The company said its profit for the three months to March 31 would likely be Dhs265 million ($72.2 million).
Dissatisfaction over state broadcasters’ staid programming and societal restrictions have created a large audience for web-based entertainment in the Kingdom.
Wataniya made a net attributable profit of 19.8 million dinars ($70.3 million) in the three months to March 31.
The jump in infections is particularly concerning due to the large number of pilgrimsset to visit the country in July during Ramadan
Head of Oman’s Central Bank says infrastructure projects are generating economic activity.
Finance ministry and ICD venture Bidaya will submit an application for a licence as soon as regulations under the kingdom’s mortgage laws are finalised.
Initial price thoughts on the Islamic bond have been set between 5 and 5.125 per cent.
State-run utility’s net profit rises by nearly half in the three months to March 31.
Mobily made a first-quarter net profit of 1.4 billion riyals ($373.3 million), up from 1.34 billion riyals in the prior-year period.
The firm made a net profit of 2.39 billion riyals ($637.3 million) in the three months to March 3.
Abdullah al-Rabeeah’s post will be taken over by Labour Minister Adel Fakieh, who keeps his current post, according to a royal decree.
The country has been considering an IPO of its stock market for years, but political infighting and entrenched bureaucracy delayed it.
The airport welcomed around 4.5 million passengers during the first three months this year.
The firm made a net profit of 55.9 million dinars ($198.5 million) in the three months to March 31.
The lender made a net profit of Dhs409.5 million ($111.5 million) in the three months to March 31.
Newly installed general manager wants a broader range of guests and seeks to capitalise on Emirates’ global network
Kuwait’s central bank governor said that the state needs to reduce wasteful spending and “rationalise” subsidy programmes.
The waterfront development includes 225 residential apartments and a 200 room five star hotel.
An international firm is scheduled to visit the Kingdom to discuss the manufacturing of a MERS vaccine.
Profit climbed to SAR190.8 million ($50.9 million) in the quarter, the company said in a statement.
The Gulf state has cut down the number of stadiums to eight from the original plan of 12, a senior official said.
Net loans and advances climbed 17 per cent to 1.31 billion rials, while customers’deposits increased 8 per cent to 1.41 billion rials.
The developer has launched three new projects in Abu Dhabi worth $1.4 billion, it said in a bourse statement.
Two newspapers were suspended after they published stories about a recording that discusses an alleged plot to overthrow the Gulf state’s ruling system.
Net earnings in the three months to March 31 were SAR126.4 million ($33.7 million), compared to SAR110.1 million in the same period a year earlier.
The company lost 913 million riyals during the three months to March 31, compared to 657 million riyals during the same period of the previous year.
The company, which filed a lawsuit, claims Zain’s takeover had stopped the firm buying Iraqna, causing it losses of $4.5 billion.
Gulf International Bank plans to issue floating rate notes with a lifespan of five years through a private placement in Saudi Arabia.
The cleric used unusually placatory language about Qatar’s neighbours, some of whom he has accused of a variety of failings including being insufficiently Islamic.
The Kingdom Tower project has been undergoing exhaustive testing works before construction begins on April 27.