The council rejected a clause that would allow foreign parties to own stakes of up to 100 per cent in companies.
The construction firm attributed the drop to growth in its civil business and the establishment of new offices in Iraq and India.
Gulf Capital, which has around $1 billion in assets under management, did not provide financial terms.
HH Sheikh Ahmed reveals Dubai’s new Al Maktoum International airport is to be inaugurated in October this year.
Chief executive Abdulaziz Al Ghurairis optimistic about the bank’s performance this year.
The announcement marked a rare public appearance from the chairman of DAMAC, Hussain Sajwani.
Work is progressing on the emirate’s key projects such as industrial city, Saadiyat island and Al Maryah island.
Dubai’s ruler Sheikh Mohammed addressed a range of topics during the inauguration of the government summit in Dubai.
Tim Clark says it “could get worse before it gets better” when asked about the Dreamliner issues.
Dubai’s flagship investment vehicle is scheduled to repay a $2 billion loan.
HH Sheikh Mohammed spoke about the Arab Spring, leadership and life.
Platinum members will receive exclusive benefits usually reserved for First Class passengers.
Securing strategic oil storage space at Fujairah has become a top priority for oil producers.
Investors seem to have shrugged off Emaar’s 28 per cent drop in fourth-quarter profit.
The government-owned monopoly made a net profit of Dhs4.65 billion ($1.27 billion) in 2012.
The airline boss said the company’s income will rise substantially in the current financial year despite high fuel prices.
The Dubai investment bank has laid off a third of its staff since 2011 and slashed operating costs.
Tim Clark, Emirates’ president, has said Dreamliner problems will not affect progress of the new 777X.
EICMP will become the first Middle Eastern producer to export camel milk-based products to Europe.
Hungarian oil and gas group MOL’s shares were down 4.1 per cent on Friday, a five-week low.
The loan is expected to help Japan win new and renewing energy concessions.
Emirates boss Sheikh Ahmed tops the Gulf Business list of the most powerful Arabs in the United Arab Emirates.
Decline was expected but still beat forecasts thanks to 10.8 per cent fall in impairments.
The UAE’s finance ministry placed Dhs70 billion with banks to shore up their balance sheets after the the financial crisis in 2008.
Payments worth a total of Dhs46.8 billion were marked as invalid in 2012, a drop of 15.3 per cent.
Study finds 56 per cent of workers are worried about their future finance plans after work.
The UAE government’s two-month amnesty programme ended on February 4, 2013.
The emirate has set its sights on becoming a global centre for Islamic business activity.
Marriott and FedEx Express join the computer giant for the second year in a row in the top three.
The Emirates Banks Association has sent its recommendations on proposed mortgage caps to the UAE central bank.