The new restructuring plan involves repaying early an existing $2.92 billion maturity due in 2015.
The chief executive said that Marka was also looking at four asset purchases in the food and beverage sector,
The facility will now be operational for Etihad’s early morning flights, EY103 to New York JFK and EY183 to San Francisco.
The new system is part of efforts by the central bank and the bourse to develop Bahrain’s capital markets and increase their contribution to economic development
The parent-school contract will cover refund and admission policies, school fees, health, safety provision and transportation.
Damac traded at Dhs3.19, up 14 per cent from its London close last Friday.
Analysts at Goldman Sachs lowered their three-month price forecast for Brent to $42 a barrel from $80.
Several regional companies published positive fourth-quarter earnings.
The National Programme for Government Communication will run for seven years and cover health, education and the environment.
In 2014, UAE companies, led by Emirates and Etihad, invested $163 million in shirt sponsorship, finds new report.
Venezuela’s international reserves have deteriorated sharply due to the tumbling oil prices which hit new lows last week below $50 per barrel.
The Abu Dhabi-based group has seen a number of management changes in the last two years.
Omar al-Amoudi, executive vice president of shared services at Sabic and an existing Kayan board member, took over from Mutlaq al-Morished.
Operating income in the fourth quarter stood at SAR1.995 billion.
The bank cited an increase in operating income, which rose 20 per cent year-on-year, for the profit hike.
Rail projects across the GCC are expected to fuel intra-regional trade while helping reduce fuel consumption.
The investment firm sold the development rights to a plot of land measuring 3.66 million sqm in Qatar’s Lusail City
Certain locations in the city including International City and The Greens offer cheaper monthly mortgages, finds research.
ORPIC runs oil refineries at Sohar and Muscat as well as aromatics and polypropylene production plants at Sohar.
One of the purchases will be of a financial entity, with the second acquisition coming in the real estate sector.
The airline is expecting to begin operations in the Kingdom in the next six to 18 months.
The series of private island villas will be located within the OQYANA World First development forming the continent of Australasia.
The UAE accounted for 54 per cent of BMW’s sales in the Middle East, followed by Saudi Arabia and Kuwait.
Industries Qatar fell its daily 10 per cent limit and was the main drag on Qatar’s index, which dropped 2.3 per cent.
The deal was underwritten by Citigroup, Emirates NBD and Societe Generale.
Damac received approval from the UAE Securities and Commodities Authority in December to list on the DFM.
Called “Meem” – the letter M in Arabic – the new retail banking platform will offer personal finance products and credit cards in Saudi Arabia.
The two plants are the second phase of the 500 MW Ouarzazate project, which is part of a government plan to produce two gigawatts of solar power by 2020.
A witness said that protest marches turned violent, with dozens of young men throwing petrol bombs at security forces who fired bird shot and tear gas back.
Raif Badawi, who set up the “Free Saudi Liberals” website, was arrested in June 2012 and prosecuted for offences including cyber crime and disobeying his father.