The statement did not make immediately clear whether al-Mady would be leaving his post at Saudi Basic Industries Corp.
The UAE follows Saudi Arabia, the United States, Germany, Britain, France and Italy in shutting their missions in the Yemeni capital Sanaa.
Qatar has been fending off allegations of corruption ever since it was awarded the 2022 tournament.
The WHO is still trying to track down more than half the people who were on the same Saudia airline flight from Riyadh to Manila.
Kuwait briefly halted all its oil exports on Thursday due to a dust storm and bad weather.
POSCO signed the deal to sell a 38 per cent stake plus new shares of POSCO Engineering & Construction to Saudi’s PIF.
Saudi Arabian builder Abdullah Abdul Mohsin al-Khodari and Sons said on Thursday it had been…
Four oil majors — ExxonMobil, Royal Dutch Shell , Total and BP — had each held 9.5 per cent equity stakes in the ADCO concession since the 1970s.
The loan is being arranged by Emirates NBD and will have a 10-year term and an amortising structure, sources said.
The Saudi king has created two new super-committees that give Mohammed bin Nayef and his son Mohammed bin Salman extensive control over most aspects of Saudi policy making.
The UAE looks to grab a larger share of trade with China, outwitting its Gulf peers.
The 38 year-old man developed symptoms on December 29, 2014 and passed away on February 6 this year.
The plant in Jubail will go offline on March 1, the company said in a bourse statement,
The suspension will remain until further notice when the weather conditions improve, a spokesman said.
OSN has signed a five-year partnership with the wrestling network to distribute it as a premier channel in the MENA region.
The company said that its revenues will mainly originate through ticketing, hotels and retail segments in the project.
The company has asked lenders to provide pricing guidance for a one, three or five-year loan.
The airline chief said that the US carriers underestimated the level of competition when they signed the open skies policy in 1999.
That marks the lowest term price for Kuwait Petroleum Corp since its December 2008 to November 2009 contract.
Brent oil is back around $55 per barrel after a loss of as much as three per cent on Wednesday.
The developer reported a 61 per cent jump in quarterly profit.
It plans to increase its capital to SAR5.72 billion from SAR4.76 billion by issuing one bonus share for every five held.
The move is expected to help the UAE become the world’s most innovative nation by 2021, said Deputy PM Sheikh Mansour.
The company’s annual profit was Dhs2.24 billion in 2014, almost flat compared to Dhs2.25 billion in 2013.
Under Saudi guidance, OPEC decided last November not to cut output, allowing oil prices to plunge.
ENBD raised A$400 million from its last kangaroo bond issue in April last year.
Food delivery business 24h.ae, founded in 2011, will continue with the current management and team.
The company said that its Dreamz and Glitz projects are on track to be completed by 2016 and 2017 respectively.
As founder of the Bahrain Center for Human Rights, Rajab took a leading role in demonstrations led by Bahrain’s Shi’ite Muslim community in 2011.
The deal is QNB’s biggest syndicated loan to date and proceeds will be used for general corporate purposes.