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UAE’s ADIB Q2 Profit Rises 2.3%, Warns On Year

Abu Dhabi Islamic Bank said Eurozone pressures and new regulations in the UAE will hit earnings for the rest of 2012.

Dubai’s DP World Container Volumes Climb 7.5%

The port operator said that it handled 28.2 million TEU (twenty-foot equivalent container units) in the first half of the year.

Dubai Collects Dhs2bn Via Online Payments In H1 2012

The amount collected by the Dubai government’s online payment services in the first half of 2012 increased 21 per cent year-on-year.

Dubai’s DIFC Authority To Split Into Two Entities

Dubai International Centre will split into DIFCA and DIFC Property arms to boost its development.

Australia, UAE Sign Deal For Uranium Sales

The UAE recently granted a licence to Emirates Nuclear Energy Corp for the construction of the country’s first nuclear reactors.

Sorouh Posts 33% Rise in Q2 Profit

Increased revenues from national housing projects boosted the profit made by the Abu Dhabi-based property developer.

Fitness First to create 300-400 new jobs

Health club chain on an aggressive expansion spree across the Middle East with a target of 100 clubs in the next five years.

Nakheel H1 Revenue Up 112% at Dhs3.1bn

The Dubai-based developer posts first half profits of $208.82 million, up 36 per cent from the same period last year.

Dubai Airport’s June Passenger Traffic Up

The busy airport saw a rise in footfall of 13.7 per cent for the first half of the year to 27.93 million with air cargo also increased.

UAE’s Du Posts 57% Rise In Q2 Profit

The telecoms operator made a net profit of Dhs325.5 million in the second quarter of the year.

GCC To Award $65.5bn Construction Deals In 2012

The UAE accounts for the largest share of the region’s construction market, according to new research.

Emaar profit rises 45% to Dhs1.2 bn, led by retail

Property giant Emaar reports 2012 profit rise citing Dubai’s strengthening economy.

Buy Now Before UAE Rents Go Up

Dubai Property oversupply is vanishing fast, says Peter Cooper, editor of Arabianmoney.net

Etisalat To Offer Shares To Foreign Investors

The UAE telecom operator has ruled out any new investments until 2014.

Emaar Buys Dubailand Plot, Plans New Development

Dubai-based property developer Emaar plans to create a mixed-use development in the area.

UAE’s Agthia Posts 38% H1 Profit Rise

The food and beverage company made a net profit of Dhs56 million during the first half of the year.

Etisalat May Take Majority Stake In Mobily

UAE’s leading telecoms company may also look to raise its stakes in other affiliates with high population markets.

Dubai Rents Rise 2% In Q2

Average residential rents for both villas and apartments in the emirate increased during Q2 2012, says new study.

Dubai’s Aramex Q2 Profit Rises 14%

The logistics firm said weakness in Egypt and investment costs in new African operations weighed on its results.

DIFC Benefits From “Safe Haven” Status

The Dubai International Financial Centre (DIFC) economy posted a ‘GDP’ of $3.13 billion in 2011, up seven per cent from 2010.

Dubai’s DEWA Says No Plans For Bond

The utility company is not planning to issue a bond despite a drop in borrowing costs, its CEO has said.

Top UAE Lenders Beat Q2 Estimates

Three of the country’s largest banks have all posted positive results with First Gulf Bank reporting a 14 per cent profit rise.

ADCB Q2 Profit Beats Estimates

Abu Dhabi Commercial Bank posted a net profit of Dhs733 million for the second quarter of the year.

Dubai Starts Tenancy Registration At Post Offices

Residents can now complete residential and commercial tenancy contract registration at select post offices.

Abraaj Names New CEO For Aureos

The private equity firm announced that Tom Speechley, senior partner at Abraaj, will take over as the CEO of UK-based Aureos.

National Bank of Abu Dhabi Posts 2% Q2 Profit Rise

NBAD, the largest bank by market value in the UAE, saw second quarter profit grow on higher net interest income.

First Gulf Bank Q2 Net Profit Up 14%

The UAE-based bank made a net profit of Dhs1.02 billion during the period, beating analysts’ forecasts.

Luxury Goods Market To Grow 15% In Middle East

As Tiffany & Co. announce a new JV in the region, a global report says the luxury goods market is growing.

UAE Has No Plans To Issue Bonds

Finance Minister Sheikh Hamdan says the country will fill any gap “from its own resources.”

Top Five Cities In The Middle East

Three UAE cities feature in the list that ranks cities on economic and social factors, labour rights and quality of life.