Abu Dhabi Investment Council and Dutch-owned oil trader Vitol have reportedly bought Shell’s downstream Australian assets.
The kids’ retail store, part of the Landmark Group, currently operates 40 stores in the UAE.
Doha carrier will be first Gulf carrier to operate a purely business class service on the high-density route
Net profit in the three months to the end of December was 14 million Kuwaiti dinars ($49.7 million).
The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.
The telecom operator currently claims 46.4 per cent of mobile subscribers in the UAE.
Along with domestic buyers, Dubai’s real estate market is recording a rise in institutional investors.
Power production at Ras Al Khair was expected to start in late 2012 but was delayed by construction issues.
The Kingdom will also provide Pakistan a credit facility of $125 million for the import of urea.
The plan will see 24,260,000 new shares offered to shareholders at a price of QAR18 per share.
The Sultanate is looking to reduce its expat work force to 33 per cent from its current level of 39 per cent, a senior official said.
Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.
The latest casualty to succumb to MERS virus in Saudi Arabia was a 22-year old man, according to health authorities.
Prices for the 504 units on sale at the Palm Tower Residences start from Dhs1.5 million.
Du’s full-year profit for 2013 was Dhs1.99 billion, up slightly from Dhs1.98 billion a year earlier.
The firm will list 30 per cent of its shares on the Kingdom’s stock exchange.
The new Shorooq wing houses 148 rooms, while the new bar and pool offer a higher level of luxury and sophistication.
Foreigners currently own two percent of the bank’s shares.
The Sharjah-based carrier made a net profit of Dhs94 million ($25.6 million) in the fourth quarter.
Saudi Arabia’s Kingdom Tower, which is 173 metres taller than Dubai’s Burj Khalifa, is slated for completion in 2018.
GMS plans to sell new shares worth $100 million, as well as an undisclosed number of shares currently held by private equity backers.
The developer, which launched several new projects last year, said its total value of sales in Dubai for 2013 was Dhs12 billion.
The Fashion District, unveiled on Monday, is the first phase of the mall’s Dhs1billion redevelopment programme.
The Dubai-based mall is undergoing a massive Dhs1 billion redevelopment programme.
The number of 600,000-barrel cargoes scheduled to load in April has fallen to 13, two less than March, the sources said.
Schools can raise their fees from five to seven per cent depending on their rating by the KHDA.
Somayya Jabarti has been appointed editor in chief of the English daily Saudi Gazette.
The bank’s growth in 2014 will be fuelled by the company’s entry into the Moroccan and Libyan markets and expansion in Tunisia.
Results were adversely impacted by continued significant fertiliser price deflation, the firm said.
Du’s new loan will replace two existing debt facilities.