The bank’s profit was boosted by strong performance in operating income.
The bank said its 2014 balance sheet was strengthened by its reclassification of its exposure to Dubai World, as performing.
Tim Clark says airline industry will reap the benefits of lower oil prices in 2015.
The company is considering refinancing two loans that fall due in June and November, an official said.
SABIC’s chief executive Mohamed al-Mady told reporters that the outlook for 2015 was unpredictable and contingent on oil prices.
Dubai’s residential sector is likely to remain subdued over the next 12 months with the market absorb 25,000 extra units in 2015.
The company made a profit of SAR45.6 million ($12.2 million) in the last quarter of 2014.
The company earned SAR4.36 billion ($1.16 billion) in the last quarter, a statement said.
RAK Ceramics said it aimed to close the deal by March 25 and that the sale of shares would be at a premium to book value.
The Emirates will fund solar-powered projects in the Marshall Islands, Nauru, Palau, and the Solomon Islands through its $50m renewable energy fund.
Badawi was flogged 50 times last week but a second round of lashings was postponed for what a source told Reuters were medical reasons.
The discontent among Bahrain’s Shi’ite masses has worsened since the arrest of Sheikh Ali Salman, a Shi’ite Muslim cleric.
The Saudi domestic economy is softening as oil prices head south. Can it cope with the crash?
In 2014, bourses in the UAE and Qatar were upgraded to emerging markets status. Could the opening of Saudi Arabia’s Tadawul see it follow?
The plunge in Gulf stock markets, which were overvalued and dominated by panicking retail investors, made bond issuers stay out of the primary market.
The proposed expansion would boost the capacity of the Sitra refinery by 100,000 barrels per day, BAPCO’s CEO said.
There were no casualties and limited damage was caused, state news agency KUNA said.
Industry sources in Qatar said that the country was still studying the possibility of investing in Venezuela’s energy, real estate and tourism sectors.
The project has a net power capacity of 200 MW and is the largest utility scale solar plant in the world to be tendered in a single phase
Bank Muscat made a profit of OMR36.5 million ($94.8 million) in the last quarter of 2014.
The firm made a net profit of OMR1.7 million ($4.4 million) in the last quarter of 2014.
The company did not specify where the shipment was headed to.
The carrier will sell aircraft from Sahaab Aircraft Leasing to a joint venture between South Africa’s Investec Bank and Hong Kong-based Chow Tai Fook Enterprises.
Qatar was the most expensive construction market in the Middle East region in 2014, according to a study by EC Harris.
Finland, Germany, Sweden, the UK and the US, who can all access 174 countries visa-free, top the list.
A consortium of Saudi Arabia’s ACWA Power and Spain’s TSK had been selected as the preferred bidder to build the 200MW solar power plant.
Emaar sold a 15.4 per cent stake in its retailing unit in an initial public offer in September, raising $1.6 billion.
The decrease was the sixth straight drop in quarterly profit posted by the bank.
The developer will launch for lease 1.5 million sqft of shopping, dining and entertainment space at the mall from January 18.
Wednesday’s 4.5 per cent surge in Brent crude futures was the biggest percentage gain since June 2012.