Dubai Investments net profit surges 97 per cent in Q1

Bahrain-based bank's total operating income was $233m Dubai: Bahrain-based Islamic lender Al Baraka Banking Group posted a 15-per cent increase in first-quarter net income, the bank said on Sunday. Al Baraka, which has operations across the Middle ...

DUBAI: Dubai aims to treble its annual income from tourism to AED 300 billion ($82 billion) by 2020, which would involve doubling the number of its hotel rooms, a senior official said. Tourism is crucial to Dubai's economy, which had a gross ...

Commercial Bank of Dubai mandated Citigroup, HSBC and National Bank of Abu Dhabi to conduct fixed-income investor meetings for a possible benchmark-sized bond sale. The meetings in Asia, the Middle East and Europe will start May 9 and a sale of ...

Kanhangad: Income tax officials seized 2.5 crore worth goods along with forged documents here on Monday. The goods, which were in four lorries, were brought here through forest roads avoiding the Mancheshwaram check post. The goods include electronic gadgets, ...

No football this week. Instead I want to focus on the serious issue of tax. Income tax, I mean, although I'll get around to the corporate stuff later. This is not usually a subject that bothers me much in the UAE, for the simple reason that there ...

Buyers in Dubai need to focus more on the potential rental yield income than the capital gains sales price when making a purchase decision, according to the CEO of emirate's largest real estate agency. A survey by Better Homes found 88 percent of ...

LOCAL NEWS: DUBAI Every 1% reduction in family income is associated with a 21% increase in the probability of quitting education early A recent strategy study shows that students from low-income families in the Northern Emirates are three times more ...

Dubai developer Union Properties has blamed a slump in housing sales for a 2.2% decline in first-quarter net profit, Reuters has reported. The firm made a first quarter net profit of Dhs21.9m ($5.96m), slightly lower than Dhs22.4m it posted in the ...

Dubai Aerospace Enterprise (DAE) Ltd. reported Net Income, excluding non-recurring items, of $110.1m (Dhs404.6m) for full year 2012, an increase of 35 percent over the Net Income, excluding non-recurring items, of US $81.3m (Dhs298.7m) for full year ...