The emirate of Abu Dhabi is expected to create more than 600,000 new jobs over the next decade, the director of Tawdheef exhibition said. Gulf news.

Dubai Islamic Bank posted a full year profit of 1 billion AED compared to a profit of 806.50 million AED a year earlier. DIB plans to pay a cash dividend of 15 % for last year, it said. Bloomberg.

Union Properties said full-year loss widened as it set aside more money to cover provisions. The loss widened to 1.57 billion AED from 1.53 billion AED end of 2010.

NBAD posted a 1 % decline in fourth-quarter profit, missing analysts estimates, as expenses rose and the lender set aside more money to cover bad loans.