The UAE is building an LNG import facility in Fujairah, known as EmiratesLNG, with a capacity of nine million tonnes a year.
The emirate recorded rental growth of 8.1 per cent last year, found Knight Frank’s global index.
Full year revenue rose 31 per cent to KD238.97 million in 2014, while operating costs increased eight per cent to KD126.26 million.
The new firm will provide wireline and mechanical intervention services for oil and gas wells.
The airline will begin increased services to Jakarta and Bali from July 5 and July 16 respectively.
The one-week wakala contracts will allow the banks to deposit excess funds with the central bank.
The lender has set price guidance for the bond, which will boost its Tier 1 — or core — capital, at 5.875 per cent on Wednesday.
The residential project will feature 99 four-bedroom villas priced from Dhs7.7 million onwards.
Hamad al-Humaidhi has been appointed the new chairman of Ahli United Bank.
The bank currently holds 86.5 per cent of Tamweel.
The company lost Dhs3.63 billion in the fourth quarter of 2014.
An onboard warning system in cockpits alerted the pilots of an impending collision, averting a major accident.
Shareholders of Doha Bank, Qatar’s fifth-largest lender by assets, approved the purchase in December 2014.
Sam Deeb, the group’s CFO, was appointed in January 2014.
The metro would be 149 kilometres long with 20 kilometres of the line laid out underground, an official said.
Under a public-private partnership arrangement lasting 27 years, water will be taken from the Nyabarongo River and treated for use in the capital Kigali.
Testing of the plant’s performance will take between three and six months, the company said.
Six days of air strikes have targeted Houthi-held military hardware but have so far failed to eject the militia from cities it holds.
W Motors, makers of the Lykan supercar, confirmed that work on the facility was progressing well.
The move by the Abu Dhabi state-owned investment fund casts doubt on whether this key part of the emirate’s infrastructure plans will go ahead.
A legal team has been assigned to build a framework by May this year for the eventual introduction of VAT in the region.
The new zone will feature theme park attractions inspired by Lionsgate’s blockbuster motion picture franchises The Hunger Games franchise and Step Up.
Iran’s deputy foreign minister Hossein Amir Abdollahian said that Tehran has a proposal to end the conflict in Yemen.
A Saudi-led coalition has bombed Iran-allied Houthi fighters and army units fighting against President Abd-Rabbu Mansour Hadi.
The bond will be issued through a special purpose vehicle, NBK Tier I Financing Ltd, and be guaranteed by NBK.
Saudi Arabia, along with a coalition of Gulf states, is conducting airstrikes against Houthi rebels in Yemen.
The United Nations has appealed for $8.4 billion for Syria this year to help deal with the ballooning humanitarian crisis.
The plant, located in Jubail Industrial City, will manufacture up to 63,000 tonnes per year of polybutylene terephthalate (PBT) resin.
The fund provides working capital to small businesses focusing on agricultural commodities, energy and metals, a segment often neglected by Islamic lenders.
The strike are aimed at stopping the Houthis from taking more territory and pressing them to negotiate a power-sharing deal with President Abd-Rabbu Mansour Hadi.