The outlook for UAE banks in the near to medium term remains favourable, writes Nelson.
A list published on the agency’s website included names of well-known Sunni and Shi’ite Muslim families.
The 79-year-old Naimi has seen at least three price crashes during his two decades as oil minister.
The wounded man was taken to hospital and was in a stable condition, state news agency said.
The price will rise 25 cents on April 1 each year until it reaches $4 per mmBtu by April 1, 2021.
The US and Canada have urged Saudi government to cancel the flogging, saying that it was a violation of human dignity.
The Kingdom will pay two months of bonus salary to all state employees and pension to retired government workers.
The 50 lashes administered to activist Raif Badawi this month signal that religious conservatives have the upper hand in a tug-of-war with reformists.
As Lego opens its first Middle Eastern store, regional director Simon Bast explains where the toymaker is placing its bricks.
The DFM General Index retreated 2.6 per cent in January.
The deal is Investcorp’s second acquisition in Spain after its purchase of ceramics products maker Grupo Esmalglass-Itaca in 2012
Abu Dhabi grabbed the top spot in the region, ranking 25 among the top 50 safest cities in the world.
The company is looking to expand its presence in Saudi Arabia and the UAE.
ADNOC awarded Total a 10 per cent stake in the main land-based concession for 40 years starting Jan. 1, 2015.
The wheat will be purchased in shipments of 55,000 tonnes, the Kingdom’s state grain buyer said in a statement.
Saudi Arabia and Qatar were the biggest contributors, committing $25 million and $10 million respectively to Gavi Alliance.
Vodafone made a net loss of 68.8 million riyals ($18.9 million) in the last quarter of 2014.
NBO, earlier in January, posted a 29 per cent rise in fourth-quarter net profit, beating estimates.
The bonus shares will be paid out in the proportion of one share for every 20 ordinary shares held, the lender said.
The firm made a net profit of OMR8.3 million ($21.6 million) in the last quarter of 2014.
Mazen Alotaibi was found guilty in Las Vegas in 2013 of kidnapping, burglary, coercion, lewdness on a child and sexual assault on a minor.
Appearing in court, Salman denied all charges and said he had been calling for reforms in Bahrain through legal means.
State news agency KUNA estimated that diesel price reform would save the government around $1 billion a year.
The deal is the first completed by L Capital Asia in the Middle East, a statement said.
The offering by the bank will have a lifespan of between five and seven years.
The bank made a net profit of Dhs1.55 billion ($422 million) for the last quarter of 2014.
The group is planning to open 40 new medical centres as part of its expansion in the region, a senior company official said.
Construction of the villa project has already begun and it is due for completion at the end of 2015.
The lender was one of 10 bidders for the business put up for sale by the U.S. bank in October, a source told Reuters earlier this month.
The company, a consortium headed by Dubai firm Emaar Properties and Saudi investors, is building King Abdullah Economic City, a special economic zone near Jeddah.