The firm, which runs securities trading in Dubai, made a net profit of Dhs252.5 million.
On Thursday, the Dubai bourse said it was suspending trade in Arabtec pending clarification on media reports about strategic partners’ stake in the firm.
Airlines temporarily operating into Al Maktoum Airport at DWC will return to Dubai’s main airport once it’s back to full capacity.
Housing, water, electricity, gas and fuels recorded price increases of 4.6 per cent during the first six months of the year.
Dubai’s index slipped 0.7 per cent as property stocks retreated.
Emirates, the largest customer for the Airbus A380, had ordered 140 of the aircraft as of November.
Trading in Arabtec’s shares were suspended following media reports of Aabar increasing its stake in the company.
The Abu Dhabi state fund is looking to raise its stake in Arabtec to almost 30 per cent to become the major stakeholder, a source said.
The developer signed a Dhs6 million contract for a beachside entertainment complex in Palm Jumeirah and confirmed that it has signed the contract for Deira Islands Mall.
The project is expected to be launched in the next 12 months, confirms CEO George Kostas.
The project will comprise of residences, two international schools, nurseries, three hotels, mosques, a clubhouse, a retail centre and restaurants.
At just one hour 45 minutes, the new flight will be Emirates shortest A380 route globally.
The new five-year facility is split between a $2.39 billion conventional loan and a $610 million sharia-compliant tranche.
Net profit in the three months to June 30 jumped to Dhs6.2 million ($1.7 million) from Dhs1.3 million a year earlier.
The order is for engines that will power the 150 777X jets that Emirates is buying from Boeing.
Shisha cafes benefitted the most as they drew late night crowds with suhour menus and live streaming of soccer games.
The company said that its shareholders had approved issuing a bond that would allow a strategic investor to buy into the company.
Policymaking complacency and the launch of larges scale projects such as Mall of the World could lead to property bubble, finds report by the Bank of America Merrill Lynch.
Dubai jumped 23 spots to rank as the 67th most expensive city in the world for expatriates.
The initial phase extends over 2 km, from the Dubai Sailing Club up to a point close to the Dubai Municipality’s Center at Umm Suqeim.
The Dubai construction firm lost almost 50 per cent of its stock value after stakeholder Aabar cut its stake and former CEO Hasan Ismaik resigned.
Dubai’s property market is showing signs of overheating, but banks seem better insulated this time around, say experts.
The emirate is expected to receive around 12 million overnight international visitors in 2014, a new study says.
Dubai carrier chalks up double-decker milestone with Kuwait and Mumbai next to join the A380 network
Dubai’s only listed crude oil shipper said it had written off accumulated losses worth Dhs1.1 billion.
Strong revenue from property development along with improving performance in Nakheel’s retail, leasing and leisure businesses contributed to these results, the company said.
Deal first announced as a commitment at the 2013 Dubai Airshow has now been finalised
DP World owns one-third of Djibouti’s Doraleh Container Terminal.
The offer is open to investors in Damac projects in the Burj Area, Dubai Marina, Jumeirah Village and AKOYA by DAMAC.
Dubai carrier decides to call time on Ukraine service which launched in January