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In its strategy of expansion into the hospitality business, Nakheel is planning 10 hotels across Dubai. The first opened earlier this month, and six more have been announced or signed.

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Frauds by their very nature are difficult to detect as they are designed to deceive and hide, many a time it takes long before the same is uncovered.

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The success or otherwise of the complex merger will define the legacy of Shell Chief Executive Ben van Beurden, seeking to transform Shell into a more specialised group focused on the rapidly growing LNG market and deepwater oil production.

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The net operating profit grew 17.2 per cent year on year to Dh11.59 billion in the full year from Dh9.89 billion, the telecommunication company said in a regulatory filing to the Abu Dhabi Securities Exchange.

Business6 years ago

Overall gross margin increased to 28.2 per cent. Gross margin from core businesses rose to 29.3 per cent from 28.4 per cent in 2014 driven by an increase in tile sales. This was coupled with higher sanitaryware and tableware sales.

Business6 years ago

The Dubai-based construction major normalised its profitability following the third quarter 2015 one-off provisions and posted a steep jump in net profit of Dh14.7 million in the three months to December 31, compared with a profit of Dh3.8 million in the year-earlier period.

Business6 years ago

Decline in global oil prices erodes gas firm's revenues and gross profit

Business6 years ago

Revenues rose 17 per cent to Dh976.9 million as a result of its increased market share.

Business6 years ago

The shipping company's net income reached Dh20.2 million for the year ended December 31, 2015. This is significantly higher compared to the 2014 profit of Dh10.03 million.

Business6 years ago