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.
The first of the Doha carrier’s 80 A350s has entered service to Frankfurt
Americana, backed by Kuwait’s billionaire al-Kharafi family, operates franchises for restaurant chains around the region.
Net profit for the full year was down 30.6 per cent year-on-year to OMR40.5 million.
Net profit in 2014 was OMR163.2 million, up 7.3 per cent from the previous year.
Emaar said the pricing on the loan had fallen by 1.5 per cent.
Oil prices have collapsed about 60 per cent in the last six months.
Abu Dhabi Investment Authority is pursuing a second arbitration over its $7.5 billion investment in Citigroup in late 2007.
The lender made a net profit of SAR1.83 billion($487.6 million) in the last quarter of 2014.
The company made a net profit of SAR269 million ($71.68 million) in the last quarter of 2014.
The bank made a profit of SAR969.4 million ($258.3 million) in the last quarter of 2014.
The company said that work on the steel structure, in which the animation zone is located, has started.
The current price fall affects Kuwait and other oil-producing countries, KUNA said, citing Ali al-Omair as telling parliament.
Prices quoted by companies to build the huge complex showed the project was “commercially unfeasible, a joint statement said.