Thousands of North Korean labourers in US-allied Gulf nations

DUBAI, United Arab Emirates — As pressure on North Korea grows over its nuclear weapons program, America’s most valued Arab allies host thousands of its labourers whose wages help Pyongyang evade sanctions and build the missiles now threatening the U.S ... ( read original story ...)

Bank of Sharjah reports Dh152m first half net profit

Dubai: Bank of Sharjah has reported a net profit of Dh152 million for the first half of 2017, down 13.6 per cent compared to Dh176 million for the same period of 2016. “Net profit was affected mainly by a marginal increase in cost of funds, and equity ... ( read original story ...)

Pipeline of IPOs from UAE in full flow as Aramco sale looms

Dubai: Saudi Arabian Oil Co. isn’t the only one keeping IPO markets busy in the Middle East. A slew of companies from the United Arab Emirates, both sovereign-owned and privately held, are lining up initial public offerings in a bid to capitalise on ... ( read original story ...)

Dubai mortgage firm Amlak developing villa project in Mirdiff

Dubai-based mortgage firm Amlak Finance has completed the first phase of its new residential development project in Mirdiff, it announced on Monday. The Dhs135m villa project marks the first time Amlak is developing a fully-owned property. The project ... ( read original story ...)