Abu Dhabi Commercial Bank reports nine month net profit of AED 3.153bn

Abu Dhabi Commercial Bank (ADCB)

Abu Dhabi Commercial Bank, ADCB, today reported its financial results for the nine month period ended 30th September 2016. Abu Dhabi Commercial Bank (ADCB) Ala’a Eraiqat, Member of the Board and Group Chief Executive Officer, commented on the results, saying, “The bank delivered strong financial results for the nine month period of 2016, reporting More...

by Staff writer | Published 1 year ago
cbn-award
By Staff writer On Friday, October 21st, 2016
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Construction Innovation Award 2016 winners unveiled

The winners of the Construction Innovation Awards 2016, presented by Du, were crowned on 19 October at a glamorous ceremony at Westin Mina Seyahi, with 300 construction industry professionals in attendance . Twenty-three More...

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By Staff writer On Tuesday, October 18th, 2016
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P2V Systems launches Data Centre in a Box at Gitex

Northern Irish company, P2V Systems has launched its Data Centre in a Box at this year’s GITEX Exhibition. The Data Centre in a Box has been designed to provide an IT Infrastructure that is not limited to, or More...

omniyat
By Staff writer On Thursday, September 15th, 2016
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Omniyat Set To Open More Than 1,000 Hotel Rooms By 2020

Dubai-based property developer Omniyat is set to open 505, 5-star hotel rooms and 495 deluxe serviced apartments in Dubai by 2020. Mark Phoenix, Managing Director of Omniyat revealed the developer’s impressive More...

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By Staff writer On Wednesday, September 7th, 2016
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Dubai South to become the new address of happiness

Master developer Dubai South, billed as the first city in the world centred around the happiness of its residents, on Tuesday unveiled its first two key real estate projects, The Villages and The Pulse at Cityscape More...

DIFC
By Staff writer On Friday, September 2nd, 2016
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DIFC posts Strong growth in first half of 2016

Dubai International Financial Centre (DIFC), the leading financial hub for the US$7.8 trillion Middle East, Africa and South Asia (MEASA) region, today announced the successful results of its first half 2016 operating More...

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By Staff writer On Thursday, September 1st, 2016
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Mohammed bin Rashid tours IMG Worlds of Adventure, hails role of private sector

Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said today that the private sector is a key partner to the public sector in the UAE’s economic development More...

1. JW Marriott Marquis Dubai
By Staff Writer On Sunday, July 10th, 2016
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Marriott/Starwood acquisition gains KSA, Mexico approval

Marriott International, Inc has revealed that it has received authorisation from competition authorities in Saudi Arabia and Mexico to proceed with its acquisition of Starwood Hotels and Resorts in a merger transaction. With More...

KFC
By Staff writer On Monday, June 20th, 2016
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Dubai-Based Investment Group Buys $2.4 Billion Stake In Kuwait’s Americana

Dubai-based investment group, Adeptio, led by Emaar Properties’ chairman Mohamed Alabbar has paid $2.4 billion for a majority stake in Kuwaiti F&B operator Americana, Reuters reported. Kuwait Food Company More...

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By Staff writer On Sunday, June 12th, 2016
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L&T to build $135mn Qatar World Cup stadium

Qatar’s Al Balagh Trading & Contracting and India’s Larsen & Toubro (L&T), have won the main contract to build Al Rayyan Stadium, a 40,000 seat venue that will host games up to the quarter-finals More...