Kuwait's Zain halts earning slump with Q4 profit rise

Kuwait's Zain halts earning slump with Q4 profit rise

The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profit $120.4 million.

Emaar Properties Q4 profit near-flat after Address hotel fire write-down

Emaar Properties Q4 profit near-flat after Address hotel fire write-down

Emaar makes a write-down of $82 million after fire at the Address Downtown hotel, which had the most expensive average daily rate and highest occupancy in the first nine months of 2015

WhatsApp voice call not banned by Saudi regulator

WhatsApp voice call not banned by Saudi regulator

Communications and Information Technology Commission said the decision came from the WhatsApp company

New risk management, governance rules for UAE banks by year-end

New risk management, governance rules for UAE banks by year-end

UAE regulatory framework will have a clear emphasis on board and management responsibility and accountability, according the central bank exec

Budget carrier flydubai's 2015 net profit slumps 60%

Budget carrier flydubai's 2015 net profit slumps 60%

Fuel hedging and the impact of stronger dollar weighed on the airline’s increased revenue

Russia's Sechin floats idea of countries cutting oil output

Russia's Sechin floats idea of countries cutting oil output

Sechin suggests 1 million bpd cut by major producers

Cladding supplier seeks to call time on ‘flammable’ panels used on The Address

Cladding supplier seeks to call time on ‘flammable’ panels used on The Address

Indian businessman Shaji Ul Mulk says older panels are too risky to use and reveals plans to manufacture non-combustible versions in the UAE

Investcorp seeks more deals after first half profit rises

Investcorp seeks more deals after first half profit rises

Co-CEO says alternative investment fund seeking further buys to expand its business

UAE telco du expects royalty rates to be unchanged in 2017

UAE telco du expects royalty rates to be unchanged in 2017

Both Etisalat and du will pay 15 percent of their regulated revenue and 30 percent of their regulated profit in royalties this year

Huge expansion to Dubai’s Dragon Mart opens for business

Huge expansion to Dubai’s Dragon Mart opens for business

Second phase of Nakheel’s International City project launched by Sheikh Mohammed


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