Shares in Arabtec, one of the most heavily traded stocks in Dubai, have plunged 48 per cent from their May peak.
DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.
Kuwait’s Capital Markets Authority decided to monitor the stock after it was traded in high volumes ahead of a company disclosure last year.
Batelco, via wholly-owned subsidiary BMIC, had sued Chennai-based Siva and its chairman Chinnakannan Sivasankaran.
The official’s comments will further strain Qatar’s poor relations with Baghdad, which has long accused Doha of backing the insurgents.
The monthly salaries being offered for these jobs ranged from SAR4,000 to SAR10,000, according to a report by Riyadh Chamber of Commerce and Industry.
Dubai’s index drops 2.3 per cent while Abu Dhabi’s benchmark slides 1.4 per cent.
No figure for the amount of debt renegotiated was given in the statement, but bankers had previously said it was in the region of $4.5 billion.
The level of Aabar’s stake in Arabtec is important because the deep-pocketed fund has backed the construction firm’s expansion to become one of the region’s largest builders.
The union will charge a nominal membership fee of BD1.200 per year, which will amount up to 100 fils a month.
The investment firm will acquire 250 million shares from the ruling family of Ras Al Khaimah.
In a brief statement on Sunday, Dubai Financial Market said the stake had now risen slightly to 18.94 per cent.
The move reflects a rebound in investor confidence in the JLT development, says chairman.
Exclusive: Nasser Marafih, CEO of Qatari telecoms firm Ooredoo, says Qatar will host FIFA’s most successful tournament ever.
The country recently revised a standard form contract, which regulates the relationship between domestic workers and their employers.
Dubai house prices posted the fastest year-on-year rise of any of the world’s major markets in January-March, soaring 27.7 per cent.
Saudi health sources and international virologists have highlighted poor communication, lack of accountability and inadequate state oversight in the Kingdom.
The Qatari ambassador allegedly denounced a Libyan Supreme Court ruling on his twitter account.
Abu Dhabi-based Etihad is prepared to invest up to $1.70 billion over the next four years.
The OPEC meetings since 2012 have produced no policy change.
If stripped of the tournament, Qatar will suffer a big setback in the regional race for economic diversification, writes Reuters columnist Una Galani.
Weilers reveals why the South African hotel operator opened its first Middle Eastern property in Abu Dhabi.
Job opportunities in the hospitality sector have increased due to the growing number of hotel projects in the region.
Al Hilal will meet investors in the Middle East, Hong Kong, Singapore, London and Switzerland between June 15- 23.
Etisalat sold $4.3 billion worth of bonds in four tranches on Wednesday.
Miami International Airport becomes the airline’s sixth US gateway, and it’s 142nd destination from Doha.
All 64 games will be transmitted live by IMG Media using Etihad’s inflight entertainment system, E-box.
Arabtec shares dropped 2.4 per cent, a much smaller fall than the 7.8 per cent drop on Tuesday.
The petrochemical company has over 10,000 patents either issued or pending approval.
JP Morgan is acting as the global coordinator for the bond sale.