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.
Bahrain-based investment company net income shrinks in face of Euro woes and asset depreciation.
Dubai International Centre will split into DIFCA and DIFC Property arms to boost its development.
Shooter and rally driver Nasser Al Attiyah claimed the bronze in the men’s skeet competition, Qatar’s first medal in 12 years.
The UAE recently granted a licence to Emirates Nuclear Energy Corp for the construction of the country’s first nuclear reactors.
Qatar aims to host international events and become the sporting hub for the MENA region, the country’s Olympic Committee chief has said.
Increased revenues from national housing projects boosted the profit made by the Abu Dhabi-based property developer.
Under the million-dollar contract, Siemens will supply 19 trams, technology and equipment to Qatar Foundation.
Health club chain on an aggressive expansion spree across the Middle East with a target of 100 clubs in the next five years.
Supply from OPEC members fell by 450,000 barrels per day (bpd) in July to 31.2 million bpd, a survey has found.
Wojdan Shaherkani had refused to take part in the judo competition if she was not permitted to wear the hijab.
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.
Bahrain’s Alba said that second quarter net profit dropped due to lower prices and higher gas costs.
Wojdan Shaherkani, one of Saudi’s two female athletes at the Olympics, will withdraw from the games over the hijab ban, her father has said.
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.
This is the first time that the Kingdom is allowing female athletes to compete in the Olympic Games.
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.
International Bank of Azerbaijan, the country’s largest lender, hopes to start operating in Qatar in the first quarter of 2013.
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.
The logistics firm said weakness in Egypt and investment costs in new African operations weighed on its results.