Saudi Arabia’s market lacked clear direction and was nearly flat as oil edged down towards $62 per barrel.
The accounting rules are expected to impact some companies on how and when they recognise revenues, global audit firm KPMG said.
The new non-stop service will begin from June 3, with Bali becoming Emirates’ 148th global destination.
The company cut down the jobs as a result of its transition from a “local to a regional business”, it said.
A number of Gulf-based banks have issued, or are planning to issue, Tier 1 bonds or sukuk, including Dubai Islamic Bank and Doha Bank.
Luxury operator’s arrival further stokes competition in the Kingdom’s five-star sphere
Muhannadi was previously chief executive of QNB Capital, the investment arm of Qatar National Bank, a bourse statement said.
The project comprise of two mixed-use towers constructed above the Union metro station on an area spanning 15,000 square metres.
Mubarak al-Mansouri also dispelled claims that the dollar peg might hurt the UAE’s export competitiveness.
Osama al-Ayoub said the fund was going overweight on Europe because of the European Central Bank’s decision in January to use quantitative easing.
The bank’s CEO said that the lender is targeting organic growth in the country and globally.
King Salman broke official protocol to meet Sisi at the airport.
The Islamic bond will help finance a budget deficit caused by the plunge of oil prices, Hamood Sangour al-Zadjali said.
The two-tower complex – split between 464 hotel rooms and 405 apartments – overlooks Dubai Healthcare City.
The suspect, Alaa Bader Abdullah, is charged for murdering Ibolya Ryan and placing an explosive at the doorstep of another Abu Dhabi resident.
Dubai Design District expects to launch 130 smart initiatives over the course of its development.
State-owned Senaat confirmed that it has shelved plans to go public.
Following the deal, Eiffel Management will own 100 per cent of REIT manager’s total issued share capital.
The company said that the resignation will take effect from March 31.
The group had set off bombs in the island kingdom’s Maqaba, Al-Janabiya, Budaiya and Qarya vilages.
Apple’s iPhone 5s continues to top the list, according to the latest figures released by the UAE’s telecoms regulator TRA.
The official also said that the company did not have any plans for an IPO.
Hilton Garden Inn Dubai Al Jadaf becomes the brand’s fourth Dubai project
The new five-year facility was structured and arranged by Kuwait Finance House and GIB Capital.
Khalid al-Buainain took early retirement for personal reasons and his departure will take effect on Sunday.
The emirate has an existing law that prohibits more than four satellite dishes on rooftops or any on balconies, walls or garden fences.
It did not say when it expected to fix the problem, stating that efforts were in progress to rectify it as soon as possible.
Yemen’s president Hadi, who was forced to resign by Houthis, fled to Aden where he has set up a new seat of power.
The company is looking outside the Middle East for deals in areas excluding real estate, construction, fast-moving consumer goods and marine sectors.
Should Bank Dhofar sell a Tier 1 bond, it would be the first such issue by an Omani bank.