Abu Dhabi’s flag carrier announces daily services will begin early next year.
The net value of properties assessed by the Dubai Land department dropped 26 per cent year-on-year.
Higher capitalisation and new profits in the UAE are threatened by the Eurozone and weak global growth.
The Indian carrier will also resume services to Kuwait and Bahrain from Kochi in its winter schedule.
The Abu Dhabi-based carrier bought over $10 million worth of Virgin shares to raise its stake from 5.1 per cent last month.
Fears of a Euro lending shortage appear overblown as local banks grow their loan books.
New consumer confidence survey reveals there are few jobs currently available in the country.
The biggest hikes were recorded in the prices of fish, vegetables and meat, according to official statistics.
The UAE Central Bank has told lenders to reschedule citizens’ loans by more than 48 months.
RAK Airport sees influx of European and Russian tourists.
Asteco partners with real estate auction website to provide new solution for UAE property owners.
The contracts have been awarded to six international companies including Rio Tinto and France’s Areva.
The contracting company said that higher finance costs for acquisition and contracts provisioning led to the fall in profit.
The developer slashed costs to offset revenue drop following the collapse of Dubai’s property market.
Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.
Dubai Holding has said that Gerald Lawless, executive chairman of the Jumeirah Group, will take on his new role from September.
According to official statistics, the emirate’s non-oil merchandise trade reached Dhs139.4 billion in 2011.
The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.
Abu Dhabi oil company TAQA saw increased profits in H1 2012 owing to strong power and water performance and divested assets.
Dubai trade licences saw a significant jump as UAE confidence steadily rebounds.
The Dubai-based airline will begin operating flights to Tripoli from October 29.
The natural gas company saw a boost in profit because of increased production and higher oil prices.
The UAE-based oil trader looks to hire a CRO as its forced to cut operations in the country by 60 per cent.
The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.
The Eid-el-Fitr holidays for public and private sector companies in the UAE will begin on Friday, August 17.
UAE salaries on average saw a slight increase year on year in 2012 overall, with human resources leading the pack.
The Abu Dhabi-based district cooling utility company appointed Jasim Thabet as its new chief executive officer.
The Abu Dhabi developer reported a net profit of $113.8 million in the second quarter of the year.
Rising administrative and contract costs lead the construction company to post a loss during the second quarter of the year.
The UAE’s largest low-cost airline saw gains from under-served routes last quarter.
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