The acquisition is being funded by a blend of the company’s own funds and bank facilities, Marka said.
Nabeel Rajab was convicted for “publicly insulting two government bodies.”
Akbar Al Baker once again refuted “baseless” subsidy claims, and called for the US government to continue its open skies agreement.
Uber’s reach now stretches across 310 cities and 55 countries and it records one million trips a day.
Canada was ranked as the world’s best medical tourism destination worldwide in 2014, according to a new index.
DSI’s first-quarter revenue was Dhs1.11 billion, down from Dhs1.25 billion a year earlier.
From October, online visas will become mandatory, and visas on arrival will not be granted at the airport, officials said.
Arabian Contracting Services Co will offer investors 16.5 million shares representing 30 per cent of its capital.
The state-linked builder made a profit of Dhs618 million in the three months to March 31.
Like Saudi Arabia’s King Salman, King Hamad has decided to send his crown prince to the United States in his stead.
The Capital Market Authority launched an investigation into the firm in November after Mobily restated a year and a half of its earnings.
The refinery will also undergo a second round of maintenance for 45 days starting March 1 next year.
The money would be in addition to another SAR1 billion the monarch had pledged, Al Arabiya said.
A military coalition led by Saudi Arabia has imposed inspections on all ships entering Yemen.
Up to 66 per cent of UAE professionals believe they earn less than what other firms in their industry offer, finds new survey by Bayt.
The regulator has asked the telecommunications operator to clarify information related to one of its businesses.
Published by the OECD, the biggest-ever global school rankings list is based on test scores in maths and science in 76 countries.
The move could further anger US carriers, which accuse Emirates of competing unfairly through state subsidies.
Total revenues tumbled 29 per cent to Dhs5.13 billion because of the plunge of oil prices since last June.
The builder reported a loss attributable to equity holders of Dhs279.82 million in the first quarter.
The five-day humanitarian truce in Yemen came into effect at 11 pm on Tuesday.
Obama’s summit with the GCC countries begins Wednesday evening and continues on Thursday.
Alibaba’s subsidiary Aliyun will set up a venture with Dubai-based Meraas.
Adel al-Jubeir said the summit would focus on conflicts in Syria and Iraq and also on the fighting in Yemen.
The transaction has received orders of seven times its size, an earlier document showed.
The firm had posted falling profits in eight of the preceding 10 quarters.
Abu Dhabi’s International Petroleum Investment (IPIC) owns all of Cepsa and is the biggest shareholder in Cosmo.
The bank’s net profit for the three months to March 31 was $147.18 million.
Ma’aden, the Gulf’s largest miner, is currently exporting around 70 to 80 per cent of the smelter’s production.
The company produces about 2.4 million tonnes of aluminium products per year.