The purchase of Vela paves the way for a deal which makes Bahri the world’s fourth-largest owner of very large crude carriers (VLCCs).
The six month long event is also encouraging business colleges to set up base in the emirate.
Al Suwadi Power Co and Al Batinah Power Co, each offered a 35 per cent stake to the public in offerings worth a combined $162.9 million.
Federal government and ministry employees will work from 9am to 2pm.
Randall faced waves of uncertainty when UAE water exports were banned. The Masafi CEO reveals how he got the ship firmly under control with a new plant in Turkey.
The acquisition is Al Habtoor’s second hotel in the Hungarian capital.
Under new rules announced last week, permission will only need to be sought to increase prices of essential items such as rice, tea and fish.
As per the deal, bonds can be listed and traded through the exchange by local and international investors, with NBAD using its account with Euroclear to process the transactions.
Turkey and Qatar both have supported the Muslim Brotherhood, an Islamist movement which has been declared a “terrorist” organisation by Egypt and Gulf countries.
The tramway’s stations are also almost complete, confirms RTA chairman Mattar Al Tayer.
Samsung Galaxy S3 was the second most commonly used smartphone with 2.7 per cent of market share, followed by iPhone 5s that had 2.5 per cent share, official data reveals.
Paris and London are the second third most favoured destinations, according to a study by Private Jet Charter.
The investment will be conducted through Egypt’s International Company for Agro-Industrial Projects.
UAE officials have also urged Emirati citizens in Lebanon to leave the country immediately.
King Abdullah, on his way home from Morocco, did not leave his plane, which was on the ground at Cairo airport for just over an hour.
Nomura Asset Management and Lazard Asset Management have opened new offices in Dubai this year.
The founder and president of Nasser Saidi & Associates explores the impact of the Emerging Market Upgrade on the UAE and Qatar.
Following unrest in the country, some foreign financial firms have moved staff to Dubai.
King Abdullah Economic City, the Kingdom’s mega project, is shifting focus to become a local tourism hub from its initial plans of being a financial centre.
Hasan Ismaik who resigned from Arabtec on Wednesday, holds a 28.85 per cent stake in the company.
The cargo operator was included in the list after seeing record April and May tonnage.
The airline will add over 135 seats to San Francisco and 137 seats to Houston after it launches the jumbo A380 on these routes.
The amount represents a five-fold increase compared to the same period (June 12 – June 15) in 2013, said Visa.
Populist politician Geert Wilders published stickers critical of Islam in the green and white colours of the Saudi flag last December.
King Abdullah will stop off in Cairo for just a few hours on his way home from a visit to Morocco, Saudi sources said.
Oman Oil Refineries and Petroleum Industries Co (Orpic) said supply to the market will not be interrupted.
The investment firm said it plans to make a significant capital expenditure in the listed Egyptian hospital.
Iraqi Prime Minister Nuri al-Maliki has said that the Kingdom backs Sunni militants ISIL.
Al Rajhi is the Kingdom’s biggest listed lender and the world’s largest Islamic bank,
The project will be developed on a build, own, transfer (BOT) basis with a total investment of $2 billion, ACWA said.