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.
A sukuk issue is still in the early stages of discussion but would likely be in the 2015 fiscal year, which starts next month, an IFC spokesperson said.
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 total amount of media spend is estimated to reach up to $524 billion at year end, driven by an improved global economic outlook and the rapid rise of mobile advertising.
Shares in Dana Gas dropped 4.8 per cent on Sunday as part of a wider rout in Gulf stock exchanges that was partly due to the news from Iraq.
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.
Azar has been with Barclays since September 2010, when he joined from private equity firm Kohlberg Kravis Roberts & Co.
Aramex CEO Hussein Hachem says he will be looking to bring Mail Call’s ‘WantItNow’ e-commerce delivery service to other markets.
The move reflects a rebound in investor confidence in the JLT development, says chairman.
The man, 53, is believed to have contacted the virus during his transit in Abu Dhabi.
A study by the International Finance Corporation (IFC) found a potential market gap of up to $13.2 billion for Islamic financing in the region.
The more densely arranged cabins will be available early next year.
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.
A US district judge said that customers may pursue claims that the networking site violated their right of publicity.
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.
Weilers reveals why the South African hotel operator opened its first Middle Eastern property in Abu Dhabi.
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.
The move could further inflame concerns about how the social networking site treats personal privacy.