Leading Dubai banks post strong set of first-half results

Dubai: Leading Dubai banks such as Emirates NBD (ENBD), Emirates Islamic (EI) and Dubai Islamic Bank (DIB) posted their first-half results on Wednesday, reporting strong operating performances supported by declines in costs, lower provisions and improved ... ( read original story ...)

Good news for Sharjah pedestrians

Sharjah: The much-needed pedestrian bridges are slowly taking shape in several parts of Sharjah. Last year, the Sharjah Roads and Transport Authority announced construction of five pedestrian bridges, including two on Ittihad Road and one each on King ... ( read original story ...)

Dewa officials visit Mohammad Bin Rashid Solar Park

Dubai: Senior officials of Dubai Electricity and Water Authority (Dewa) conducted a field visit to the Mohammad Bin Rashid Al Maktoum Solar Park on Wednesday to check its progress. Known as the largest single-site solar park in the world, the Mohammad Bin ... ( read original story ...)

DoubleTree by Hilton Dubai – Business Bay Hotel Opens

Owned by Dubai Properties, DoubleTree by Hilton Dubai - Business Bay is located at Bay Square 5, Business Bay, Dubai, U.A.E, just 12 kilometres from Dubai International Airport. DoubleTree by Hilton, one of Hilton's (NYSE: HLT) 14 market-leading brands ... ( read original story ...)

New DoubleTree by Hilton hotel opens in Business Bay

New York-listed Hilton has opened a DoubleTree by Hilton-branded hotel in Dubai’s Business Bay. Th hotel in Bay Square features 238 rooms and suites, all with floor-to-ceiling windows and views of the Burj Khalifa and Downtown Dubai. Owned by Dubai ... ( read original story ...)

Qatar’s $300 billion conundrum: how liquid are its reserves?

DUBAI/DOHA (Reuters) - When is $300 billion not enough? That question is key to Qatar's future as some bankers and hedge funds speculate the super-rich state's vast financial reserves may not be liquid enough to defend its currency in the long term. ( read original story ...)

UAE bank deposits decline by $7.25bn

Total bank deposits in UAE fell by 1.7 percent, or $7.25 billion (AED26.6bn), to $433bn (AED1.589 trillion) in June compared to May, the Central Bank said on Tuesday. Resident and non-residents deposits fell in June by AED24.2bn and AED2.4bn, respectively. ( read original story ...)

2017 to remain tough for Abu Dhabi property market – Asteco

RELATED ARTICLES: Jeddah real estate sector remains slow in Q2 2017 | Return on investment for UAE real estate remains high | Asteco inks first Saudi Arabia master franchise Rental prices for apartments and villas in Abu Dhabi posted declines during the ... ( read original story ...)

Dubai’s largest bank posts 6% rise in Q2 profit

Emirates NBD reported a 6 percent rise in its second quarter net profit on Wednesday. Dubai’s largest lender made a net profit of $550 million (AED2.2bn) in the three months to June 30, the bank announced this morning, up from the AED1.91bn it announced ... ( read original story ...)