SABIC’s acting CEO Yousef Abdullah al-Benyan said the idea was still at an early stage.
SABIC CEO Benyan said the fall in oil and petrochemical product prices was “out of control”, but said his company was well placed to deliver returns.
Lloyd’s will target Saudi Arabia and the United Arab Emirates to gain a foothold in Islamic insurance market.
The firm made SAR205.4 million in the first quarter of 2015, it said in a bourse statement.
Nakheel’s chairman reveals how he revived the company’s fortunes, and why he is confident Dubai’s property market will not crash again.
The new Mohammed bin Rashid Space Centre will conduct outer space research and help build the UAE’s capabilities in outer space exploration.
Mousawat said the slight drop in quarterly profit was due to a net loss from a Riyadh hospital it opened in November 2014.
SABIC made a net profit of SAR3.93 billion in the first quarter, down from SAR6.44 billion in the year-earlier period.
Obama and King Salman also reportedly agreed that a negotiated political solution was necessary to achieving lasting stability in Yemen.
The Mercedes driver lapped the Sakhir circuit with a best time of one minute 34.599 seconds.
The cargo would be for May delivery, traders said.
The contract includes a long-term “Totalcare” package, which means Rolls-Royce will also provide service and maintenance to Emirates for the Trent 900 engines.
The cargoes were sold at 37-40 cents a barrel below Dubai quotes via a tender, averaging at a discount of 39 cents a barrel.
Amlak’s shares have been suspended since November 2008 after the global financial crisis helped trigger a local real estate crash.
The price means the retail and wholesale tools superstore will raise around 504 million riyals from its flotation.
Dubai is planning to be a centre for an “Islamic economy” with sharia-compliant businesses ranging from banking , trade, food preparation, fashion, education and tourism.
Final rules covering the opening of the market will be published on May 4.
The law regulates the usage of laser, fireworks, light beams and drones in Dubai’s airspace.
Al Naboodah will carry out the complete earthwork grading for the 31 million sq ft project.
Capacity rise on key London route coincides with arrival of its 60th A380 aircraft
The Egyptian government had said state-owned EGPC will buy 65 per cent of its oil product import needs from ADNOC in 2015.
LandmarkShops.com recorded a 200 per cent year-on-year growth in revenue for the fiscal year 2014-2015.
A new study reveals that majority of women in the GCC feel disadvantaged at work due to prevalent gender inequality.
Bahah also called on the armed forces to support the “legitimate” government in exile.
Saudi Aramco and India’s Reliance Industries have not yet concluded a term contract to import diesel and gasoline.
The new track will connect the existing cycling path at Seih Assalam to Mohammed bin Zayed Road and onwards to Nad Al Sheba.
Combined customer deposits at the two full-fledged Islamic banks and Bank Muscat almost tripled in the year to March.
Saudi Kayan made a net loss of SAR591.6 million ($157.8 million) in the first quarter of 2015.
The listed developer also projected a higher profit forecast for this year and approved a cash dividend worth Dhs1.07 billion.
G3 Global Grain Group, a joint venture of Bunge and Saudi Agricultural and Livestock Investment Co (SALIC), said that it will buy a 50.1 per cent stake in CWB for $201 million.