The increase is in line with the growth in world consumption, which is likely to increase to 105 million bpd in 2025.
The airline will deploy its two-class configured A380 from December 1, 2015 on this route, significantly increasing capacity.
The Emaar chairman has refuted allegations that his role on the board of other property companies is causing a conflict of interest.
Iran’s Supreme Leader Ayatollah Ali Khamenei called for Saudi Arabia’s actions in Yemen to be tried in international courts.
The syndication phase was launched on Wednesday and will allow additional lenders to join in the facility.
Saudi-based Binladin is the first company to win a contract for the mega 31 million sq ft Town Square development in Dubai.
The latest phase requires a large increase in local employee quotas in the private sector, which could lead to a negative impact on the economy.
Th Iranian flight carrying 260 pilgrims, had not got prior clearance, Saudi’s state news agency reported.
Saudi Arabia, backed by four GCC states and other allies, has waged two weeks of air strikes against the Iran-allied Houthis.
Saudi Arabia and a coalition have waged air strikes against the Iran-allied Houthis to try to drive them back from Aden.
The slump in the previous session was triggered by a shock jump in U.S. crude inventories and record Saudi output.
The new law mandates all men to undergo compulsory military training once they reach the age of 18 and to remain in reserve forces till the age of 45.
It attributed the rise to an increase in its fleet of very large crude carriers to 31 from 17.
The deal is a first in the region for TPG, which manages about $65 billion of capital.
Palestine is in the midst of an economic crisis triggered by a row with Israel over taxes.
GCC states had little grounds for hoping they could build normal ties with Tehran, said the UAE’s foreign minister.
Apollo is the world’s third-largest alternative asset manager after Blackstone Group and Carlyle Group.
Bahri expects to book revenues of at least $67 million annually from the deal.
The bank attributed its rise in net profit to an increase in total operating income.
Rules introduced in the last few years require homes and businesses to install insulation and tighten standards for air conditioners.
The bank reported a net profit of $741.7 million for the first quarter of 2015.
The second A380 service will begin from October 1, 2015, adding 945 seats per week on the route.
The policemen were patrolling in their vehicle at 1:30 a.m. when shots were fired at them.
The first phase of the project will consist of 240 one bedroom apartments with prices starting at Dhs536,892.
The fund’s latest acquisitions include the W Hotel in Washington D.C., a majority stake in New York’s Mandarin Oriental and minority stake in One&Only Cape Town.
Apartment rates in Dubai saw a drop or gain between one and three per cent, while villa rates were largely unchanged.
It made a net profit of SAR247 million in the three months to March 31.
The projects include a 12 million sq ft mixed used development in Deira Islands that will feature a massive mall with a glass dome.
The Kingdom produces more than 10 per cent of the world’s crude.
The Saudi oil minister also said he expected oil prices, that have languished near six-year lows, to improve in the near future.