The Abu Dhabi developer reported a net profit of $113.8 million in the second quarter of the year.
Rising administrative and contract costs lead the construction company to post a loss during the second quarter of the year.
The UAE’s largest low-cost airline saw gains from under-served routes last quarter.
Under the deal, EMD Millipore will sell recombinant human insulin manufactured by UAE-based pharmaceutical firm Julphar.
Total bank deposits in the country fell from Dhs1.125 trillion in May to Dhs1.107 trillion at the end of June.
Where in Dubai should you rent or buy? What will it cost you? And is it even worth it? Read what Meghna Pant, features editor of Gulf Business has to say.
The goods seized included 5,300 television sets, 7,000 DVD players and various other devices including stereo sets, pressing irons and vacuum cleaners.
Jones Lang LaSalle and Mace will support the development of the proposed site for the 2020 World Expo in Dubai.
DFM’s net profit fell to Dhs10.2 million during the second quarter of the year, as revenues reduced.
Gulf Business lists the top nine property growers, including Arabian Ranches, The Springs and Palm Jumeirah.
The pharmaceutical company has seen a profit rise of 5.6 per cent for the first half of last year, with operating profit also up.
Emirates’ chairman Sheikh Ahmed bin Saeed al-Maktoum clarified that the deal will not include a revenue-sharing agreement.
Abu Dhabi Islamic Bank said Eurozone pressures and new regulations in the UAE will hit earnings for the rest of 2012.
The port operator said that it handled 28.2 million TEU (twenty-foot equivalent container units) in the first half of the year.
The amount collected by the Dubai government’s online payment services in the first half of 2012 increased 21 per cent year-on-year.
Dubai International Centre will split into DIFCA and DIFC Property arms to boost its development.
The UAE recently granted a licence to Emirates Nuclear Energy Corp for the construction of the country’s first nuclear reactors.
Increased revenues from national housing projects boosted the profit made by the Abu Dhabi-based property developer.
Health club chain on an aggressive expansion spree across the Middle East with a target of 100 clubs in the next five years.
The Dubai-based developer posts first half profits of $208.82 million, up 36 per cent from the same period last year.
The busy airport saw a rise in footfall of 13.7 per cent for the first half of the year to 27.93 million with air cargo also increased.
The telecoms operator made a net profit of Dhs325.5 million in the second quarter of the year.
The UAE accounts for the largest share of the region’s construction market, according to new research.
Property giant Emaar reports 2012 profit rise citing Dubai’s strengthening economy.
Dubai Property oversupply is vanishing fast, says Peter Cooper, editor of Arabianmoney.net
The UAE telecom operator has ruled out any new investments until 2014.
Dubai-based property developer Emaar plans to create a mixed-use development in the area.
The food and beverage company made a net profit of Dhs56 million during the first half of the year.
UAE’s leading telecoms company may also look to raise its stakes in other affiliates with high population markets.
Average residential rents for both villas and apartments in the emirate increased during Q2 2012, says new study.