Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.
Dubai Holding has said that Gerald Lawless, executive chairman of the Jumeirah Group, will take on his new role from September.
According to official statistics, the emirate’s non-oil merchandise trade reached Dhs139.4 billion in 2011.
The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.
Abu Dhabi oil company TAQA saw increased profits in H1 2012 owing to strong power and water performance and divested assets.
Dubai trade licences saw a significant jump as UAE confidence steadily rebounds.
The Dubai-based airline will begin operating flights to Tripoli from October 29.
The natural gas company saw a boost in profit because of increased production and higher oil prices.
The UAE-based oil trader looks to hire a CRO as its forced to cut operations in the country by 60 per cent.
The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.
The Eid-el-Fitr holidays for public and private sector companies in the UAE will begin on Friday, August 17.
UAE salaries on average saw a slight increase year on year in 2012 overall, with human resources leading the pack.
The Abu Dhabi-based district cooling utility company appointed Jasim Thabet as its new chief executive officer.
The Abu Dhabi developer reported a net profit of $113.8 million in the second quarter of the year.
Rising administrative and contract costs lead the construction company to post a loss during the second quarter of the year.
The UAE’s largest low-cost airline saw gains from under-served routes last quarter.
Under the deal, EMD Millipore will sell recombinant human insulin manufactured by UAE-based pharmaceutical firm Julphar.
Total bank deposits in the country fell from Dhs1.125 trillion in May to Dhs1.107 trillion at the end of June.
Where in Dubai should you rent or buy? What will it cost you? And is it even worth it? Read what Meghna Pant, features editor of Gulf Business has to say.
The goods seized included 5,300 television sets, 7,000 DVD players and various other devices including stereo sets, pressing irons and vacuum cleaners.
Jones Lang LaSalle and Mace will support the development of the proposed site for the 2020 World Expo in Dubai.
DFM’s net profit fell to Dhs10.2 million during the second quarter of the year, as revenues reduced.
Gulf Business lists the top nine property growers, including Arabian Ranches, The Springs and Palm Jumeirah.
The pharmaceutical company has seen a profit rise of 5.6 per cent for the first half of last year, with operating profit also up.
Emirates’ chairman Sheikh Ahmed bin Saeed al-Maktoum clarified that the deal will not include a revenue-sharing agreement.
Abu Dhabi Islamic Bank said Eurozone pressures and new regulations in the UAE will hit earnings for the rest of 2012.
The port operator said that it handled 28.2 million TEU (twenty-foot equivalent container units) in the first half of the year.
The amount collected by the Dubai government’s online payment services in the first half of 2012 increased 21 per cent year-on-year.
Dubai International Centre will split into DIFCA and DIFC Property arms to boost its development.
The UAE recently granted a licence to Emirates Nuclear Energy Corp for the construction of the country’s first nuclear reactors.