The company received $71 million in cash from operations and cash collections in the third quarter.
The firm suffered $3.2 million loss in the same period last year.
Diplomats say preparations for the annual gathering of the GCC have become indicative of an unprecedented rift between Gulf Arab states over Doha’s backing of Islamists.
The opening of Dubai’s latest infrastructure project and the star attraction in pictures.
The smelter made a third-quarter net profit of BD29.5 million ($78.25 million) in the three months to Sept. 30, up from BD4.9 million in the year-ago period.
The trade, which made Aabar the biggest shareholder in Arabtec, was done at a price of Dhs5 per share, compared to the stock’s closing market price of Dhs4.26.
Output is expected to reach a peak rate of around 15,000 barrels of oil per day (bopd) as the wells are completed at the Manora oil field, the company said.
A booming population, rise in income levels and improved returns on investment in education are boosting growth in Dubai’s school sector.
Following the formal launch of the Dubai Tram today, experts say that properties in the immediate vicinity could see a gradual price increases.
The firm, also called flydubai, has picked seven banks as arrangers, a document from lead managers showed.
The company said in September this year that its accumulated losses as of August 31 stood at SAR2.689 billion, equivalent to 215 per cent of its paid-up capital.
The rules, which outline the conduct, activities and supervision of credit rating agencies, will help to develop the country’s capital markets.
The middle distillates market was hit by high supplies this year compared to last, which may have affected the term premium.
Qatar’s economy depends heavily on state spending funded by the coutnry’s gas exports but energy prices still appear far from levels that would stress government finances.
The official said that the oversupply is mainly caused by shale oil revolution in the market.
Bildco posted a loss of Dhs10.8 million ($2.9 million) in the three months to Sept. 30, compared with a loss of Dhs7.7 million in the same period a year earlier.
The airline said it made a net profit of Dhs247.4 million ($74.71 million) for the period ended Sept 30, up from Dhs202.7 million a year-ago.
The first phase of the Dubai tram, opening today, will stretch 10.6 kilometres and include 11 stations.
The company will offer 2.53 billion shares at a price of Dhs1 each, in an offer that will run from November 17 to November 30.
The developer made a net profit of Dhs127.93 million ($34.8 million) in the third quarter compared with Dhs171.89 million in the corresponding period of 2013.
Iranian Oil Minister Bijan Namdar Zangeneh visited Doha on Monday and delivered a message from President Hassan Rouhani to Qatar’s Emir calling for cooperation.
The U.S. Trade Representative said Kuwait had failed to introduce a copyright law in line with international standards and to properly protect copyright and trademarks.
The state-owned crude oil producer currently produces 1.6 million barrels per day.
The stock will be able to move a maximum of 10 per cent up or down on its first day of trading, the statement said.
A petrol price hike would probably have a much bigger impact on consumers than the diesel and kerosene changes.
The bank said several of its customers who have ongoing credit facilities with the bank obtained external funding to subscribe to the bond.
The executive said that the fluctuating oil prices does not overshadow Saudi Aramco’s long-term commitment.
Economic growth and lower provisions for bad debts have fuelled the banks’ profits, the UAE Banks Federation said.
An improvement in ties between Riyadh and Baghdad could help strengthen a regional alliance against Islamic State militants.