The index fell to 53.1 in July from 55.5 in June, recording the slowest growth rate since March 2012
The firm said that its board approved the acquisition of a 35 per cent stake in Sukoon
The new accounting policy will help in appropriately reflecting the companies’ financial performance and increase transparency, a new report says
The privately-owned firm said in a statement revenue for the six months to June 30 was Dhs 13.7bn
The developer reported a net profit of Dhs 1.42bn ($386.6m) for the three months to June 30
The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index climbed to 57.7 points last month from 56.1 in June
The seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index rose to 55.8 points last month from 54.7 in June
The real estate investment trust fund will build the facility and lease it to Jebel Ali School
Previously, customers could obtain cash advances equivalent to as much as 50 per cent of their monthly credit card spending limits
Private equity investments in the Middle East and North Africa rose 118 per cent last year, a new report shows
The firm attributed the profit rise to higher income from its associates and joint ventures and lower costs
Only 13 per cent of investment firms expect to raise their equity allocations to the Middle East in the next three months, a survey shows
The exchanges have established a joint committee which will examine the issue over the next few months
The bank has revised its average inflation forecast for 2016 to 4.3 per cent from 4 per cent previously
A periodic risk assessment by authorities identified deficiencies in Arqaam’s systems and controls to prevent money laundering
He also forecast that the country’s banking sector profits would rise about 10 per cent in 2015
Consolidated government spending is expected to drop to Dhs 460.6bn in 2015 from Dhs 480.8bn in 2014
Group head of internal audit Julian Wynter will replace Mohsin Nathani, who resigned from the bank in April, sources said
The deal was called off in part because ADCB asked at a late stage to select which of RBS’ customers it would take, sources said
The firm, which runs securities trading in Dubai, made a net profit of Dhs 132.4m in Q2
FGB made a net profit of Dhs 1.45bn for the three months to June 2015, up 8 per cent to Q2 2014
They plan to check how investments are being made and whether enough official oversight exists
Emirates International Telecommunications Malta, which holds a 60 per cent share in Go, did not say how it plans to divest its stake
Iran will focus on its oil and gas, metals and car industries with an eye to exporting to Europe, a top official said
ARIG already owns 54 per cent of Dubai-based Islamic reinsurer Takaful Re
Emaar Malls made a net profit of Dhs 412m in the second quarter of 2015
The developer did not provide any details about the projects
A new index finds that the cities are among the most expensive worldwide for beer and wine
Housing and utility costs saw the biggest jump in June as they rose 10.2 per cent, statistics show
The lender made a net profit attributable to shareholders of Dhs 1.28bn in the second quarter of 2015