Industry
Commercial Bank of Kuwait is in the process of being converted into a full-fledged Islamic bank.
The main index in Saudi Arabia rose 0.4 per cent on Monday and closed at 9,790 points.
U.S. Assistant Secretary of State for Democracy, Human Rights and Labour, Tomasz Malinowski, was accused of “intervening” in Bahrain’s internal affairs.
British Airways’ area commercial manager, Paolo De Renzis, discusses the airline’s operations in the Middle East and reveals some details about its new 787 First Class cabin.
The four, one of whom was sentenced in absentia, were given prison sentences of two years to five years and six months.
Jumeirah Beach Residence saw the highest increase in rent prices at 10 per cent quarter-on-quarter, according to a report by Asteco.
Shell did not give a reason for the decision to end investments in the project, which is located in the Kidan area.
The court ordered Musallam al-Barrak to be freed on payment of a KD5,000 bail and delayed his case until September.
Agthia also distributes Al Ain Water, Ice Crystal Water, Capri Sun kid’s juice drink and natural spring bottled water Alpin in the country.
The delay in launching the spot contract was due to not being able to link all the participants, DMCC chief said.
The official was killed “when mortar rounds fell” in the Ibrahim Bin Ali area, a military spokesman said.
ENOC is one of the three companies that won the qualification certification to open more outlets in Saudi Arabia.
The SCA said it would also set up a technical committee with the central bank and the exchanges to prevent any manipulation of stock prices.
Sheikh Mohamed Bin Zayed dismissed news on social media sites about UAE President Sheikh Khalifa’s health as being “mere rumours”.
Drake & Scull subsidiary Passavant Energy & Environment will construct and operate two wastewater treatment plants in the North Indian state of Punjab.
Google’s Flight Search tool allows users to check out flight schedules and live ticket prices.
Overall hotel revenues in Oman reached OMR65.9 million, up 10 per cent from the same period last year, when it touched OMR59.7 million.
The fund launched by the Islamic Development Bank has $750 million in commitments from Saudi, Bahrain and Brunei.
The company said the increase was due higher sales in all segments apart from computers.
WBG will utilise the rail network’s operations for the distribution of materials from its crusher location at Tawyeet.
An Egyptian court handed down prison sentences of seven to 10 years to three journalists last month.
Prominent opposition politician Musallam al-Barrak has been detained for questioning over allegations that he insulted the judiciary.
Abu al-Khair had been on trial on sedition charges that included breaking allegiance to King Abdullah and showing disrespect for authorities.
The financing was arranged for BMJBR Properties Limited, a company owned by the private equity arm of Bank Muscat, the lender said in a statement.
Gulf Air’s services to all three destinations were reduced recently due to instability in those regions.
Dubai’s government debt is expected under a baseline scenario to fall gradually to 41.6 per cent of gross domestic product in 2019 from 60.2 per cent in 2013, the IMF said.
The lender cited higher operating income – which increased 17 per cent year-on-year – for the increase in net profit.
The port, which began operating on Jan. 6, currently has an annual capacity of 1.3 million twenty-foot equivalent units.
The new Abu Dhabi – Yerevan route will offer a total of 1,088 seats per week.
Last week, Bloomberg reported private-equity firms KKR & Co LP and TPG Capital were among groups looking to buy a majority stake in the food retailer.