SABIC, which is 70 per cent state-owned, attributed the fall in profits to a drop in sales and other income, although its cost of financing was lower.
Oman has been considering ways to reform its costly and sometimes wasteful subsidy system, though reductions in spending would be politically sensitive
Big provisions for bad loans taken by Kuwaiti banks in the past few years have also limited profits distributed to shareholders.
Security sources said that at least four men threw crude fire bombs also known as Molotov cocktails at the cars, which were parked.
Sources say that Aabar Investments is unhappy with the merger talks of Malaysia’s RHB Capital Bhd with IMB Group Holdings and Malaysia Building Society Bhd (MBSB).
The private healthcare-focused firm has made four investments in the United Arab Emirates since 2009 through its $120 million fund.
The company will finance a third of the $600 million from its own resources and the remainder via local and international banks.
Saudi Arabia beheaded 26 people in August, more than in the first seven months of the year combined.
The announcement comes ahead of the anniversary on Oct. 26 of a demonstration last year in which dozens of Saudi women said they had taken to the road in protest at the ban on female drivers.
UAE and KSA responses to the International Tablet Survey suggest a stark contrast in the perceived value of tablets compared to other nations.
The firm made a net profit of Dhs95.86 million ($26.1 million) in the three months ending Sept. 30, up from Dhs75.11 million in the year-earlier period, it said in a statement.
Saudi produced 9.70 million barrels of crude oil per day in September, but its supply to the market fell to 9.36 million bpd during the month.
The service, which will initially operate thrice a week, will be upgraded to a daily service in 2015 owing to strong demand, the company said.
Patrick Gordon will replace Shane O’Hare, who served as the CEO of the private charter company since 2007.
Major infrastructure projects planned in Saudi will require raising annual capital expenditure above the levels of SAR150 to SAR250 million seen in past years, Khodari said.
Manazel Real Estate has launched 860 two and three-bedroom villas in the new Al Reef development.
SABIC and Shell first announced plans to explore an expansion of their petrochemical plant in 2012.
The airline registered a 10.8 per cent growth in passengers in the third quarter compared to Q3 last year.
The Kuwait Investment Authority said it would offer its stake in the firm to the public in the first half of 2015.
The firm is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy.
Al Tayyar said quarterly sales rose 22 per cent year-on-year.
The Kuwait Investment Authority (KIA) is planning to offer its stake in Kuwait Investment Co in the first half of 2015.
New Dhs500 million runway enables airport to target more premium travellers flying on widebody aircraft
Ooredoo Kuwait has slipped to third in terms of mobile subscribers in its domestic market.
The man, coming from Liberia, was transiting at Dubai and was suspected of having the virus after suffering from diarrhea.
eyaar, one of the companies worst hit by Dubai’s property market collapse in 2009-2010, made a quarterly profit of Dhs78.5 million.
DIC has been selling down its portfolio of assets to service its debt, most recently selling German packaging company Mauser for $1.72 billion.
Under the contract, the first phase of an expansion of the master gas system, SEPCO will install two booster gas compressor stations.
Yas Mall, developed by Aldar, is set to open in November and will feature over 370 retail and F&B brands.
Waha, which has a stake in New York-listed AerCap Holdings, had assets totalling Dhs6.5 billion ($1.8 billion) in June this year.