The money would be in addition to another SAR1 billion the monarch had pledged, Al Arabiya said.
A military coalition led by Saudi Arabia has imposed inspections on all ships entering Yemen.
Up to 66 per cent of UAE professionals believe they earn less than what other firms in their industry offer, finds new survey by Bayt.
The regulator has asked the telecommunications operator to clarify information related to one of its businesses.
US President Obama is holding a summit with the six GCC nations to discuss Iran, Yemen and other security issues.
Published by the OECD, the biggest-ever global school rankings list is based on test scores in maths and science in 76 countries.
The move could further anger US carriers, which accuse Emirates of competing unfairly through state subsidies.
Total revenues tumbled 29 per cent to Dhs5.13 billion because of the plunge of oil prices since last June.
The builder reported a loss attributable to equity holders of Dhs279.82 million in the first quarter.
The five-day humanitarian truce in Yemen came into effect at 11 pm on Tuesday.
Obama’s summit with the GCC countries begins Wednesday evening and continues on Thursday.
Royal Jet will receive two new Boeing business jets later this year as part of a $700 million fleet expansion and replacement programme, says Gordon.
Alibaba’s subsidiary Aliyun will set up a venture with Dubai-based Meraas.
Adel al-Jubeir said the summit would focus on conflicts in Syria and Iraq and also on the fighting in Yemen.
The transaction has received orders of seven times its size, an earlier document showed.
The firm had posted falling profits in eight of the preceding 10 quarters.
Abu Dhabi’s International Petroleum Investment (IPIC) owns all of Cepsa and is the biggest shareholder in Cosmo.
The bank’s net profit for the three months to March 31 was $147.18 million.
Ma’aden, the Gulf’s largest miner, is currently exporting around 70 to 80 per cent of the smelter’s production.
The company produces about 2.4 million tonnes of aluminium products per year.
Atleast 66 have been killed by the 7.3 magnitude quake, which was centred close to Nepal’s border with Tibet.
The Honor Six Plus is targeted at a younger internet-savvy demographic.
The oil giant has completed a massive investment programme which took its output capacity up to 12 million bpd.
Residents said three air strikes hit a base for army units loyal to the Houthis in the north of the capital.
The movie has been written and will be directed by James Ponsoldt, and will start shooting in August 2015.
The plan will make Alba the largest single-site aluminium smelter in the world.
The Kingdom pumped 10.308 million barrels of oil per day in April, compared to 10.29 million bpd in March.
The additional service will increase Emirates’ total number of weekly flights serving Lebanon to 21.
The company did not give figures on estimated reserves or production rates for the new fields.
Analysts and diplomats in the Middle East described King Salman’s decision to skip the meeting at Camp David this week as a snub.