The three countries withdrew their ambassadors from Qatar in March, accusing it of undermining their domestic security.
Benchmark brent crude dipped to a four-year low of under $80 per barrel last week, compared with a June high above $115.
Dow Chemical announced last week that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures.
The agreement ends a four-year legal row between Nakheel and IFA Hotels And Resorts, which prevented retailers from occupying spaces they paid for on the Palm Jumeirah’s retail strip.
UAE’s first Four Seasons blends leisure and business around an ‘understated’ luxury theme
The index will monitor the level of intellectual property rights protection in the emirate by gauging satisfaction levels among the business community for the existing laws.
The bank did not disclose how much debt would be converted, however 118.61 million new ordinary shares with a value of $0.8431 per share would be issued to IFC subject to regulatory approval.
The project, slated to open by the fourth quarter of 2016, will feature 259 rooms and modern recreational facilities.
Saudi Arabian Finance Minister Ibrahim Alassaf was replying to a question on whether the recent plunge in oil prices was on the G20 agenda.
Dubai’s index slipped 0.3 per cent as Arabtec dropped 2.8 per cent and was one of the most heavily traded stocks on the bourse.
Shares will be sold at SAR23 each, with shareholders eligible to purchase one new share for every 3.8 shares they currently own.
Katara Hospitality’s investment restores Doha icon to former glory while catering to modern travellers
The builder reported a profit of Dhs68.7 million ($18.71 million) in the third quarter of 2014, down from Dhs100.8 million in the corresponding period of 2013.
The firm made a net profit attributable to shareholders of Dhs21.4 million ($5.83 million) in the third quarter of 2014, down from Dhs23.8 million in the year-earlier period.
The company made a net profit of Dhs109.3 million in the third quarter of 2014, down from Dhs140.8 million in the year-earlier period.
The comments come ahead of a pivotal OPEC meeting on Nov. 27, where producers will consider whether to cut output in order to shore up prices that have dived more than 30 per cent.
To secure approval Etihad and Alitalia agreed to give up airport slots on the Rome-Belgrade route as Alitalia and Air Serbia, are the only carriers offering direct flights on that route.
Under the deal signed last week, the IQ Made in Italy joint venture will buy a 28.4 per cent stake in Inalca.
The move echoes a similar step by Saudi Arabia in March and could increase pressure on Qatar whose backing for the group has sparked a row with fellow Gulf monarchies.
Baghdadi urged supporters in Saudi Arabia to take the fight to the rulers of the kingdom, which has joined the U.S.-led coalition in mounting air strikes against the Islamic State group in Syria.
Representatives from both Saudi Arabia and Mexico agreed that all efforts should be made to stabilize international oil markets.
Clark said Emirates had cancelled the order after Airbus changed the plane’s specifications but it would look closely at how the aircraft performs once it starts flying.
Saudi’s oil minister Ali al Naimi said the Kingdom’s policy of seeking stable global markets had not changed.
Abu Dhabi is looking to further establish its name on the world stage by transforming Manchester City FC into a global footballing brand. But could the emirate’s era of sports investment be coming to an end?
The UAE’s new central bank governor might not be expected to bring major change but analysts say that the appointment is a welcome step.
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”.