The cuts are in addition to the 1,000 jobs Sony said it would eliminate in its mobile unit in October, Japan’s Nikkei reported.
The lender will increase its capital to SAR20 billion from retained earnings by issuing two shares for every three shares held.
New regulations being planned by the UAE will ban the use of UAVs near airports, residential areas and other public properties.
Net profit for the three months to the end of December was 8.97 million dinars ($30.4 million), compared to 8.1 million dinars in the year-earlier period.
The company has yet to make a quarterly profit since launching service in 2008.
It would be the third purchase by the privately-owned investment firm in the non-banking financial services sector in recent months.
Obama’s visit comes as Washington struggles with worsening strife in the Middle East and counts Saudi Arabia among its few steady partners in the region.
The Abu Dhabi airline is offering passengers travelling on January 27 and 28 the option to postpone their tickets.
The Dubai carrier is one of the few major airlines that does not hedge its fuel bill by buying future stocks of jet fuel to minimise the effect of price spikes.
US President Barack Obama will fly down to Riyadh on Tuesday to meet Saudi Arabia’s new king.
The Dubai residential bubble has “deflated,” with transaction prices expected to fall up to 10 per cent this year, says JLL.
Authorities have forecast that 79 million passengers will travel through Dubai International Airport in 2015.
The bank reported a net profit of Dhs436 million ($118.7 million) in the last quarter of 2014.
The retail group said that it aims to double the size of its business within the next five years.
Emirates Airlines, flydubai, Air Arabia and Etihad Airways suspended flights on Tuesday, in line with a directive from the UAE’ civil aviation authority.
A stake of between 20 per cent and 40 per cent could be sold, according to three sources with knowledge of the sale.
Tawreeq Holdings developed the concept over the past year and a half, aiming to give smaller firms a funding alternative to bank loans.
An aviation official and a security official told Reuters that two passengers were lightly injured but the airline has denied such reports.
The official said that the company will postpone few projects to the future while planning to stretch some works due to low oil prices.
The airline is partnering with a number of government organisations and educational institutions to recruit UAE nationals.
The fair oil price will be one that balances supply and demand, the chief executive said.
US President Barack Obama will fly a 30-member delegation to Riyadh on Tuesday.
The regulator is expected to issue a final version of regulations covering the opening “very soon”.
The draft budget for the year starting in April envisages spending of KD19.07 billion, down by 17.8 per cent.
Economy and Planning Minister Muhammad al-Jasser said economic reforms would continue under Saudi’s new king, Salman.
Qatar Petroleum International was formed in 2007 as the foreign investment arm of the firm.
Emaar Misr has a portfolio of investments in Egypt worth around 53 billion pounds.
Oil prices have lost nearly 60 per cent in value since last peaking in June 2014.
Masraf Al Rayan said its net profit for 2014 was QAR2 billion, up 17.6 per cent year-on-year.
Unnamed claimants filed a lawsuit against Zain over its 2007 acquisition of an Iraqi telecom operator.