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Abu Dhabi’s TAQA 2012 Net Profit Drops 14%

Abu Dhabi National Energy Co (TAQA) attributed the fall in profit to lower gas prices and tax charges.

Dubai’s Deyaar Reports 2.3% Rise In 2012 Net Profit

The property developer made a net profit of Dhs38.6 million last year.

Banyan Tree Seeks Investors For UAE Expansion

CEO targets new partnerships for Dubai and Abu Dhabi properties

Emirates Signs Five-Year Partnership With F1

Emirates boss Sheikh Ahmed bin Saeed Al-Maktoum said the deal was worth “above $10 million”.

Etihad Closer To Signing Deal With India’s Jet Airways

The Abu Dhabi airline is planning to buy a 24-per cent stake in Jet for up to $330 million, according to sources.

Dubai’s ENOC Signs Contract With Qatar For Condensates

Emirates National Oil Company (ENOC) aims to reduce imports of extra light oil from Iran.

Dubai Islamic Bank’s Q4 Profit Up 33.9%, Beats Estimates

The lender said it recorded healthy growth across its asset and deposit bases last year.

Lack Of Funds Slowing UAE’s SME Growth

Although the new SME law passed by the UAE will encourage the sector, more needs to be done, says expert.

Dubai’s Aramex Q4 Profit Up 15%, Eyes More Acquisitions

The logistics firm is eyeing acquisitions and joint ventures in Africa, Central Asia, and Asia.

Air Arabia Reports 13% Passenger Growth In 2012

The low-cost carrier puts its rise in passenger traffic down to its expansion plans.

Etihad’s 2012 Net Profit Triples To $42m

The Abu Dhabi carrier recorded a 17 per cent rise in revenues while passenger numbers rose 23 per cent.

Aldar’s Q4 Net Rises 10% On Lower Impairments

The Abu Dhabi-based developer, currently in the process of a merger with Sorouh, made a fourth-quarter net profit of Dhs200 million.

Mashreq Reports 60% Jump In 2012 Net Profit

The bank’s profit rose on the back of increased fee and investment income.

UAE To Cut Costs Of 6,619 Medicine Brands

Under new regulations, the prices of these medicines will be cut between one and 40 per cent.

Dubai Hopes New Standards Will Make It Global Sukuk Centre

The emirate’s detailed new standards are expected to provide assurances for sukuk holders and traders.

Waha Capital Reports 38.1% Rise In Profit

The Abu Dhabi-company put the increase down to its shares in aviation investee company Aercap.

District Cooling Firm Tabreed’s Q4 Profit Up 30%

The Dubai-listed firm posted a net profit of Dhs68.7 million in the fourth quarter of 2012.

Dubai’s Ruler Approves Dhs3.3bn Nakheel Projects

Sheikh Mohammed has ordered work to start on the Dhs2.5 billion Nakheel Mall project in Palm Jumeirah and Dhs800 million Pointe project.

UAE’s Dana Gas 2012 Net Profit Rises 20%

The energy firm is currently restructuring a $920 million Islamic bond.

Restaurant Review: Can Can Brasserie

Can-Can is perfectly anonymous but also perfectly convenient, particularly if you’re paying the bill.

BlackBerry 10: First Industry Reactions In The UAE

The new smartphone, launched globally on Wednesday, received positive reactions.

Abu Dhabi Stock Market Makes Biggest Monthly Gain In 5 Years

The market rose 9.5 per cent in January, mainly driven by a rise in bank shares.

Dubai’s Emaar Q4 Misses Forecasts As Profits Down 28%

Although revenues rose 20 per cent during the quarter, the developer’s profit was hit by rising costs.

India’s Jet Airways-Etihad Deal Imminent

A government source said Etihad was in talks to pick up a 24 per cent stake in Jet for $330 million.

Abu Dhabi’s Sorouh Q4 Net profit rises 21%

The property firm, which is in the midst of a merger with Aldar, posted a net profit of Dhs118.9 million in the fourth quarter of 2012.

Emirates NBD Sees Q4 Net Profit More Than Triple To $170m

The lender’s profits rose on lower impairments and increased non interest income.

BlackBerry’s BB Z10 To Launch On Feb 10 In UAE

The new touch screen smartphone will be priced at Dhs2,599 in retail stores.

Exclusive Video: Omega Dubai Desert Classic Preview

Golf Digest Middle East editor Robbie Greenfield with interviews and analysis on the historic tournament.

UAE’s NBAD Eyes Overseas For Growth

Earnings from international clients rose four per cent in 2012.

BlackBerry Launches New BB10

Simultaneous launches took place around the world including in Dubai.