The UAE-based mortgage lender recorded a net profit of Dhs18 million during the first quarter of the year.
The UAE Foreign Minister has said that the dispute with Iran concerning Abu Mousa could spiral into an international issue.
The decision to appoint Jim Yong Kim, an American, to the top post has been criticised by developing nations.
National Bank of Kuwait reported a 0.3 per cent rise in Q1 profits year-on-year.
Global fashion store will launch 14 more regional stores this year.
The Dubai-based developer reported a net profit of Dhs1.3 billion for 2011.
Bank Muscat, Oman’s largest lender by market value, posted a net profit of $86.7 million for the first quarter of the year.
The travel firm had to cancel a similar sale two years ago due to a lack of demand.
Mashreq bank chairman Abdul Azuz Al Ghurair is also vice chairman of DIFC’s higher board of directors.
The majority of the licences were issued to businesses in the tourism sector, said Dubai’s Department of Economic Development.
Digital experts have slammed the practice of hiring fake users to ‘like’ a page.
Qatar National Bank has acquired a 49 per cent stake in Libya’s Bank of Commerce and Development for an undisclosed sum.
The Kingdom stressed that it has not signed any deal with Sweden to help build a weapons factory in Saudi.
The bank plans to distribute 55 per cent of its 2011 net profit to the ministry of finance, reported WAM.
Increasing output from OPEC and slow global demand are easing fundamentals, said the International Energy Agency.
Dubai-based builder Arabtec has nominated four top Aabar executives to its board.
Qatar Investment Authority said it is looking to invest $10 billion in India, but is waiting for policies to change in the country.
The two countries are set to strengthen bilateral trade ties, according to the UAE Minister of Foreign Trade.
Oman plans to issue sovereign bonds worth OR200 million this year, but is waiting for the right time, according to officials.
The new system will help in the trading of financial instruments such as derivatives and Sukuks.
A Kuwaiti court ruled that the man’s comments on Twitter caused sectarian divisions in the country.
The UAE-based construction company will eye major contracts in Qatar this year.
The social networking site confirmed that the rival photo-sharing app will not be integrated into Facebook.
Qatar National Bank recorded a net profit of $549 million during the first quarter of the year.
The airport retailer has chosen Dubai Islamic Bank, HSBC and Emirates NBD to arrange its $1.1 billion loan facility.
The carrier said that the loss was “justified” and blamed it on the rising fuel prices.
Qatar Investment Authority (QIA) currently holds a five per cent stake in global mining and metals company Xstrata.
Annual production in the GCC could reach five million tonnes by 2014.
Abu Dhabi National Energy Company (TAQA) booked a profit of $113 million on the sale.
Top finance guru Henry Azzam leaves MENA chairman role, citing no reasons.