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News tagged with “billion dirhams”. Found:
10 tagged news reports.

 

Your Search Returned 10 tagged news reports

 

Merger set for Dubai mortgage heavyweights

Dubai :: United Arab Emirates | 10 days ago

Credibility Credibility of 5

Troubled Dubai mortgage firms Tamweel and Amlak would welcome a further injection of government funds as they look to complete a long-awaited merger by March, Tamweel’s chairman said. The firms both felt the brunt of the property collapse that hit Dubai...

Tags: Tamweel, billion dirhams, Dubai, United Arab Emirates, Al Nahyan family, Persian Gulf, Business Finance

UAE banks� loan provisions continue to rise

Beirut :: Lebanon | 14 days ago

Credibility Credibility of 5

UAE banks set aside a further 4 billion dirhams ($1.088 billion) in provisions for non-performing loans in the third quarter, according to data published on the central bank’s website, but the pace of increase appears to be slowing. Provisions for NPLs...

Tags: billion dirhams, UAE, uae banks, central banks, Lebanon, Beirut, Business Finance

UAE to spend more next year despite economic crisis

Dubai :: United Arab Emirates | about 1 month ago

Credibility Credibility of 5

The United Arab Emirates federal government will increase public spending by 3.4 percent next year despite the global economic downturn, according to the draft 2010 federal budget released on Monday. Spending will rise to 43.63 billion dirhams (11.89...

Tags: UAE, Dubai, billion dirhams, federation budget, federation government

UAE telecom Etisalat Q2 net profit falls 19 pct

Dubai :: United Arab Emirates | 4 months ago

Credibility Credibility of 5

The company made a net profit of 4.59 billion dirhams in the first half of the year, compared with 5 billion dirhams a year earlier, the firm said in a statement, adding that last year's results included 892 million dirhams earned from an asset sale.

Tags: net profits, UAE, billion dollars, uae telecom, billion dirhams, half profits

Emirates airline profits plunge

Dubai :: United Arab Emirates | 6 months ago

Credibility Credibility of 5

Emirates, owned by the Dubai government , said revenues in the year to end-March rose 10 per cent to Dh44.2bn as the airline continued to expand. The airline added 20 aircraft, including four Airbus A380s, and flew to four new destinations in Asia and...

Tags: billion dirhams, Dubai, net profits

Emaar Properties' profits decline 54 per cent

Dubai :: United Arab Emirates | 9 months ago

Credibility Credibility of 5

The company recorded Dh6.56 billion in net profits at the end of 2007 and Dh3.1 billion in net profits at the end of 2008...In the final quarter of 2007, the company had a net profit of Dh1.74 billion. Net operating profits stood at Dh5.5 billion, a 15...

Tags: billion dirhams, Emaar Properties, net profits, emaar property, fourth quarter, Dubai

Dubai budget foresees deficit as spending grows

Dubai :: United Arab Emirates | 10 months ago

Credibility Credibility of 5

Dubai plans to run a deficit this year as it significantly ramps up spending on public works projects and other initiatives. Newspapers here said Sunday the expected 4.2 billion dirham ($1.44 billion) deficit is the emirate's first. The Middle East boomtown...

Tags: Review Dubai Municipality, Dubai Department of Finance, Nasser al-Shaikh, Nasser bin Hassan al-Shaikh, dubai budget, economic stimulus, budget deficit, street names, billion dirhams, fiscal deficit

UAE pumps 7 billion dollars into banking sector

Dubai :: United Arab Emirates | about 1 year ago

Credibility Credibility of 5

The finance ministry of the United Arab Emirates announced on Tuesday it had injected nearly seven billion dollars into the banking sector to ensure liquidity and shore up bank assets in the country. The official WAM news agency quoted the ministry as...

Tags: UAE Central Bank, UAE Cabinet Approves, billion dollars, billion dirhams

Abu Dhabi inflation to stabilise by 2009

Abu Dhabi :: United Arab Emirates | about 1 year ago

Credibility Credibility of 5

August 07, 2008, 00:07 Abu Dhabi: Inflation in Abu Dhabi will stabilise by the end of this year, despite robust economic growth, senior government officials revealed yesterday. The Department of Planning and Economy (DPE) revealed that inflation in 2007...

Tags: Abu Dhabi, billion dirhams, Butti Ahmad Al Qubaisi, executive director

Emirates Group posts 20th year of net profit

Dubai :: United Arab Emirates | about 1 year ago

Credibility Credibility of 5

T he group's net profit increased 54.1 percent to 5.3 billion dirhams ($1.45 billion) for the period, on revenues of 41.2 billion dirhams ($11.2 billion) compared to the previous year's 31.1 billion dirhams ($8.5 billion). "It was another record year...

Tags: billion dirhams

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