Rent prices in the area are up for the first six months of the year, out-pricing costs in Downtown.
The Dubai-based bank made a second-quarter net profit of around Dhs320 million, mainly due to a drop in provisions.
The Dubai-based e-procurement technology provider plans to expand operations across the GCC.
Five mins with… The chairman of Agility, the region’s largest logistics firm.
The emirate’s strong infrastructure investment is fueling growth in the economy, says new report.
Qatar has the highest levels in the Middle East while Egypt sets a record; Lebanon scores the lowest.
The government will ensure shops and supermarkets do not overcharge customers during the Ramadan period.
The country’s first nuclear station will begin construction as the licence is agreed for ENEC and KEPCO.
The low-cost airline carried 1.3 million passengers during the second quarter of 2012, up 15 per cent from Q2 2011.
Working hours for private sector companies have been cut from eight to six per day, the labour ministry has said.
The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.
The new rule, introduced by the central bank, will begin next year and extend until the end of 2014.
The country’s first nuclear plant receives approval from the UAE’s environmental regulator.
Rents for both villas and apartments have increased year-on-year in 2012, says a new report.
The bank has withdrawn from the interbank panel following the Libor scandal in the United Kingdom.
Farnborough Air Show: British defence company plans new $10 billion UAE jet deal with Eurofighters.
Abu Dhabi’s National Petroleum Construction Co and French Technip to build offshore oil facilities.
Government reminds retailers and suppliers not to raise food prices ahead of Ramadan and iftars.
The global technology firm plans to increase regional hiring and open more offices in a major expansion drive.
The Dubai airport retailer will use funds from the international credit facility to finance on-going expansion.
The $500 million Sukuk, EIB’s second issue this year, is priced at par and is due to mature in January 2018.
First half revenues for Abu Dhabi’s airline are up 30 per cent as passenger numbers soar to almost five million.
Total deposits in the country decreased by 1.2 per cent during the month to close at Dhs1.1 trillion.
The country has called for a closer relationship with Egypt as it begins a new era under President Mursi.
New foreign partners, mainly from the Far East, are being targeted as stakeholders of the future.
Abdul Aziz Al Ghurair is the man behind Mashreq, the UAE’s largest privately owned bank. In a rare interview he opens up to Alicia Buller on the greed culture that engulfed the UAE’s banks and lurched the industry into crisis.
UAE-based business has teamed up with global enterprise MSD to target cardiovascular diseases.