The increase in refinery’s capacity according to the current plan is from 260,000 barrels per day to 360,000, the minister said.
OPEC decided at its last meeting in November to keep production unchanged, rather than cutting it to support sliding oil prices.
Hundreds of labourers from the Fountain Views project gathered in Downtown Dubai to demand bonuses, eyewitnesses said.
Analysts say the Swedish government’s change of tack in foreign policy could jeopardise billions of dollars in sales, particularly for defence-related companies
The board also proposed a five per cent bonus share issue for 2014.
Average salaries in Saudi Arabia rose seven per cent to reach $12,978.3 per month in the Gulf Business 2015 Salary Survey.
Abanmai has previously served in several executive posts at SABIC and its affiliates, a bourse filing said.
Safco will raise its capital from SAR3.33 billion to SAR4.16 billion ($888 million-$1.11 billion), according to a filing on the bourse website.
Wyndham’s brand enters the underserved select-service mid-market
The company did not disclose the value of the deal or the exact size of the stake it purchased.
The UAE has staged events such as the 2009 and 2010 FIFA Club World Cups and the FIFA under-17 World Cup in 2013.
Aramco executive said that the $1 trillion figure included projects that might merely be delayed, not just those that could be cancelled outright.
Sultan bin Saeed al-Mansouri said that the word subsidy is often misused and warned that it should not be used without sufficient proof.
The move comes after Sweden’s foreign minister criticised Saudi Arabia’s decision to punish blogger Raif Badawi.
Oman Brunei Aviation Leasing Co will invest in and manage the purchase and lease of commercial aircraft operated by airlines in the Middle East and globally.
Aramco deployed 210 oil and gas rigs in 2014, an exceptionally busy year, company sources had said.
Prices for Trump PRVT mansions will start at Dhs6.5 million.
A report by a state audit body alleged BD400 million of public funds had been wasted by government departments and state-linked firms.
Mubarak Fahad Ali Fahad Al Duwailah is charged with accusing the UAE of being against the Sunni Islam school and for insulting the Gulf country’s leader.
Trading on the Cairo stock market is expected to begin on Wednesday, the company’s chief executive said.
The firm earned QAR2.8 billion for the full year, compared with QAR1.4 billion in the prior year.
The zero-fuel airplane is flying from the UAE capital to Oman in the first leg of its journey.
The builder announced it November it planned a SAR500 million rights issue to help expand its business.
Until now there has been only one issuer of sukuk in Oman, a OMR50 million private placement from Tilal Development Co.
Emirates, flydubai and Etihad Airways have suspended flights to Erbil as ISIL destroys ancient cities in Iraq’s north.
Said Jadad found guilty of “undermining the prestige of the state”, was fined and sentenced to three years in jail.
Saudi contractor Mohammed Al Mojil Group has not traded on the Saudi bourse since July 2012.
Prince Alwaleed has previously made investments in technology brands including Twitter and Chinese e-commerce firm JD.com.
The firm will ask creditors to amend the terms of its $2.3 billion restructuring deal originally signed in 2012, sources said.
Overall, salaries in the UAE have risen by 9.97 per cent year-on-year to around $11,224 per month, finds 2015 Gulf Business salary survey.