Abu Dhabi’s benchmark stock index headed for the biggest advance in almost a month after profit at the emirate’s largest real estate developers rose on an increase in home deliveries in the United Arab Emirates capital. (read more here…)
DUBAI (Reuters) – Islamic finance may face its biggest shake-up in years as a top standard-setting body seeks to reform the way the industry does business, including the role of highly paid scholars in enforcing religious principles. Khaled Al Fakih, the new secretary-general of the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions...
By Adam Schreck, The Associated Press DUBAI, United Arab Emirates – Dubai says it now has full control of the Atlantis resort hotel perched atop its palm-shaped island. State-run investment firm Istithmar … (read the story…) – BUSINESS
It has a staggering amount of fantastic restaurants, enough retail opportunities to satisfy the most rampant shophaholic and a burgeoning art scene. (read full story…)
(MENAFN) Emaar Properties, UAE's largest developer, posted a 44 percent increase in quarterly profits, on increased property sales in Dubai and strong revenue from shopping malls business, Arabian … (read full story…)
Sorouh Real Estate PJSC (SOROUH) , Abu Dhabi ’s second-biggest property developer by market value, said first-quarter profit climbed 30 percent as sales increased. (read more here…)
First edition addressing medical tourism in the Middle East to be introduced at Arabian Travel Market conference (PRWeb April 28, 2012) Read the full story at http://www.prweb.com/releases/2012/4/prweb9450754.htm (read the story…)
Healthy demand for Dubai’s first sovereign bond issue in nearly a year shows how pleased investors are by the emirate’s strategy of scrupulously honouring its public debt obligations while playing hardball in restructuring bank loans. (read more…) – FINANCE
Former Deutsche Bank, Goldman Sachs exec Gary Anderson to continue growth strategy (read the story…) – BUSINESS
United Arab Emirates (UAE) Ambassador to the Philippines Moosa Abdulwahid Alkhajah is being accused of sexual harassment by two Filipinas who used to worked as house helpers in his residence in Manila, ABS-CBN News reports . (read on here…)
Middle Eastern wealth funds including Qatar Holdings and Abu Dhabi’s Mubadala fund have held talks with Lloyds bank bidder, NBNK, to bolster its £2bn approach for the 632 branches Lloyds is struggling … (read more here…)
A giant flat 3D painting, drawn over an area of 1,700 metre square on the terrace of the eighth floor of a 41-storey hotel in Dubai, was inaugurated Saturday. (read more here…)
A 40-storey residential building in Sharjah in the United Arab Emirates (UAE) Saturday caught fire, but there were no casualties. (read more here…)
Divers take part in a campaign to clean up Abu Dhabi's four ports yesterday. Their finds included discarded tyres, metal frames, plastic boat parts and pipes. Photos by Sammy Dallal / The … (read more here…)
A new database will give health officials in the capital access to detailed records on the number of people suffering from heatstroke this summer. The information will be gathered through a new … (read more here…)
