The company cut down the jobs as a result of its transition from a “local to a regional business”, it said.
A number of Gulf-based banks have issued, or are planning to issue, Tier 1 bonds or sukuk, including Dubai Islamic Bank and Doha Bank.
The project comprise of two mixed-use towers constructed above the Union metro station on an area spanning 15,000 square metres.
Mubarak al-Mansouri also dispelled claims that the dollar peg might hurt the UAE’s export competitiveness.
The bank’s CEO said that the lender is targeting organic growth in the country and globally.
The two-tower complex – split between 464 hotel rooms and 405 apartments – overlooks Dubai Healthcare City.
The suspect, Alaa Bader Abdullah, is charged for murdering Ibolya Ryan and placing an explosive at the doorstep of another Abu Dhabi resident.
Dubai Design District expects to launch 130 smart initiatives over the course of its development.
State-owned Senaat confirmed that it has shelved plans to go public.
Following the deal, Eiffel Management will own 100 per cent of REIT manager’s total issued share capital.
Apple’s iPhone 5s continues to top the list, according to the latest figures released by the UAE’s telecoms regulator TRA.
The official also said that the company did not have any plans for an IPO.
Hilton Garden Inn Dubai Al Jadaf becomes the brand’s fourth Dubai project
The new five-year facility was structured and arranged by Kuwait Finance House and GIB Capital.
The emirate has an existing law that prohibits more than four satellite dishes on rooftops or any on balconies, walls or garden fences.
Yemen’s president Hadi, who was forced to resign by Houthis, fled to Aden where he has set up a new seat of power.
Ashwin came on early and bowled unchanged for his 10-over spell, picking up four for 25 to inspire India to a nine-wicket victory.
About 21 art sculptures will be unveiled across Dubai on March 1 to spread awareness about the impact of Expo 2020.
At Dhs18.33 billion, the total for deals signed with local and international companies by the Gulf Arab state was the highest at the event.
The airline has confirmed that the A380 flight made a safe landing at the Dubai Airport.
Employee retention is a major concern for HR professionals in the country, says study by Robert Half.
Flights will be subject to increased safety and security requirements, the regulator said.
Town Square will feature 3,000 townhouses and 18,000 apartments in addition to retail, hospitality and commercial units.
The contract is expected to facilitate a performance-based logistics arrangement between the two stakeholders in the future.
Following scented and diamond-encrusted credit cards, a bank has now unveiled plans for a ‘selfie’ card.
Abbas Yazdi, a businessman of Iranian descent who owns a general trading company in Dubai, disappeared in June 2013.
It made an annual net profit of Dhs8.9 billion, up from Dhs7.1 billion in 2013.
He was responding to allegations made by the three largest U.S. airlines, Delta Air Lines, American Airlines and United Airlines.
FGB, the third-largest lender in the UAE by assets, reported a 13 per cent rise in Q4 net profit in January.
The authority inaugurated the first station within its main office on Wednesday.