Third-quarter net profit at the lender fell eight per cent to Dhs1.04 billion from Dhs1.12 billion in the year-ago period.
GEMS plans to begin roadshows in the United Arab Emirates this Thursday with investor meetings scheduled in Asia and Europe next week.
Dubai’s overall average occupancy increased by approximately 7.8 per cent in August compared to the same period last year.
First time expat buyers will have mortgages limited to 75 per cent of a property’s value with UAE nationals limited to 80 per cent.
The A350, designed to compete with Boeing’s 787 Dreamliner and the larger Boeing 777, staged its maiden flight in June.
Traffic for the first nine months of the year stands at 49.4 million, up from 42.6 million for the first three quarters in 2012.
US carrier to focus more on attracting international business and improving digital connectivity.
The international body cautioned the UAE to be proactive in framing policies that would insulate the economy from major problems.
The Korean company is launching two gold editions of the feature-packed Galaxy S4.
The American sports wear giant will become the official kit supplier to the UAE side.
The firm, owned by billionaire Prince Alwaleed bin Talal, attributed the profit gain to an increase in gains on investments
The lender aims for 20 per cent of its revenues to come from overseas markets in five years
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
The Kingdom has backed the rebels battling President Bashar al-Assad
The International Monetary Fund has repeatedly warned against rising government spending in OPEC member Kuwait.
A Kuwaiti investment firm has already expressed interest in trading options.
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.
Khaled Kawan replaces Hassan Ali Juma, who retired from the bank in July
Profit fell to SAR2.853 billion in the three months ended Sept. 30
The telecoms operator made a net loss of SAR421 million in the three months to Sept. 30
The silos will form part of the UAE’s recently announced $4.9 billion aid package to Egypt
Activists posted 12 films on YouTube said to be of women driving on Saturday
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.