The bank’s net profit for 2014 was Dhs2.8 billion.
Gulf Technical Construction Co will provide civil, architectural and MEP services for a high-rise residential tower in Dubai.
The markets of Saudi Arabia, Kuwait, Oman and Bahrain are closed on Sunday because of King Abdullah’s death.
Officials said that the drones were flown for recreational purpose by members of the public.
A consortium led by the two firms will undertake the construction of the Dubai Trade Centre Jebel Ali development.
The contracts, awarded by ADNOC and ADCO, were awarded to Arabtec’s Target Engineering unit.
A bustling hub for global aviation, Dubai International Airport has not sat idle when it comes to large-scale investments in expansion and upgrades.
UAE President Sheikh Khalifa praised King Abdullah as one of the most notable leaders of the Arab region.
Second Pullman hotel in Dubai targets business and leisure travellers in the fast-growing community
The Gulf country is expected to see a growth of 3.5 per cent for 2015 and 2016, according to IMF’s latest update.
Sarie Ahmed Arar, currently the executive vice president of wholesale banking, will assume the role of acting CEO.
Safi Qurashi has been ordered to pay Dhs11 million to the property developer for a case relating to the Dubai Waterfront project.
The annual shopping festival, running from January 1- February 1, is celebrating its 20th edition this year.
The decrease in oil prices has not had an impact on electricity generation in Dubai, said Saeed Al Tayer.
Alderman Alan Yarrow will visit Abu Dhabi and Dubai during his trip next week, part of wider 12-day GCC visit.
Air traffic in the GCC is expected to grow by six per cent over the next few years, a top industry official said.
Al Mansouri was previously director general of the UAE mGovernment and the deputy director general of the TRA.
Emaar Properties owns 84.6 per cent of EMG, having floated 15.4 per cent of its subsidiary last September.
Renewable energy targets have been revised to 2.3 per cent by 2017 and 15 per cent by 2030.
Although the developer recorded a slowdown in sales during the second half of 2014, prices have stayed the same, says chairman.
The firm is seeking a three-month extension to a debt repayment due at the end of 2014.
The company made a net profit of Dhs3.68 billion ($1 billion) in 2014, up from Dhs2.57 billion in 2013, its chairman said.
Reef Towers will comprise of 378 units and seven retail units, the developer said.
Etihad is in the process of buying a 33.3 per cent stake in Darwin, which has already rebranded itself Etihad Regional.
The loan is expected to help fund the company’s general corporate needs and growth plans, the company said in a statement.
Sicily set to be the fifth Italian destination connected to Abu Dhabi
As part of the deal, Aabar will sponsor the team’s pre-season training camp and receive a certain portion of match-day advertising.
Samsung’s slimmest smartphones to date, the A5 and A3 are priced at Dhs1499 and Dhs1099 respectively.
The emirate’s real estate market is also seeing a growing demand for affordable luxury homes, he said.
The countries are looking to announce their first project this year and are currently reviewing project proposals in the Middle East, a joint statement said.