Eleven Godolphin horses based at Newmarket in southern England tested positive for steroids, including Certify and Opinion Poll.
The investment unit of the Dubai lender plans to raise between $75 million and $100 million for the fund.
The company’s revenues totalled Dhs12.3 billion in 2012, up 7.2 per cent over the previous year.
Wataniya made a net profit of 19.5 million dinars ($68.4 million) in the three months to March 31, down from 28.3 million dinars in the year-earlier period.
The company’s first-quarter profit was likely to be about Dhs190 million, said CEO Khalid bin Kalban.
Saud Alsanousi has won the 2013 International Prize for Arabic Fiction for his book ‘The Bamboo Stalk’.
The bank posted net profit of Dhs1.41 billion ($384 million) in the first three months of 2013.
Dubai-based Michael Helou headed up Barclays Capital in the region, the lender’s investment banking arm.
UAE-based CAI has signed a long-term land rental agreement to operate in Kizad’s aluminium industrial cluster.
But Group CEO confirms there will be no new Metropolitan Hotel on the three-hotel site
The UAE currently produces around 2.7 million tonnes and relies on imports for the rest, according to officials.
Abu Dhabi-listed Dana Gas has won a bid to develop an offshore block in Egypt’s Nile Delta.
The Kingdom’s Shura Council has recommended changing the country’s official weekend.
The low-cost carrier will link Juba with Dubai four times a week.
Dubai’s index rose 1.4 per cent to 1,986 points, its highest level since December 2009.
The business parks now encompass 564 companies with an influx of HR and recruitment names in 2013.
The low-cost carrier introduced three new routes in the first quarter of the year.
The Dubai-based mall is undergoing a massive Dhs2 billion-expansion project.
Pudner is expected to stay as CEO until his contract expires at the end of this year.
The race was untroubled by anti-government protests and reported clashes elsewhere in the tiny Gulf kingdom.
The firm posted a net profit of SAR1.55 billion, attributing the profit drop to charges relating to an Indian affiliate.
Construction of the $1.5 billion condensate refinery is expected to be completed by the second half of 2016.
The firm made a net profit of 110.1 million riyals ($29.4 million) during the three months ended March 31, compared with 100.8 million riyals in the same period a year earlier.
The loan is a mix of Islamic and conventional financing managed by lenders including Abu Dhabi Islamic Bank and Dubai Islamic Bank.
Pudner has been at the helm of Dubai’s biggest bank since 2006 after 24 years at HSBC.
Integrated Tourism Complex developments, such as Muscat Hills and The Wave, help to revive the Sultanate’s real estate market.
Mobily’s revenue for the three months to March 31 was 5.63 billion riyals, up from 5.01 billion riyals from the prior-year period.
Prince Khaled bin Sultan has been removed from his post, replaced by Prince Fahd bin Abdullah bin Mohammed bin Abdulrahman.
Sandro Rosell negotiated the club’s $39.25 million sponsorship deal with Qatar Sports Investments.