NCB reported a net profit in the second quarter of 2015 of SAR 2.36bn ($629m)
The ministry of labour said that 11 firms were fined for flouting the midday work ban
The travel service firm is expecting to handle over 50,000 flights and 30 million bags in the months of June, July and August at Dubai airport
The airline’s sales office in Athens will remain open for bookings, it clarified
Abdullah al-Turifi is a founding member of the Securities and Commodities Authority
Business confidence in the emirate remained high despite a slower rate of increase in new orders and growth in June
Dubai has overtaken Malaysia and London for the listing of Islamic bonds on its exchanges
QNB, aiming to become the largest bank in the MEA by 2017, said loans and advances rose 9.2 per cent in the first half of the year
Oman’s biggest sovereign wealth fund owned a 30 per cent stake in Corporate Commercial Bank
Agencies which apply before the end of August will be allowed to operate until they receive a licence
Dubai is unlikely to see a steep growth in rents as the market stabilises, a new report says
The average value per claim in the Court of First Instance increased 490 per cent to Dhs 106.4m
Construction of the first phase of the plant, ultimately expected to generate 1,021 megawatts, will start this year
Post the deal, Marka plans to open 17 Morelli’s outlets in the MENA region by 2020
The company has been rocked by accountancy issues which have forced it to restate financial statements dating back to 2013
The 176 km six-line driverless network is scheduled for completion in 2019
The changes follow a series of management upheavals at the company since June last year
The new tactile features will be engraved in bleed-off intaglio printing on the edge of the banknotes’ short sides
The ministry said that 27,962 companies have resettled fines relating to 58,365 workers registered under their sponsorships
The added refining capacity is expected to eat into crude available for exports, Gulf-based oil and trading sources said
The new hotel is scheduled to open in the first quarter of 2019 and will be located on Prince Sultan road in Jeddah
The founding family of Mouka who will retain a minority stake in the company, a statement said
The draft law reportedly presents “flexible strategies” to bailout businesses that are facing bankruptcy
Al Ghurair has donated a third of his assets to an educational foundation as part of a charity drive
The government has also reformed the validity of family visit visas issued for expats, an official said
The bombing, which killed 27 people, was Kuwait’s deadliest militant attack
The UAE set up the Gender Balance Council earlier this year to empower women in the country
The UN has been pushing for a halt to the air strikes and fighting that has killed nearly 3,000 people in Yemen since March
The suicide bombing on a Shi’ite Muslim mosque last month killed 27 people
The company said second-quarter production stood at 238,904 tonnes against 231,713 tonnes in the same 2014 period