The Dubai equities benchmark tumbled 7.7 per cent to 3,068 points, a one-year low.
UAE Oil Minister Suhail Bin al-Mazroui’s came as brent prices neared $60 a barrel.
The Arabic language news channel, based in Bahrain, was initially slated to begin airing in end-2012.
The collision is at least the second such recent incident involving vessels passing through the Suez Canal.
The reduction is down to Aldar using some of the money due from Abu Dhabi’s government to repay debt, its CFO said.
Facilities that have been shut down include a day-care surgery centre, a plastic surgery clinic, an aesthetics clinic and a dermatology clinic.
The delegation, which includes the secretary general of the BIE, is checking on the progress of Expo 2020 Dubai.
Analysts fear that any power struggle after the sultan’s death within his Al-Said family – or between the royal family and army leaders – could rattle the country.
Interpol this month issued a Red Notice alert for Sheikh Youssef al-Qaradawi in connection with several alleged offences including murder, arson, vandalism and theft.
As per the deal, a number of Holiday Inn & Suites branded hotels will be developed across the Kingdom over the next five years, IHG said in a statement.
The facility, arranged by Goldman Sachs and Qatar National Bank for B. R. Shetty, will last for 18 months, according to one of the sources.
Voice calls accounted for 64 per cent of the operators’ revenues in 2013, data was 18 per cent, text messaging four per cent and subscription payments 14 per cent in Bahrain.
Brent crude climbed above $62 per barrel on Monday, after hitting 5-1/2-year lows of $60.28 earlier.
The 25-year arrangement was awarded by state-owned Manateq.
A gunman holding three labourers hostage shot dead a member of the security forces when police tried to free the captives.
New changes would cover market mechanisms and the operations of market makers.
Officials are estimating budget spending at KD19 billion in the fiscal year starting next April.
The move comes after days of stock market falls across the Gulf region in response to slumping oil prices.
Rising cost of living and inflation are the main factors impacting the ability of UAE residents to save, a new survey says.
UAE minister of energy ruled out a cut in OPEC’s production or an emergency meeting soon to stabilise the falling oil prices.
Despite the oil slump, the country’s wider economy is likely to be shielded by its fiscal strength, officials said.
The special cash dividend follows the successful IPO and listing of the Emaar Malls Group.
The museum, anticipated to be ready by December 2015, will encompass 9,200 square metres of art galleries.
The Abu Dhabi-based airline is expanding its US network as it looks to tap into the growing business and trade links between the US and the UAE.
The Dubai benchmark tumbled 6.1 per cent to 3,374 points, erasing most of its remaining year-to-date gains.
Current CEO of Tasnee, Saleh bin Fahad al-Nazha, resigned for personal reasons, the company said.
PostNet provides courier, printing and copying services, plus stationery and mailboxes, and has 287 stores in South Africa.
The handover of Airbus’ first mainly carbon-composite jet was originally scheduled for December 13.
The low-cost carrier is launching new routes to Zagreb, Sarajevo and Sofia.
ORPIC had said on Dec. 5 that it had put out a fire at one of the naphtha treatment units at the refinery in Muscat.