The bank made a net profit for the three months to the end of September of KD10.9 million ($37.8 million), compared to KD9.8 million in the year-earlier period.
While average rents dropped in Q3 compared to Q2, rental rates recorded double digit increases on a year-on-year basis.
The Kingdom’s largest listed retailer aims to open six new stores on average each year.
Gary Anderson is stepping down due to ill health and will be temporarily replaced with COO Gaurang Desai.
Portugal’s largest listed lender, Banco Espirito Santo, was rescued by the state in August.
Burgan said it plans to issue 216 million new shares and that the rights issue will raise its paid-up capital to KD197.18 million.
The project will be spread across a total area of 25 million square feet and will be located along Emirates Road.
Jumeirah in the emirate came bottom on a list ranked by the cost of a basket of travel essentials.
Middle East bourses tumbled last week, with Dubai taking the biggest hit and losing 13.6 per cent.
The firm attributed the rise to a 5.6 per cent rise in revenue and a reduction in costs and marketing expenditure.
In March, Arabtec said it would build one million homes in Egypt in a $40 billion project backed by the Egyptian and UAE governments.
An industry source said there was no impact on oil operations in the world’s top crude exporter.
Atlantis refinanced an $880 million loan to take advantage of favourable market conditions, ICD confirmed.
UAE government’s use of social media is revolutionising governance but experts say that challenges persist.
Prices above $100 are unsustainable because they lead to too much new supply and too much demand destruction, writes Reuters columnist John Kemp.
Sohar is starting to compete for traffic with Jebel Ali and other top Gulf ports, as part of a far-reaching plan by Oman to diversify its economy beyond oil.
Gulf Business speaks to Neelesh Bhatnagar, director of Oasis Centre.
The bank attributed the rise in quarterly profit to higher operating income, which increased 12.1 per cent.
Globally, passenger numbers are expected to reach 7.3 billion by 2034, representing a 4.1 per cent average annual growth.
Kuwait Foreign Petroleum Exploration Company (Kufpec) was last in the market in June 2013 when it sealed a five-year $750 million deal.
The BIE, which oversees World Expos, was provided an overview about the new Expo 2020 Bureau and the site’s positioning.
Resort blends leisure and business around an ‘understated’ luxury theme
Saudi Aramco Products Trading Co sold a November 180-centistoke derivative to Glencore at $466.25 a tonne.
Kuwait Oil Co intends to spend some $42 billion on oil and gas projects over five years.
The Saudi index sank to 9,407 points, its lowest level since mid-April.
Dubai’s airport retailer accounted for 5.19 per cent of global airport duty free business and almost three per cent of the wider duty free and global travel retail business.
Chang Zhou Almaden, which produces photovoltaic glass, will set up a 15,000 sqm manufacturing facility at the free zone.
The cabinet “accepted” a report by a committee at the Ministry of Electricity and Water on hiking prices of diesel and kerosene more than threefold, state news agency KUNA reported.
The group was convicted of embracing militant ideology, the possession of ammunition in their apartment and firing on security services during a raid on their apartment in Mecca, killing one security officer.
The passenger arrived in Dubai on a plane from Liberia, the ministry said.