The Jfirm is strengthening its in-house asset management capabilities before the Saudi stock market opens up in the first half of 2015.
The company said that it does not anticipate difficulties with respect to future financing repayments and costs.
ADNOC said on Wednesday it raised benchmark Murban crude prices to $56.55 per barrel, up $10.15 from the previous month.
The regulator had suspended Mobily’s shares last Wednesday, after the company announced it had suffered a $243 million loss in 2014.
Aramex made a 2014 net profit of Dhs318.4 million, the company said.
The budget smartphone brand plans to expand to all the GCC countries and markets in Africa, South East Asia and Latin America in the coming months.
The two sides agreed terms late last month, but the contract which Arabtec subsequently received included less attractive terms for the company.
The lender has earmarked to price its bond issue at 97.5 basis points over midswaps, a document showed.
Emirates’ operations supported 85,100 jobs across the EU in the 2013-2014 financial year, the company said in a statement.
New visa exemptions and more routes from Emirates helped the country become a popular incentive destination.
Vida Town Square Dubai will have about 180 rooms and serviced residences and will overlook the central park of the development, which is the size of 16 football fields.
The Kingdom also reported four new cases of MERS infections, bringing the total number of infections to 931 since 2012.
On Monday, Obama said Iran must halt nuclear work for at least 10 years for a deal to be reached between Tehran and six major powers.
The phone, unveiled at the Mobile World Congress, would hit stores in US and European markets around April and be priced around $275.
A total of 7.25 million passengers travelled with flydubai during the year.
The emirate’s 2014/2015 cruise season has 94 confirmed vessel calls, up from 75 in the previous season.
Convincing Saudi Arabia to accept any agreed nuclear deal is important to the US due to the kingdom’s strategic position in the region.
The bank has picked Abu Dhabi Islamic Bank, Al Hilal Bank, Dubai Islamic Bank, Emirates NBD, HSBC, KFH Investment and Standard Chartered to arrange the sukuk sale.
Revenues of hotels and hotel establishments rose 9.8 per cent last year to reach Dhs23.9 billion, officials said.
The seasonally adjusted HSBC UAE Purchasing Managers’ Index fell to 58.1 points last month from 59.3 in January.
ISIL militants have made threats against Catholic targets in Rome that have been given much space in Italian media.
Abraaj will be the main investor in the healthcare group with $145 million, while three other investors will pitch in about $55 million.
The company made a net profit of KD10.19 million ($34.38 million) in the last quarter of 2014.
The idea is to have more frequent top-level meetings with Saudi Arabia, Jordan and Egypt to ensure the region is more closely engaged at a time of change.
Iranian Foreign Minister Mohammad Javad Zarif insisted that an agreement couldn’t be reached as long as sanctions existed.
The firm slashed its profits for 2013 and the first half of 2014 by a combined $381 million, citing accounting errors.
Falling oil prices and an imminent liquidity crisis are the other top risks that UAE executives fear might impact their local operations.
The S6 is expected to priced between Dhs2,700 and Dhs2,800 while the S6 Edge will range between Dhs3,000 and Dhs3,200.
Abdullah al-Khalidi, Saudi Arabia’s consul in Aden, was seized in March 2012.
Investment Minister Ashraf Salman said the aid included oil shipments, cash grants and deposits in Egypt’s central bank.