The rising cost of living is among the factors impacting UAE residents’ plan to save for their retirement.
The company made a net profit of SAR236 million ($62.9 million) in the last quarter of 2014.
The company said that the loan was for general corporate purposes.
TDIC’s deputy finance head Matt Matharu is currently serving as acting CFO, a spokesman said.
The loan will be used for capital expenditure and general business purposes, Al Hamra said in a statement.
Dubai’s index added 1.2 per cent, with Dubai Islamic Bank’s (DIB) 2.8 per cent gain the main support.
Abu Dhabi General Services Co awarded the contracts to the company for improvements to two sections of the highway from Mafraq on the outskirts of Abu Dhabi.
In Dubai on Sunday, the shares soared their 15 per cent daily limit to Dhs0.35 in their heaviest trading since mid-December.
The company made net earnings of SAR428 million in the last quarter of 2014.
The airline ordered 44 Airbus A320s in 2007 and 29 of those hade been delivered by November 2014, according to Airbus data.
Net profit for 2014 gained 20 per cent year-on-year to QAR1.6 billion.
Falling oil prices will slash Kuwait’s public revenues by 60 per cent, the country’s finance minister told the parliament.
The company’s Dhs500 million hotel project on Palm Jumeirah is set to open in Q4 2016.
The bank’s profit was boosted by strong performance in operating income.
The bank said its 2014 balance sheet was strengthened by its reclassification of its exposure to Dubai World, as performing.
The company is considering refinancing two loans that fall due in June and November, an official said.
SABIC’s chief executive Mohamed al-Mady told reporters that the outlook for 2015 was unpredictable and contingent on oil prices.
The company made a profit of SAR45.6 million ($12.2 million) in the last quarter of 2014.
The company earned SAR4.36 billion ($1.16 billion) in the last quarter, a statement said.
RAK Ceramics said it aimed to close the deal by March 25 and that the sale of shares would be at a premium to book value.
The proposed expansion would boost the capacity of the Sitra refinery by 100,000 barrels per day, BAPCO’s CEO said.
Industry sources in Qatar said that the country was still studying the possibility of investing in Venezuela’s energy, real estate and tourism sectors.
Bank Muscat made a profit of OMR36.5 million ($94.8 million) in the last quarter of 2014.
The firm made a net profit of OMR1.7 million ($4.4 million) in the last quarter of 2014.
The carrier will sell aircraft from Sahaab Aircraft Leasing to a joint venture between South Africa’s Investec Bank and Hong Kong-based Chow Tai Fook Enterprises.
The revised bid values Arab Dairy at 363 million Egyptian pounds ($50.5 million) against $49.68 million for the latest Pioneer offer.
Solar projects having capacity to produce up to 1,800 megawatts of power are to be awarded over the next 12 months in the region.
Emaar sold a 15.4 per cent stake in its retailing unit in an initial public offer in September, raising $1.6 billion.
The decrease was the sixth straight drop in quarterly profit posted by the bank.