The lender made a net profit of Dhs425.3 million ($115.8 million) in Q1, an increase on the Dhs270.8 million from 2012.
The appointment was announced at the Annual Investment Meeting in Dubai. The FCW project is expected to cost Dhs20 billion.
The Dubai-based developer’s profit was hit by increasing sales and administration expenses.
The upcoming theme park has already signed partnerships with Cartoon Network and Marvel.
The development is Dubai-based Damac’s biggest project by size and scale so far.
The majority of the NRIs have investments in illiquid assets and expect familial support during retirement.
Q1 2013 outshines the Q1 2012 figures in hospitality sector
Developers in Abu Dhabi are struggling to emerge from the property market collapse in 2009
World’s second busiest international hub reports strong volumes from Western and Eastern Europe.
LinkedIn connections are displayed on a map and members can enter search parameters.
Majid Al Futtaim is eyeing the acquisition of Mansour Group’s Metro chain and discount grocery store Kheir Zaman.
The UAE has imported $365 millon worth of Polish products including ceramic and chemical products, machines and mechanical devices, and food products.
The move aims to improve operational efficiency and will not lead to staff redundancies, confirms fuel retailer.
FGB made a net profit of Dhs1.05 billion ($285.9 million) in the first three months of 2013, up from Dhs934.7 million in the same period of last year.
Grant Cameron, Karl Williams and Suneet Jeerh were arrested in July 2012 during a holiday in the UAE.
The recent escalation of leasing and sales prices in the emirate is concerning, says report.
In Dubai, heavy buying of mid-cap stocks pushed the index up 1.6 per cent to its highest close since November 2009.
The area, known as the Abu Dhabi World Financial Market, is scheduled to come up on the emirate’s Al Maryah island, say sources.
The oil storage terminal, with a storage capacity of over 141,000 cubic metres, will have a direct pipeline connection with the Dubai airport.
The value of real estate transactions in the emirate rose 63 per cent year-on-year in the first quarter of 2013.
A statement from Etisalat on Friday could reinforce speculation among some investors that it will also buy the state’s holding.
Rick Pudner was speaking at the bank’s Q1 results days after the lender announced he would step down this year.
Before you jump headfirst into the local equity markets, it’s important to gain knowledge of the companies, industries and economy you’re buying shares in.
Michelin-starred chefs Nick Alves and Scott Price have shied away from the rigid confines of three-course dining and experimented with a flexible course system.
The UAE reinstated a visa waiver for Canadian citizens in April which it withdrew amid a dispute over landing rights more than two years ago.
The lure of higher salaries along with shorter working hours and more holidays has seen a large number of Emiratis opting for a public sector career.
The lender posted a net profit of Dhs903 million ($245.8 million) in the three months to March 31, up from Dhs861 million in the prior-year period.
DP World handled 6.2 million TEU in the quarter, compared to 6.6 million in the year-earlier period.
The Dubai bank made a net profit of Dhs837 million in the three months to March 31 compared to Dhs641 million last year.
Sheikh Mohammed said that no horse will run from the Newmarket stable until he is sure the yard is clean.