Dubai-based Ghantoot Road Contracting has won the contract to undertake infrastructure work in Al Furjan Phase 2.
The exports, which will amount to 15 per cent of Kuwait’s oil export output, are estimated to be worth $120 billion.
The convoy had been heading for Le Bourget airport north of the city on Sunday night.
The first phase of the project is expected to boost the airport’s capacity from 13 to 30 million annual passengers.
An uncertain investment climate in oil-exporting Middle Eastern countries may lead to a two million bpd shortfall and a $15 jump in oil prices by 2025.
Gulf Business speaks to Ali Haidary, CEO of Sports and Entertainment Solutions.
A halt in more than a month of fighting, in which 1,945 Palestinians and 67 Israelis have been killed, had been set to expire at midnight on Wednesday.
The listing is expected to raise Dhs8-Dhs9 billion, making it one of the region’s largest equity offers since 2008.
Oman’s foreign minister Yusuf bin Alawi bin Abdullah said that the recent dialogue between Qatar’s emir and Saudi’s King Abdullah has been effective in easing the rift.
The decline in traffic was mainly due to the upgrade work at Dubai International Airport that lasted for 80 days, the UAE’s aviation authority said.
Leaks suggest that Apple’s latest smartphone will have a larger screen, rounded edges and recessed volume controls.
Passenger traffic at Abu Dhabi International airport is expected to be higher still in the second half of this year, an official said.
There are no licensed treatments or vaccines for Ebola but several biotech companies and research teams have been working on potential drugs.
Americana, 67 per cent owned by the Kharafi family, may be sold, according to reports.
U.S. air strikes on the Sunni insurgency in Iraq calmed market worries over the risk to oil production.
The ultra low sulphur diesel cargo could eventually displace the high sulphur gasoil the company offers in the spot market.
The company is also building a factory in Dubai to keep pace with its growth plans in the region.
The Saudi citizen, who displayed symptoms of the virus, died last week after returning from a business trip to Sierra Leone.
Organization of the Petroleum Exporting Countries (OPEC) trimmed its projection for growth in global demand this year citing weaker-than-expected U.S. demand.
Bahrain News Agency quoted a senior official as saying that Qatar had “targeted specific families and singled out a particular category of people” with no consideration to Bahraini laws.
Emirates was the chief noisemaker at the recently concluded Farnborough International Airshow, confirming its ambition to be a long haul leader.
The growth in passenger traffic was mainly due to the temporary shift of almost 600 flights from Dubai International during the runway upgrade project.
The bidding process for the 2024 games is expected to begin in 2015, and the winning city will be revealed in 2017.
The Ebola outbreak in West Africa, that has killed 932 people so far, could be one of the biggest challenges this year for some airlines, said IATA.
The hotel called ‘Suites in Skai’ had 234 hotel rooms, 234 one and two bedroom apartments and 33 penthouses for sale.
Lebanon has been buffeted by violence linked to the Syrian conflict, including rocket attacks, suicide bombings and gun battles.
Etisalat Misr is planning a $500 million share sale on the Egyptian stock exchange, according to reports.
Fox’s chairman and CEO Rupert Murdoch cited Time Warner’s board’s refusal to come to the table to discuss a takeover as a reason for the turnabout.
The Kingdom has also beefed up precautionary measures at airports to monitor the spread of the virus during the Haj season, a senior official said.
The new concourse will be connected to an existing terminal by an automated train.