 30, compared to SAR219.9 million in the same period a year earlier.
Jadawel International, a unit of London-based MBI International Holdings Inc., claims Barclays “hatched a fraudulent scheme” to secure the rare Saudi banking license, selling out Jadawel in the process.
Yanbu Aramco Sinopec Refining Co (Yasref) refinery started trial runs in September and originally planned its first exports by November.
Richard Teng, most recently chief regulatory officer at the Singapore Exchange, will be CEO of the regulator at the Abu Dhabi Global Market.
The lender reported a 79 per cent rise in third-quarter profit, beating analysts’ expectations.
There has been a 20 per cent year-on-year surge in the number of UAE residents using credit cards or loans to pay off their current debts, a new survey says.
The airline is the world’s largest operator of the 777 range developed by US-based Boeing.
Godolphin did not disclose the size of the share or its price.
Batelco attributed the profit rise to strong contributions from the group’s international operations.
Revenue for the quarter was Dhs1.98 billion, down from Dhs2.35 billion a year ago.
Experts say that halal pharmaceuticals could be commercially viable due to the growing number of Muslim consumers across the globe.
The price of benchmark North Sea Brent crude has dropped more than a quarter from a high above $115 per barrel in June.
The lender has received regulatory approval for the issue, which would help fund its expansion.
The European Commission said on its website that it would decide by Nov. 17 whether to clear the deal.
Amanat intends to use 70 per cent of the funds from the IPO to invest in healthcare and education.
The spaces are available in Azure Residences and Club Vista Mare, two beachside residential and recreational projects.
Almost half of Etisalat’s third-quarter revenue came from its international operations.
Fifth Sheraton in Dubai has World Trade Centre delegates firmly in its sights
Tasweeq will cut exports to 350,000 barrels per day (bpd) from the current levels of 500,000 bpd.