Economic growth is expected to slow in 2016 as lower oil revenues hit state spending, the IMF said.
The proportion of its assets managed by external fund managers fell to 65 per cent last year from 75 per cent in 2013, the authority said.
The comment indicates Saudi Arabia will likely propose not to change output policy at producer group OPEC’s meeting on Friday.
Hassan Salem Al Homoud and his wife, Zainab Al Hosani, were charged with engaging in forced labor and could face up to 20 years in prison if convicted.
The Abu Dhabi airline said U.S. Open Skies policy did not prohibit airlines from receiving shareholders loans.
The top 10 biggest lenders in the Kingdom by 2014 total assets, taken from Gulf Business’ Top 50 GCC Banks list.
The market opening could lead to a flurry of foreign funds, paving way for more partnerships among local and international firms.
The journalists were arrested in December 2013 and originally sentenced to between seven and 10 years in prison.
Florian Philippot, the VP of the anti-immigrant party, accused Qatar of “funding an Islamism that kills” after the Charlie Hebdo attack.
Kingdom Holding, owned by Prince Alwaleed Bin Talal, sold its stake in Four Seasons Resort Mauritius to Sun Resorts.
Poor weather conditions forced the plane to land in Nagoya, officials said.
The chamber also elected two new vice chairmen and other executive committee members.
The A380 will now operate one of the airline’s two daily services between Sydney and Abu Dhabi.
Firms found flouting the rules will be fined Dhs 5,000 per worker while the penalty will rise to Dhs 50,000 if a large number of labourers are found to be working.
The top 10 biggest lenders in the UAE by 2014 total assets, taken from the Gulf Business Top 50 GCC Banks.
The unit will carry out work on the Oman Convention and Exhibition Centre in Seeb, two hotels in Saraya Bandar Jissah and an airport hangar-related facility.
Prices have surged to levels that may make even high-margin luxury developments unprofitable to build, experts say.
Gulf countries have been seeing a seasonal surge in the number of MERS cases, a trend that has been worrying experts.
Kuwait Airways Company is currently undergoing a privatisation process by the Kuwaiti government.
The Gulf’s construction sector is estimated to reach a value of $172 billion in 2015, a new study said.
Stocks and precious metals were the other favoured asset classes among UAE investors, a Franklin Templeton survey found.
The company is currently building five retail projects in Ajman and two in Dubai, a statement said.
Fasting hours are anticipated to stretch for up to 15 hours and 15 minutes at the beginning of the holy month.
The FA, which will rebrand the competition as The Emirates FA Cup, did not release any financial details.
A rapprochement could help strengthen a regional alliance against ISIL militants who have seized vast areas in both Iraq and neighbouring Syria.
Friday’s blast killed four people and was the second attack claimed by the Sunni militant group in a week in Saudi Arabia.
The organising committee said in a statement Qatar had conducted its 2022 bid with integrity and to the highest ethical standards.
ISIL claimed two suicide bombings carried out on May 22 and May 29 on Shi’ite mosques in eastern Saudi Arabia.
The refinery would be built in Indonesia’s Riau province, with the oil products being purchased by state-owned Pertamina.
Opening Saudi Arabia’s Tadawul should just be the beginning, writes the founder and president of Nasser Saidi & Associates.