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.

RAKBank Posts 13.5% H1 Profit Gain

The UAE-based lender reported a net profit of Dhs668.7 million for the first half of the year.

ENBD Q2 Profit Drops 13%

Dubai-based Emirates NBD made a net profit of Dhs647 million in the second quarter of the year.

Dubai’s Old Town Rent Up 10% For H1

Rent prices in the area are up for the first six months of the year, out-pricing costs in Downtown.

Mashreq Posts 12% Rise In Q2 Profit

The Dubai-based bank made a second-quarter net profit of around Dhs320 million, mainly due to a drop in provisions.

UAE’s Tejari To Double Staff By 2015

The Dubai-based e-procurement technology provider plans to expand operations across the GCC.

Tarek Sultan, chairman of Agility

Five mins with… The chairman of Agility, the region’s largest logistics firm.

Dubai’s Population To Grow 4%

The emirate’s strong infrastructure investment is fueling growth in the economy, says new report.

UAE Confidence Levels High

Qatar has the highest levels in the Middle East while Egypt sets a record; Lebanon scores the lowest.

Ramadan Food Prices To Be Fixed

The government will ensure shops and supermarkets do not overcharge customers during the Ramadan period.

UAE Nuclear Power Plant Green Light

The country’s first nuclear station will begin construction as the licence is agreed for ENEC and KEPCO.

Air Arabia Sees Hike In Passengers

The low-cost airline carried 1.3 million passengers during the second quarter of 2012, up 15 per cent from Q2 2011.

UAE Announces Ramadan Timings

Working hours for private sector companies have been cut from eight to six per day, the labour ministry has said.

UAE Ships First Oil Via Fujairah

The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.