Dubai’s index rose 1.8 per cent to 4,653 points as most stocks gained.
The Gate and Arc Towers development located in Shams Abu Dhabi are made up of 3533 units, of which Aldar retained over 1300 units as part of their recurring-income portfolio.
The report drew “sweeping conclusions based on a small, unrepresentative sample,” says official.
The project features a walkway and jogging track running from the Dubai Marine Beach resort up to Burj Al Arab hotel.
Part of the Emaar Square integrated community, it marks the first full fledged hotel and residence project of The Address Hotels and Resorts brand in the international market.
SABIC, which is 70 per cent state-owned, attributed the fall in profits to a drop in sales and other income, although its cost of financing was lower.
Oman has been considering ways to reform its costly and sometimes wasteful subsidy system, though reductions in spending would be politically sensitive
A sustained oil price decline of $25 reduces the revenue of most GCC countries by the equivalent of about eight percentage points of gross domestic product, and could therefore push many of them into fiscal deficits.
Big provisions for bad loans taken by Kuwaiti banks in the past few years have also limited profits distributed to shareholders.
Security sources said that at least four men threw crude fire bombs also known as Molotov cocktails at the cars, which were parked.
Sources say that Aabar Investments is unhappy with the merger talks of Malaysia’s RHB Capital Bhd with IMB Group Holdings and Malaysia Building Society Bhd (MBSB).
The private healthcare-focused firm has made four investments in the United Arab Emirates since 2009 through its $120 million fund.
The company will finance a third of the $600 million from its own resources and the remainder via local and international banks.
The announcement comes ahead of the anniversary on Oct. 26 of a demonstration last year in which dozens of Saudi women said they had taken to the road in protest at the ban on female drivers.
UAE and KSA responses to the International Tablet Survey suggest a stark contrast in the perceived value of tablets compared to other nations.
The firm made a net profit of Dhs95.86 million ($26.1 million) in the three months ending Sept. 30, up from Dhs75.11 million in the year-earlier period, it said in a statement.
Saudi produced 9.70 million barrels of crude oil per day in September, but its supply to the market fell to 9.36 million bpd during the month.
The service, which will initially operate thrice a week, will be upgraded to a daily service in 2015 owing to strong demand, the company said.
Patrick Gordon will replace Shane O’Hare, who served as the CEO of the private charter company since 2007.
Major infrastructure projects planned in Saudi will require raising annual capital expenditure above the levels of SAR150 to SAR250 million seen in past years, Khodari said.
Manazel Real Estate has launched 860 two and three-bedroom villas in the new Al Reef development.
SABIC and Shell first announced plans to explore an expansion of their petrochemical plant in 2012.
The airline registered a 10.8 per cent growth in passengers in the third quarter compared to Q3 last year.
The Kuwait Investment Authority said it would offer its stake in the firm to the public in the first half of 2015.
The firm is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy.
Al Tayyar said quarterly sales rose 22 per cent year-on-year.
The Kuwait Investment Authority (KIA) is planning to offer its stake in Kuwait Investment Co in the first half of 2015.
New Dhs500 million runway enables airport to target more premium travellers flying on widebody aircraft
Ooredoo Kuwait has slipped to third in terms of mobile subscribers in its domestic market.
The man, coming from Liberia, was transiting at Dubai and was suspected of having the virus after suffering from diarrhea.