The Dubai benchmark jumped 4.5 per cent to close at 3,840 points, its biggest daily gain in six weeks.
The sugar refinery has 1.5 million tonnes of raw sugar, either stockpiled at the refinery or on its way to the refinery.
Less than half of the shares in the Dhs576 million IPO were taken up by investors for whom they were reserved, a report said.
However, Bahrain’s score fell while the UAE’s rose on the 2015 Index of Economic Freedom, released by Heritage Foundation and Wall Street Journal.
The company, an affiliate of Saudi Basic Industries Corp (SABIC), will shut its olefins plant from Feb. 1 for almost five weeks, it said.
The mega event is expected to welcome 25 million visitors, with the majority of them coming from overseas.
The bourse said the issue had to do with ownership proportions.
Mohammed Al-Jadaan was named head of the Capital Market Authority in a cabinet resuffle by King Salman last week.
Georges Schorderet, previously the company’s chief operating officer, is taking over from Abdulrahman Al Fadley, a statement said.
CEO claims new widebody aircraft provides clear reduction in operating costs and carbon emissions
Dubai Investments previously said that it was close to two acquisitions, worth a combined value of Dhs400 million ($109 million).
The facility will cater to the small and medium companies in the global maintenance, repair and overhaul (MRO) sector.
Waha made a net profit of Dhs142.1 million in the last quarter of 2014 compared to Dhs75.6 million in the same period a year ago.
Salman’s announcement suggested that the government remained willing to spend heavily despite the hit to its oil revenues from low prices.
The outlook for UAE banks in the near to medium term remains favourable, writes Nelson.
A list published on the agency’s website included names of well-known Sunni and Shi’ite Muslim families.
The 79-year-old Naimi has seen at least three price crashes during his two decades as oil minister.
The wounded man was taken to hospital and was in a stable condition, state news agency said.
The price will rise 25 cents on April 1 each year until it reaches $4 per mmBtu by April 1, 2021.
The US and Canada have urged Saudi government to cancel the flogging, saying that it was a violation of human dignity.
The Kingdom will pay two months of bonus salary to all state employees and pension to retired government workers.
The 50 lashes administered to activist Raif Badawi this month signal that religious conservatives have the upper hand in a tug-of-war with reformists.
As Lego opens its first Middle Eastern store, regional director Simon Bast explains where the toymaker is placing its bricks.
The DFM General Index retreated 2.6 per cent in January.
The deal is Investcorp’s second acquisition in Spain after its purchase of ceramics products maker Grupo Esmalglass-Itaca in 2012
Abu Dhabi grabbed the top spot in the region, ranking 25 among the top 50 safest cities in the world.
The company is looking to expand its presence in Saudi Arabia and the UAE.
ADNOC awarded Total a 10 per cent stake in the main land-based concession for 40 years starting Jan. 1, 2015.
The wheat will be purchased in shipments of 55,000 tonnes, the Kingdom’s state grain buyer said in a statement.
Saudi Arabia and Qatar were the biggest contributors, committing $25 million and $10 million respectively to Gavi Alliance.