Much of Emaar’s growth is expected to come from projects worth billions of dollars within Dubai.
This latest move likely adds to tensions in the tiny Gulf state, where there are clashes with police in many Shi’ite areas almost every day.
Net profit for the opening three months of the year was 432.4 million riyals ($118.8 million) , a company statement said.
Prince Turki al-Faisal said that the Gulf states should be prepared for any possible outcome from Iran’s nuclear talks with world powers.
The bank’s operating profit reached Dhs151.1 million, up 18.8 per cent year-on-year.
The company will use available funds to repay the amount, which is the remainder due on a $555 million facility maturing in December 2015.
The lender made a net profit of Dhs1.33 billion ($362.1 million) in the three months ending March 31.
The exchange made Dhs215.1 million ($58.6 million) in the opening three months of 2014, compared to Dhs27 million in the same period last year.
Domestic workers surveyed by the group in Qatar reported being slapped, pulled by the hair, poked in their eyes and kicked down the stairs by their employers.
The sources said it was currently unclear if STC was looking to complete a sukuk issue in the local Saudi market.
A health ministry statement said eight of the people were in intensive care, two were stable and one showed no symptoms.
The 10-year loan is the first such facility agreed between ADCB and NIC.
The government’s holding in the operator will drop to 51 per cent following the completion of the second and final part of the share sale.
The firm will undertake the civil construction portion of the mixed use development in Algiers, it said in a statement.
The company posted a net loss of 8.2 million Kuwaiti dinars ($29.2 million) for the 2013, against a 3.3 million dinar loss a year earlier.
The company said its profit for the three months to March 31 would likely be Dhs265 million ($72.2 million).
Dissatisfaction over state broadcasters’ staid programming and societal restrictions have created a large audience for web-based entertainment in the Kingdom.
Wataniya made a net attributable profit of 19.8 million dinars ($70.3 million) in the three months to March 31.
The jump in infections is particularly concerning due to the large number of pilgrimsset to visit the country in July during Ramadan
Head of Oman’s Central Bank says infrastructure projects are generating economic activity.
Finance ministry and ICD venture Bidaya will submit an application for a licence as soon as regulations under the kingdom’s mortgage laws are finalised.
Initial price thoughts on the Islamic bond have been set between 5 and 5.125 per cent.
State-run utility’s net profit rises by nearly half in the three months to March 31.
Mobily made a first-quarter net profit of 1.4 billion riyals ($373.3 million), up from 1.34 billion riyals in the prior-year period.
The firm made a net profit of 2.39 billion riyals ($637.3 million) in the three months to March 3.
Abdullah al-Rabeeah’s post will be taken over by Labour Minister Adel Fakieh, who keeps his current post, according to a royal decree.
The country has been considering an IPO of its stock market for years, but political infighting and entrenched bureaucracy delayed it.
The airport welcomed around 4.5 million passengers during the first three months this year.
The firm made a net profit of 55.9 million dinars ($198.5 million) in the three months to March 31.
The lender made a net profit of Dhs409.5 million ($111.5 million) in the three months to March 31.