The firm made a net profit of Dhs490.3 million ($133.49 million) in the three months to March 31.
The lender made a net profit of Dhs575 million ($156.6 million) in the opening three months of 2014, it said in a statement on Wednesday.
Deyaar made a quarterly consolidated net profit of Dhs52.1 million ($14.2 million) compared to Dhs19.4 million in the same period in 2013.
The fashion retailer is planning to expand across locations in the Middle East, Eastern Europe and Central and Southern Asia.
Arabtec is trying to evolve from a local contractor into a multinational development company as its finances are boosted by a recovery in Dubai’s property market.
The company had earlier proposed a cash dividend of Dhs0.1 ($0.03) per share plus bonus shares worth 30 per cent of its share capital.
The contractor has won a series of deals in the region recently, including the development of Abu Dhabi’s main airport and the building of a Louvre Museum.
The newly launched airport is expected to see a surge in traffic as Dubai International closes for a runway upgrade.
Dubai carrier targets premium business traffic to and from the EU capital
High demand for the offering has helped MAF reduce the prospective cost of its borrowing.
The agreement includes codesharing, frequent flyer reciprocity, airport lounge access, air pass agreements and cargo cooperation between two airlines.
Company officials previously said there might be a dual listing on Nasdaq Dubai, the smaller of the emirate’s two exchanges, and London.
The airport’s passenger traffic was boosted by the expanding networks of Emirates and flydubai, authorities said.
The scheme allows long term investors and end users to purchase properties without pre-registration even on the launch day.
Dubai’s Expo 2020 Preparatory Committee will submit the mandatory registration dossier for the event in 2015, it was confirmed.
The company handled 6.76 million twenty-foot equivalent units in the quarter, compared with 6.19 million TEU in the corresponding period of 2013.
The Dubai-listed firm made a first-quarter net profit of Dhs58.24 million ($15.86 million) compared with Dhs47.84 million a year earlier.
Around 31 per cent of the UAE’s online shoppers said that they had stopped online purchases due to extra costs.
Brace of city hotels to complement upcoming Palm Jumeirah resort
Bubbles are a natural part of Dubai’s growth cycle, writes the author of ’10 Tips For Leadership In The Middle East’.
Investors subscribed Dhs10 billion ($2.7 billion) to the fixed offer of 275 million shares in Marka , which were priced at Dhs1 each.
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
Much of Emaar’s growth is expected to come from projects worth billions of dollars within Dubai.
The company will use available funds to repay the amount, which is the remainder due on a $555 million facility maturing in December 2015.
The exchange made Dhs215.1 million ($58.6 million) in the opening three months of 2014, compared to Dhs27 million in the same period last year.
The firm will undertake the civil construction portion of the mixed use development in Algiers, it said in a statement.
The company said its profit for the three months to March 31 would likely be Dhs265 million ($72.2 million).
Initial price thoughts on the Islamic bond have been set between 5 and 5.125 per cent.
Newly installed general manager wants a broader range of guests and seeks to capitalise on Emirates’ global network
The launch continues Deyaar’s move into the hospitality sector.