The new company, Alkhabeer Ventures, will help fund businesses in sectors such as technology, mobile, e-commerce, news media and social media.
Experts say that Dubai real estate would not be able to escape a temporary impact from cheaper oil but noted that the economy is well diversified to sustain the lull in oil prices.
OPEC producers sought to bring balance to the market but a lack of cooperation from other producers led to a continued fall in prices, Naimi said.
Mazroui said the recent decision of OPEC to retain its production was correct, citing irresponsible supply from other producers for the recent fall in oil prices.
The Dhs600 million seafront project registered Dhs432 million in sales during the first phase of launch.
The FIFA President said that both Qatar and Russia will retain their World Cup hosting rights even as the football governing body voted to publish Michael Garcia’s investigative report.
Ghaith Al Ghaith describes how flydubai became the Middle East’s largest short-haul airline in just five years.
The accident, which took place earlier this month, killed 25 Egyptian fishermen.
Ties between Cairo and Doha deteriorated after Sisi removed the previous president Mohamed Mursi from power in July 2013 following mass protests against his rule.
The dead were behind the killing of a member of the security forces and wounding of another last week, a ministry spokesman said.
The bomb explosion occurred in Bani Jamra, a Shi’ite village northwest of the capital Manama.
The organisation’s executive president said that the fund has been investing heavily in Muscat Securities Market, taking advantage of the fall in prices.
The contract, announced by the U.S. Department of Defense, includes spare parts and is due to be completed by April 30, 2019.
John Sexton, the president of one the world’s top universities, explains why he decided to expand to Abu Dhabi.
Radicalisation of Muslims in the Kingdom has led to domestic attacks and the involvement of Saudis in jihadist movements.
UAE Oil Minister Suhail Bin Mohammed al-Mazroui said that all players must shoulder their responsibilities to reach market balance.
The phone, priced at Dhs1799, is modeled around BlackBerry’s popular Bold 9900.
Saudi Arabia, the largest producer in OPEC, will stick to its policy to maintain output, Naimi said, according to state news agency SPA.
A senior official said that gas will be transported by sea from Russia to Bahrain but did not specify the amount of gas that will be imported.
A UN official said that Iraq has requested a one-year deferral of a $4.6 billion reparations payment for destroying Kuwait’s oil facilities during the Gulf War.
The OPEC member exported 6.897 million barrels per day of crude in October, up from 6.722 million in September.
The assent was granted at a meeting on Thursday, with the proposals receiving near-unanimous support from independent shareholders, DP World said.
Stock markets in Saudi Arabia and the UAE soared on Thursday as the price of oil rebounded.
The fuel retailer said that the price reduction is in line with the international crude oil price trends.
The price of brent crude for February delivery settled up two per cent at $61.18 a barrel on Wednesday.
The SCA also stressed that brokerages must inform clients of any shortages in their margin accounts on a daily basis.
The company’s shares have plunged 42 per cent since the end of October as part of a panic sell-off in the Gulf.
The plan outlines the emirate’s development framework over the next seven years.
The officers were killed on Wednesday when their plane crashed during a joint exercise in Egypt.
Shares of three Bahraini companies are listed on DFM and accounted for one tenth of the bourse’s traded value this year.