Construction contracts worth $15 billion will be signed in the country this year according to Ventures Middle East.
The ten-year Malaysian ringgit-denominated Islamic bond carried a 4.65 per cent profit rate.
The mobile app released by Norton in the UAE, will allow parents to monitor their children’s smartphone activities.
More than 1.1 million passengers passed through the UAE capital’s international airport during January 2012.
The airline’s net profit for the fourth quarter of 2011 increased by seven per cent year-on-year to reach Dhs78.7 million.
The telecoms operator will not let go of any UAE citizens as part of the move, which is part of a restructuring plan to cut costs.
The decision follows the ruling of an Indian court to cancel 122 telecoms licences in the country amid a corruption scandal.
The proceeds from the dual-currency loan will be used to fund the first phase of the Al-Sufouh project.
Abu Dhabi-based Al Jaber Group may hire a new CEO as part of a $1 billion restructuring plan, according to sources.
The Health Authority of Abu Dhabi (HAAD) has found that many slimming products contain dangerous drugs.
The company is reportedly in talks with banks for a loan to repay its $3 billion deal that matures in October.
Dubai-based Abraaj Capital is planning to bid for Calik Holding’s media assets, according to sources.
The financial centre welcomed 56 new companies in 2011 and is eyeing companies from emerging markets.
The cash injection into the Dubai Mercantile Exchange (DME) has diluted the stake of Dubai Holding.
The telecoms operator said it is discussing restructuring options as it struggles to stall dropping profits.
The bank has mandated Emirates NBD Capital, HSBC and Standard Chartered Bank to arrange investor meetings.
The transaction is set to create the world’s largest SME focused private equity group.
The recently inaugurated Green Line saw more than 11.8 million passengers during its first five months.
Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.
The bank reported that net profit for the full year increased by six per cent from 2010.
The Dubai government will continue to help government-related bodies, says Sheikh Ahmed bin Saeed al-Maktoum.
This is the first time that the UAE airline, started eight years ago, has recorded a profit.
The civic body said that cost-cutting measures were implemented to achieve a budget surplus in 2011.
Doha-based Mannai is planning to buy 58.8 percent of Damas in a deal estimated to be worth around $445 million.
Abu Dhabi’s Dolphin Energy will use the proceeds to meet its refinancing needs.
Dubai Gold and Commodities Exchange saw volumes increasing 95 per cent year-on -year in January.
The airline is planning an Islamic loan facility to fund two of its planes, according to reports.
The Abu Dhabi lender’s profits fell 19.2 per cent to Dhs135 million during the fourth quarter of 2011.
Abu Dhabi-based investment firm may shed more than half of its staff.
The telecoms operator might also share infrastructure facilities with other carriers.
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