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.
UAE lender says the rebrand signals its clear plans to grow.
The launch continues Deyaar’s move into the hospitality sector.
MERS has infected 244 people in the Kingdom, of whom 76 have died, according to officials.
SABIC chief said that increased competition among sectors and a shortage of gas have made internal expansion hard.
Emiratis invested around Dhs7 billion in Dubai property while Indians continued to be the top foreign investors with transactions worth Dhs5.8 billion.
The portfolio, which comprises loans to SMEs in the UAE, will strengthen the bank’s position in the sector.
The firm’s operating profit fell 96 per cent partly due to reforms in Saudi Arabia’s labour market.
The company made a profit of 423 million riyals in the first three months of 2014, up from 295 million riyals in the year-earlier period.
The developer has appointed AE7 for design, supervision, architectural and engineering services.
SABIC made a net profit of 6.44 billion riyals ($1.72 billion) between January and March compared to 6.56 billion riyals a year earlier.
The bank made a profit of $26.75 million in the first three months of 2014, according to a statement in Oman bourse.
Net profit rose to 26.06 million dinars in the first three months of 2014 from 23 million dinars in the same period a year ago.
The ministry said on its Twitter account the explosion was in the mostly Shi’ite village of al-Maqshaa’, outside of the capital Manama.
This is the latest step to widen foreign access to Chinese capital markets.
Liberal reformers, atheists and human rights advocates have all been targeted through a series of arrests and new laws in the Kingdom.
As the UAE and Saudi race to build nuclear reactors to meet mounting energy needs, the inevitable question arises – is nuclear a viable option?
The study found that the majority of parents in the UAE were financially ill prepared for their children’s education.
The 80-day renovation programme at the airport will begin on May 1.