The firm’s capital spending and operating expenses each rose by about a third.
The lender, majority-owned by Abu Dhabi’s ruling family, made a net profit of Dhs1.19 billion for the three months ended Sept. 30
Dubai International Capital is in negotiations to sell its 18 per cent stake in Rivoli Group to Saudi-based Al Rajhi Capital, say sources
Private sector employees will now resume work from Sunday, November 3.
Starting from 1 March 2014, the carrier will fly twice daily flights into both destinations.
CEO Adel Ali predicts a minimum five new routes a year as the low-cost carrier flies into its second decade
The Middle East Banking Forum will be held on 26 November, and attract top tier representatives from regional and international lenders.
The silos will form part of the UAE’s recently announced $4.9 billion aid package to Egypt
The “Erbil Downtown” project is due to be completed in three stages over a period of around five years
UAE Prime Minister Sheikh Mohammed said that half of the federal budget of Dhs46 billion will go for development and social benefits
As Dubai hotels continue to cash in on strong demand, room rates in Doha are falling due to stiff price competition.
Dubai Airports’ strategic focus now shifts to second phase operations now the new airport is open to passengers
David Cameron, Prime Minister of the UK, gives his reasons for why the emirate should host the expo.
Nearly three out of four UAE financial advisers are in a growth phase, a study found.
Despite high levels of expenditure on luxury, UAE-based western expats were also found to be spending on investments.
Al Maktoum International Airport at Dubai World Central begins passenger services on October 27.
Al Maktoum Airport at Dubai World Central welcomes inaugural passenger flight today.
The project will include the development of the emirate’s longest corniche, stretching across 14 kilometres.
Dubai-based Mashreq alleged ING Groep NV lost over $40 million of its money by investing it in “toxic” securities.
FGB raised its ownership from 40 per cent to 100 per cent in Aseel Islamic Finance
European low-cost carrier starts four new services this week, projecting Dubai into the realm of two-airport cities
Over $1 billion of the money pledged will go to supply Egypt with fuel
Local banks have been quick to lend more and offer more sophisticated services as international banks nurse lingering wounds.
IPIC has interests in a number of European-based companies, including Spain’s CEPSA and Austrian oil group OMV.
Emaar made Dhs581 million in the quarter ending September 30 compared with Dhs387 million in the corresponding period in 2012.
The new app is designed to help users who suffer from hearing disabilities.
Dubai’s business confidence is at a record high as the announcement of the Expo 2020 host city nears.
The Skycargo division will move its operations to Dubai World Central’s Al Maktoum International Airport in May
The lender made a net profit of Dhs775 million in the three months to September, up 21 per cent from Q3 2012.
Despite signs of economic improvement, banks are still dealing with asset quality problems from the 2008 crisis, says Fitch