The industry’s net profit is expected to rise to $25 billion in 2015, from an estimated $19.9 billion in 2014.
The police force, which will be known as GCC-POL, and the naval force will help the Gulf states to counter risks posed by terrorist militant groups in the region.
The program allows investors to purchase government-approved real estate (min $400,000) in return for citizenship.
Initially launching as a twice-weekly service, a third service will be introduced in January.
The Algerian minister reiterated that oil prices were down because of low consumption and high supplies especially from non-OPEC petroleum-producing nations.
Sheikh Sabah said that one of the ways to encounter the oil price slide was greater economic integration within the GCC.
Prices have fallen over 40 per cent since June and brent crude hit $65.33 a barrel on Tuesday, its lowest since September 2009.
The 600,000 sqft site, located in prime central London, will be redeveloped into a multi-use development.
The duty free shopping centre, situated in Lagos, is scheduled to be completed by 2016.
The agreement has been designed to facilitate two-way trade and investment.
The three-times-weekly service will begin operating from November 2015.
The main Dubai index drop almost neared its July low as panicky retail investors began selling off.
Brent crude oil fell more than $2 a barrel on Monday to a new five-year low.
US investment bank Morgan Stanley said oil prices could fall as low as $43 a barrel next year.
The British Embassy in Cairo closed to the public on Sunday, also citing security concerns.
The hostile move followed Songbird’s rejection of an initial $3.43 billion approach.
The aircraft descended from 39,000 to 10,000 feet in five minutes before landing safely in Perth.
Around 30 per cent of all BBJs in service are operated by Middle East customers.
European manufacturer’s ACJ330 Summit targets governments and VIPs
The group is opening three new hotels in the Iraqi city of Erbil and a new hotel in Saudi Arabia, its chief executive said.
Islamic lenders need to improve their efficiency and increase penetration in predominantly Muslim markets to be big players in global trade finance.
The suspect has been identified as a 38-year-old Emirati woman.
Houthi fighters, friendly with Iran, took over the capital Sanaa in September.
Brent hit a five-year low below $68 a barrel on Monday after averaging around $110 a barrel in 2011 to 2013.
Brent crude was up 0.3 per cent at $70.10 a barrel at 0840 GMT.
The global average air temperature over land and the sea surface for January to October was 0.57 degree Centigrade.
The airline had initially planned to deploy the jumbo jet to the Thai capital from January 2015.
Half of all long-haul flights are affected as group unveils details of low-cost long-haul division
Indonesia’s oil firm Pertamina is in talks with CNOOC, Saudi Aramco, Thailand’s PTT Pcl and a Japanese oil company to form joint ventures.
The company has invested up to $10.6 million to raise its stake in Block C1-27, an oilfield situated in Cote d’Ivory.