Saudi Arabia’s Oil Minister Ali al-Naimi reiterated that the Kingdom intends to remain the world’s number one oil supplier.
Earlier on Monday, shareholders approved a proposal to buy back a “limited number” of the company’s shares, according to a bourse filing.
Abdulaziz al-Ghurair, CEO of Dubai-based lender Mashreq, is calling for the introduction of wills and trusts that are compliant with Islamic principles.
The firm, a subsidiary of Qatar’s Ooredoo, made a net profit of KD2.2 million in Q1 2015.
Major four-star hotel to phase in room upgrades that reflect latest design trends.
The approval was granted at the firm’s annual shareholder meeting, according to a bourse filing.
Emirates NBD, First Gulf Bank, Gulf International Bank, HSBC, Noor Bank and Standard Chartered will provide the loan, three sources told Reuters.
The world’s top oil exporter is keen to maintain its market share, Prince Abdulaziz Bin Salman Bin Abdulaziz said.
The transaction will increase the company’s total borrowing to $600 million.
Gross volumes totalled 15 million 20-foot equivalent units (TEU) in the opening three months of 2015.
New Delhi plans to use a 10 per cent reduction permissible under a 25-year contract with Qatar’s RasGas.
Dubai is ranked 16th spot on the index, with prime office rents remaining flat since H2 2014.
The new business will be developed as a joint venture with Bahrain-based brokerage Mubasher Financial Service.
Inpex was one of 11 firms that bid for stakes in the concession covering Abu Dhabi’s 15 principal onshore fields.
The plane belonged to the King Faisal Air Academy, a military flight school in Riyadh, the Saudi Press Agency said.
Developer Eagle Hills plans to spend $3 billion on building the mega mixed-used Belgrade Waterfront project.
The loan will be repaid in 14 installments spread across seven years.
The closures lasted between 20 and 26 days.
Indian nationals accounted for Dhs3.040 billion of the total.
The firm made a net profit of Dhs67.7 million ($18.4 million) in the three months to March 31.
The country’s hydrocarbon sector also grew stronger than expected, up three per cent.
The total included legitimate trade deals in the course of lobbying in the run up to the 2010 vote for the tournament, the UK’s Mail on Sunday said.
Kirdar will replace Abdul-Rahman Salim al-Ateeqi, who will retire as chairman at the end of the current fiscal year on June 30.
The firm said the effect of the work on its financials was unclear and would be announced at a later date.
ISNA said two Iranian cargo planes carrying food and medicine to Yemen had been forced by Saudi jets to leave Yemeni airspace.
Mohammed Abdulrahman Abu Niyan, 23, has confessed to carrying out the shootings on behalf of ISIL.
Riyadh now faces a test of its diplomatic skills in trying to arrange talks among Yemen’s fractious elites.
The Dubai-based firm could raise between $750 million and $1 billion from the bond.
Saad al-Ajmi, spokesman for the Popular Action Movement (PAM) was reportedly deported.
Hilton’s new neighbourhood brand targets districts with strong local flavour