Revenue for the quarter rose 22 per cent to Dhs722 million, Air Arabia said, adding passenger traffic during the period was up 18 per cent.
RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.
Emirati citizens advised not to travel to the popular Arab country after a demonstration by pro-Assad Syrians in Sidon.
More than three quarters of respondents believe that aims of short-term corporate profitability have led to business damaging decisions.
First-quarter net income rose to $66 million from $57 million in the year-ago period, with operating income up 16 per cent.
A virus from the same family triggered the outbreak of Severe Acute Respiratory Syndrome that swept the world after emerging in Asia and killed 775 people in 2003.
Previously, firms debuting on the Tadawul had unrestricted price movement on their first day of trading, meaning shares often soared before falling back later.
Earlier this month the Abu Dhabi government said it would set up a full-service financial zone on an island near the city’s downtown.
Veteran emerging markets investor Mark Mobius reveals why he wants to double investments in Saudi Arabia.
Kuwait Airways plans to buy 10 wide-bodied A350-900 jets and 15 of the slimmer A320neo.
The project will be within the developer’s Jumeirah Village Circle community. Work is expected to start immediately with an estimated completion date at the end of 2014.
Bank of Muscat lost $40 million and UAE-based RAKBANK lost $5 million in the global heist.
The IPO has been postponed pending necessary approvals.
The Kingdom is currently investing heavily in building tourism facilities for domestic visitors.
The country is mainly eyeing investments in energy, logistics and infrastructure.
Bank Muscat had reported in February that its pre-paid travel cards were hit by fraud, forcing it to take a 15 million rial ($39.0 million) loss provision.
Under the deal, the companies would send up to 15.6 million tonnes of LNG each year to their South Hook terminal in Wales from the Golden Pass plant in Texas.
TDIC made a net loss of Dhs2.17 billion in 2012 due to impairments and depreciation compared with a loss of 1.27 billion in the previous year.
Shelly-Ann Fraser-Pryce also featured as a host of Olympic medallists began their build up to August’s world championships in Moscow.
Dozens of activists and political figures have been charged since late last year with insulting ruler Sheikh Sabah al-Ahmad al-Sabah.
With a steady availability of capital, Qatar’s sovereign wealth fund has been making opportunistic investments around the world, especially in Europe.
Omantel made a net profit of $75.6 million in the three months to March 31.
Commercial banks have ensure that at least five per cent of their total loans are given to small and medium-sized firms.
Dubai airline posts net profit of $622 million; Emirates Group profits up 34% to $845 million.
Flights will be diverted from Dubai International Airport to the new Dubai World Central during the 80-day period in May.
The insurance product is designed to boost the credit ratings of sukuk for sovereign issuers.
DFM made a first quarter net profit of Dhs27.03 million.
Nine-seater cinema and private salon among striking features of Dhs85,000-a-night floor
The new decree lays down regulations for the licensing and classifying of hotel establishments in Dubai.
The companies were identified as Al Hilal Exchange and Asia Exchange Centre.