United Arab Emirates Business News

Emirates Airline, one of the world�s largest carriers, earned a net profit of Dh752 million in the first half of its current financial year, up 165 per cent from a year ago. But the airline cautioned on Thursday that customer...

Moody’s Investors Service  said yesterday it has down-graded five Dubai state-linked companies, including Dubai Ports World, though the government would most likely bail them out if it was felt necessary...The main concern for Dubai going forward remains its high level...

House prices in Dubai rose seven per cent in the third quarter from the previous quarter and the number of  transaction surged 64 per cent, Colliers International said yesterday. The consultancy said that the positive quarter was the result of...

A common platform for property developers will help them evolve joint strategies to face the ongoing crisis in the real estate industry, Gurjit Singh, Chief Operating Officer of Abu Dhabi-based developer 
Sorouh, said. Such a platform will also be able...

announces financial results for third quarter Ajman Ajman Bank , the emirate's first Islamic commercial bank, yesterday announced it has succeeded in cutting its third-quarter operational loss by 29 per cent in comparison to the second quarter.

The retail gold sector in Dubai is expected to recover faster than in other Gulf states as an increased number of tourists and slightly more stable gold prices in October boosted demand, traders said on Sunday.  Branded as the City...

Most Gulf Arab bourses fell across the region on Monday, reversing the previous day's gains, as they tracked weaker global markets and drifting oil prices, with Saudi Arabia the only market to rise. "Oil is below $66 and Asian markets...

Fitch Ratings said the   downgrades took   into account the uncertainty “as to how any government support may be provided.” “An intensification of financing pressures on the corporate sector and state-owned companies in particular, if not accompanied by an...

UAE shares rose, with Dubai’s benchmark index rising to its highest level in ten months. Dubai Financial Market, the only Gulf stock market to sell shares to the public, led gains, adding as much as 10.8 per cent. Investment was...