The state-owned firm said that it will take a 30 per cent working interest in the new exploration blocks in the event of a commercial discovery.
The two airlines will share services on 49 routes, more than double the previous number, state-owned SAA said in a statement today.
About 60 per cent of online consumers in the UAE have made purchases from overseas stores in the last 12 months, a new survey says.
The electric-powered hop-in-hop-off system, slated to begin operations in early 2015, will run for seven kilometers.
Equity markets worldwide tumbled after the 12-member OPEC yesterday cut its forecast for demand next year to the lowest level in 12 years.
Several industries such as manufacturing and aviation will benefit from lower oil prices, he said.
The January OSP, down $1.85 a barrel from the previous month, is Kuwait’s lowest since December 2008, Reuters data showed.
The biggest listed businesses in Kuwait valued by market capitalisation.
The current stance of Saudi is seen as a shift from its longstanding policy to act as a swing supplier, analysts say.
ICD is already the majority shareholder of DAE, holding 55 per cent.
The new Airbus A350 was scheduled for delivery on Saturday, December 13.
The Circle Mall is currently in the design stage and will open by 2017.
Differences still exist between the six GCC states over issues relating to Egypt, Libya and Iran.
The company building Dubai’s mega theme park complex saw its share prices fall nine per cent on Wednesday.
If enforced, it will become illegal to consume and trade alcohol across the sultanate.
The launch of Abu Dhabi Global Market (ADGM) comes as the emirate seeks to diversify its economy away from oil and gas.
EMS Capital, which holds 3.2 per cent of Songbird’s free float said in a letter to the bidders that it intended to accept the latest offer.
The 6,000 square metre terminal is scheduled to be completed in Q4 2015 and will host major operators such as Jet Aviation, XJet and Jetex.
News outlet Al Arabiya tops the list with over six million followers for its breaking news Twitter handle.
The drop was a fresh sign of a collapse of sentiment among retail investors in Dubai, who have dumped stocks as oil prices have hit five-year lows.
The 11 were accused of membership of al Qaeda’s Nusrah Front Syrian wing and another militant Syrian opposition group, Ahrar al-Sham.
The couple said that the company did not warn them about the hostility they could face as an interracial family living in Qatar.
Initially launching as a twice-weekly service, a third service will be introduced in January.
The GCC members face chaos in Yemen, Syria and Iraq, political turmoil in Egypt, sectarian tensions and a falling oil price.
Sheikh Sabah said that one of the ways to encounter the oil price slide was greater economic integration within the GCC.
Zainab al-Khawaja was also sentenced to three years in jail and fined 3,000 dinars in December for tearing up the king’s photograph.
The biggest listed businesses in the Emirates valued by market capitalisation.
The firm said on November 18 that it had received the backing of a “significant majority of investors” for the proposal.
The online pictorial map of the city allows users to navigate through several levels of the 830 metre tall Burj Khalifa.
Dubai’s Omniyat broke ground on a 225-unit tower in Dubai Maritime City on Tuesday, which the developer valued at Dhs600 million ($163 million).