The bank is accused of making undisclosed payments to investor Qatar Holdings in 2008.
The Kingdom’s regulator announced last month that it open the $580 billion Saudi market to international institutions.
Jesse Vargas discusses how he is fast-tracking the growth of the world’s only Ferrari –branded theme park.
The Oman Railway Company has pre-qualified 18 consortiums to undertake its national railway project.
Health ministers from the six Gulf states have chalked out a common strategy to defend the region from the deadly virus.
Defender Flores will join defending champions Lekhwia, while attacking midfielder Hernandez has joined Al-Arabi.
The 14 were convicted of premeditated murder and intent to use violence against members of the security forces.
Funds from the loan will be used for general corporate lending purposes, it said.
Authorities are still investigating the cause of the blaze.
Doha airline will serve capital Asmara twice weekly from December
The company’s shares jumped as much as 10 per cent – their daily limit – in early trade.
The listing is expected to raise Dhs8-Dhs9 billion, making it one of the region’s largest equity offers since 2008.
Under the new ruling, cruise tourists can get a multiple entry tourism permit for Dhs200.
Sources suggested that the new sukuk, if successful, would be used to refinance a $1 billion syndicated loan taken in May 2012.
The decline in traffic was mainly due to the upgrade work at Dubai International Airport that lasted for 80 days, the UAE’s aviation authority said.
Passenger traffic at Abu Dhabi International airport is expected to be higher still in the second half of this year, an official said.
Savola said in a bourse filing that talks have not yet reached a stage that would require disclosure.
KFH, whose former chief executive Mohammed al-Omar retired in May, did not say when it expected the regulator to respond.
The new equine service, called SkyStables, is being rolled-out across Etihad Cargo’s network of 44 freighter destinations.
Emiratis accounted for the largest share of investment in Dubai’s real estate market- almost double the amount invested by other GCC nationals.
The Abu Dhabi-owned oil explorer and power supplier said that the project does not match the company’s growth strategy.
The emirate also sent out requests for proposals for an Islamic bond deal in June.
TAQA reported a net profit of Dhs239 million ($65.1 million) for the second quarter compared with a loss of Dhs172 million a year earlier.
The company said that it expects to pay 2016 maturities from improved operational cash flow and asset sales.
In a message sent to Haider al-Abadi, King Abdullah wished him success in “in restoring cohesion” among the Iraqi people.
Saudi Foreign Minister Prince Saud al-Faisal also called for support from Egypt to end the fighting.
The much-awaited bureau will begin to issue consumer credit reports to financial institutions next month, it said.
The airline will add four flights to Tehran and Muscat each and two flights to Islamabad.
The developer booked sales of $1.68 billion in the first half of 2014, up 75 per cent from a year earlier.
The Dubai-based carrier is the world’s largest operator of Airbus’ A380 jets.