Access Infra Africa plans to invest over $500 million in renewable power assets in Africa over the next three years.
The company made net earnings of SAR428 million in the last quarter of 2014.
The two sides have been talking about the visit for about 18 months, and a date had been tentatively set for last October.
The airline ordered 44 Airbus A320s in 2007 and 29 of those hade been delivered by November 2014, according to Airbus data.
Net earnings in the three months to Dec. 31 were SAR434.4 million.
The newly launched firm is aiming to establish a real estate portfolio worth Dhs500 million by the end of this year, the company’s chairman said.
Net profit for 2014 gained 20 per cent year-on-year to QAR1.6 billion.
Falling oil prices will slash Kuwait’s public revenues by 60 per cent, the country’s finance minister told the parliament.
The company’s Dhs500 million hotel project on Palm Jumeirah is set to open in Q4 2016.
The bank’s profit was boosted by strong performance in operating income.
The bank said its 2014 balance sheet was strengthened by its reclassification of its exposure to Dubai World, as performing.
Tim Clark says airline industry will reap the benefits of lower oil prices in 2015.
The company is considering refinancing two loans that fall due in June and November, an official said.
SABIC’s chief executive Mohamed al-Mady told reporters that the outlook for 2015 was unpredictable and contingent on oil prices.
Dubai’s residential sector is likely to remain subdued over the next 12 months with the market absorb 25,000 extra units in 2015.
The company made a profit of SAR45.6 million ($12.2 million) in the last quarter of 2014.
The company earned SAR4.36 billion ($1.16 billion) in the last quarter, a statement said.
RAK Ceramics said it aimed to close the deal by March 25 and that the sale of shares would be at a premium to book value.
The Emirates will fund solar-powered projects in the Marshall Islands, Nauru, Palau, and the Solomon Islands through its $50m renewable energy fund.
Badawi was flogged 50 times last week but a second round of lashings was postponed for what a source told Reuters were medical reasons.
The discontent among Bahrain’s Shi’ite masses has worsened since the arrest of Sheikh Ali Salman, a Shi’ite Muslim cleric.
The Saudi domestic economy is softening as oil prices head south. Can it cope with the crash?
In 2014, bourses in the UAE and Qatar were upgraded to emerging markets status. Could the opening of Saudi Arabia’s Tadawul see it follow?
The plunge in Gulf stock markets, which were overvalued and dominated by panicking retail investors, made bond issuers stay out of the primary market.
The proposed expansion would boost the capacity of the Sitra refinery by 100,000 barrels per day, BAPCO’s CEO said.
There were no casualties and limited damage was caused, state news agency KUNA said.
Industry sources in Qatar said that the country was still studying the possibility of investing in Venezuela’s energy, real estate and tourism sectors.
The project has a net power capacity of 200 MW and is the largest utility scale solar plant in the world to be tendered in a single phase
Bank Muscat made a profit of OMR36.5 million ($94.8 million) in the last quarter of 2014.
The firm made a net profit of OMR1.7 million ($4.4 million) in the last quarter of 2014.