The telco made a net profit of Dhs2 billion ($544.5 million) in the three months to March 31, according to a company statement.
Around 31 per cent of the UAE’s online shoppers said that they had stopped online purchases due to extra costs.
The company’s revenue for the quarter also rose 6 per cent year-on-year.
The implementation of measures against financial crime is of growing importance in the region, a new KPMG survey says.
Brace of city hotels to complement upcoming Palm Jumeirah resort
Mohammed al-Omar has asked to resign and will retire from the beginning of next month, KFH said in a bourse statement.
Work on the unit, which lasted a month from March 27, was originally due to finish on April 19 but was extended by a week.
Saudi Arabia has now had 323 confirmed cases of MERS, of which 94 have been fatal.
The firm made a profit of 206.3 million riyals ($56.66 million) in the three months to March 31.
This morning sees the second round of diversions in as many months
The patient, 27, was living in the Saudi capital Riyadh, the ministry said.
In total, 92 people have died of MERS in Saudi Arabia, the ministry said on its website.
Investors subscribed Dhs10 billion ($2.7 billion) to the fixed offer of 275 million shares in Marka , which were priced at Dhs1 each.
Airbus is already working on an all-electric two-seater plane hoping this technology will serve as a step to bringing electric motors on to larger aircraft.
FIFA’s investigation was launched last year into alleged corruption surrounding the voting procedure for the 2018 and 2022 World Cups, awarded to Russia and Qatar respectively.
Arab bankers said they expect to see global banks moving increasingly to sell Middle East retail units or merge subsidiaries with other banks.
Emirates NBD is Dubai World’s biggest creditor with an exposure of more than Dhs9 billion($2.5 billion), against which it has set aside provisions of five per cent
Tech giants such as Facebook, Google and Microsoft have joined hands with many other firms to help fight the Heartbleed bug.
As other Android-device makers swallow chunks of Apple’s market share, many are impatient to see what Apple can come up with next.
Mohammed al-Omar’s resignation as CEO is linked to wider management changes at KFH, one of the sources said.
The Haj ministry said that it is yet to receive directives from health officials about the MERS-coronavirus being an epidemic.
Initially budget airlines will operate at the airport, while other airlines will start services there in May, the airport authority said.
The lender made a net profit of Dhs1.04 billion ($283.7 million) in the three months to March 31, a statement from the bank said.
The state-owned developer is focusing on developing mid-tier real estate projects in Abu Dhabi.
Etihad has so far refused to negotiate with Italy’s unions, which have sunk negotiations between Alitalia and other bidders in the past.
Much of Emaar’s growth is expected to come from projects worth billions of dollars within Dubai.
This latest move likely adds to tensions in the tiny Gulf state, where there are clashes with police in many Shi’ite areas almost every day.
Net profit for the opening three months of the year was 432.4 million riyals ($118.8 million) , a company statement said.
Prince Turki al-Faisal said that the Gulf states should be prepared for any possible outcome from Iran’s nuclear talks with world powers.
The bank’s operating profit reached Dhs151.1 million, up 18.8 per cent year-on-year.