Hotel demand in Abu Dhabi dropped 22 per cent during the first five months of the year, compared to the same period in 2009, the latest report from Jones Lang LaSalle has revealed.
Abu Dhabi Islamic Bank has agreed to provide a AED183.5m Islamic finance facility to help fund the future growth of Gulf Marine Services.
National Bank of Abu Dhabi has reported a 21 per cent increase in net profit for the first half of the year.
Abu Dhabi Ports Company is pushing ahead with its Khalifa Port & Industrial Zone project and has awarded a AED1,03bn offshore design contract to a joint venture company.
Sorouh has posted an 86 per cent drop in net profit for Q2 2010 compared to the same period last year, and a 45 per cent profit slide for the first half of the year.
Phase one of Abu Dhabi Ports Company’s Khalifa Port and Industrial Zone project is on track to open in Q4 2012, its chief executive officer said yesterday.
Emirates NBD has posted a 28 per cent drop in net profit for the first six months of the year.
Dubai International Airport has posted strong half-year results, with passenger traffic increasing 16.3 per cent in 2010 compared to the same period last year.
The value of equities traded on NASDAQ Dubai in the first six months of 2010 increased 52 per cent compared to last year, the latest trading update has revealed.
Work on the 4,500 hectare Capital District project will commence soon, the Abu Dhabi Urban Planning Council has said.
Dubai Financial Market Company has posted a AED79.5m (US$21.6m) consolidated net profit for the first half of 2010, down 57 per cent on the same period last year.
UAE insurer Al Buhaira National Insurance Company has been put on creditwatch negative by Standard & Poor’s.
Consumer prices in the UAE increased 0.43 per cent for the first half of 2010 compared to the same period last year, data from the National Bureau of Statistics revealed today.
The United Arab Emirates is the largest construction market in the GCC, according to a recent Dubai Chamber report.
Abu Dhabi is to host the second Clean Energy Ministerial next year after winning the support of all 24 participating governments.
