Gulf bonds are actually viewed as defensive plays by some international investors, even though the region is heavily exposed to oil prices and the scene of a fair amount of geopolitical instability.
Sunni Saudi Arabia is alarmed by the Houthis links to Iran and fears they may seek to emulate the king-making role played in Lebanon by its Shi’ite militia Hezbollah.
The unlisted airline, which started operations in June 2009, made a net profit of $14 million in the first half of this year.
The reduction to 650,000 was decided because of market oversupply, with the second to 500,000 made necessary by refinery maintenance, the source said.
Investigator Michael Garcia has argued today’s summary of his findings confirming Qatar’s running of the tournament in 2022 is “materially incomplete” and “erroneous”.
The investment will be channeled through its KEF Infra and KEF Health verticals, the company said.
Moroccan solar energy agency Masen said consortiums led by Spain’s Abengoa, GDF’s International Power and ACWA Power had been pre-selected for the 200 MW (Noor II) tender.
The chief executive declined to specify exactly which assets the company wanted to exit or how it would do it.
Emirates will restart two weekly passenger flights from November 16 and increase the frequency to four times a week from December 4, it said in a statement.
In a long-awaited report, the committee said that it found no grounds to reopen the bidding process for the soccer tournament.
Jabal Omar said that it made a profit of $115 million in the fourth quarter of the Hijri calendar year which ended last month.
Kuwait is planning to lift its capacity to four million barrels per day by 2020 and maintain that figure by 2030.
The project financing will fund construction of the parks, along with equity provided by Meraas investment group and the $689 million initial public offering (IPO) of 40 per cent of Dubai Parks and Resorts.
Aldar is working on 23 development projects in Abu Dhabi and is focused on completion of existing projects, CFO Greg Fewer said.
There were no immediate details of whether embassies were the target of the bombs or whether any staff or security guards were in the buildings at the time.
Abu Dhabi’s index climbed 0.1 per cent while Dubai’s bourse edged down 0.3 per cent.
The emirate, which provided water for free to UAE citizens, will charge a fee of Dhs1.7 per 1,000 litres for Emiratis from next year.
The purchase of EZW, currently owned by Port and Free Zone World, includes the assumption of net debt of $859 million.
Aldar made a profit of Dhs584 million ($159 million) in the third quarter of 2014, compared with Dhs413 million in the corresponding period in 2013.
Saudi Arabia will use the extra output to meet its own rising energy demands, including both power generation and water desalination.
Saudi Arabia’s oil minister said that the Kingdom wanted to work “with other producers to ensure price stability for the interest of producers, consumers and the industry at large”.
Once complete, the terminal will be capable of supplying an average of 1.2 billion standard cubic feet (bcf) of natural gas per day to the UAE.
The widely differing numbers underline the difficulty of finding reliable economic statistics in the Gulf, where many governments have not developed extensive systems for collecting data.
The firm made a profit of KD13.04 million ($44.8 million) in the third quarter of 2014.
In a monthly report , OPEC forecasted that demand for the group’s oil will drop to 29.20 million barrels per day (bpd) next year — almost one million bpd less than its current levels.
The sources said the EU antitrust authority had accepted the airlines’ offer to give up some airport slots on the Rome-Belgrade route to facilitate rivals.
The property firm said that it will focus on countries such as Saudi Arabia while avoiding conflict-prone states such as Egypt and Syria.
The firm made KD10.9 million ($37.45 million) in the third quarter of 2014.
UAE residents and citizens can now obtain their credit reports from the Al Etihad Credit Bureau’s website or customer service centres for a nominal fee.
High passenger loads shield airline from external factors but group profit impacted by dnata