FAB said it proposed to its board increasing its foreign ownership limit to 40% from 25% DUBAI- First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, beat analysts' forecasts with a 4 percent rise in fourth-quarter profit on Thursday and said it planned to raise its...

Dubai's Deyaar gains on FY results Saudi Arabia's stock market, which introduced the MSCI Tadawul 30 index, fell on Thursday as its bank stocks slid, while Dubai gained sharply lifted by corporate earnings results. Saudi Arabia's main index fell 0.3 percent. National Shipping...

Dubai: The Pearl Initiative, a business-led non-profit organisation promoting a corporate culture of accountability and transparency, held a roundtable event titled Whistleblowing: A Pillar of Sound Corporate Governance. The event, held in Dubai featured experts from Pinsent Masons and Kroll....

Asian Cup organizers have opened an investigation after soccer fans threw shoes and bottles at Qatar's players during their semifinal victory over the United Arab Emirates. The stadium in Abu Dhabi was packed with home fans. The UAE has cut economic, diplomatic and travel ties with Qatar,...

An Emirates passenger was left “frustrated and angry” after being served a disappointing Cajun chicken sandwich on a flight to Dubai. Paul Carlin said he spent thousands of dollars on the flights from Brisbane to Dublin via Dubai over the Christmas holidays. But on the return leg from...

The vast and unique congregation is made up of some 80 nationalities Tucked away down a quiet side street in Dubai, St Mary’s Catholic Church may not be able to boast the towering domes of St Peter’s Basilica or the gothic archways of Seville Cathedral. But what this less than...

Tuesday February 5 is declared a holiday for private sector employees holding permits to participate in the event during Pope Francis' visit to the UAE Tuesday February 5 has been declared a holiday for private sector employees holding permits to participate in the Papal Mass that will...

yallacompare data found that declining rental rates hasn't led to a mass movment of tenants An increasing number of UAE residents are paying less rent than a year ago, according to a new survey. The Yallacompare Consumer Confidence Tracker for Q4 2018, which surveyed more than...

Company expects to sign contract for long-awaited clean coal project by the end of March, says Hussain Al Nowais Al Nowais Investments, the privately-owned Abu Dhabi-based group, is planning new investments in Egypt’s power and tourism sectors within the next few months, according to...

Ticket prices will continue to be a key strategy for developers There is expected to be a spike in scheduled residential supply entering the UAE market ahead of Expo 2020, benefitting from the enhanced infrastructure, especially around the Metro expansion, estimates CBRE Menat....