The EIA official did not rule out the possibility of an extra charge being levied if the banks started using the Emirates Identity Cards for financial transactions.
The issue, which will be done as a private placement, will help boost the bank’s core capital.
Investor orders worth around $2 billion have been placed so far, a document from lead arrangers said.
The terms of the transaction were not disclosed.
U.S. Defense Secretary Chuck Hagel addressed a meeting of GCC defence ministers in Jeddah.
There has been a marked increase in the number of direct air connections between the two regions in the last year.
The death toll has risen to 201 in the incident, which is considered to be Turkey’s worst mining disaster in decades.
The hotel is part of the developer’s Dhs2.5 billion Opus project, located in the Burj Khalifa district in Dubai.
The firm made a profit of Dhs274 million ($74.6 million) in the three months to March 31.
Saudi Arabia’s peak power demand during summer is approaching the total installed capacity of around 60,000 MW, a senior official said.
Work will resume for both private and public sector workers on May 26, officials said.
The company has agreed one-year murabahas – a sharia-compliant cost-plus-profit arrangement -with Qatar Islamic Bank, Masraf Al-Rayyan and Barwa Bank.
Officials had previously said that they would gradually raise the domestic selling price for diesel fuel, almost doubling it by 2017.
One of the two healthcare workers has been hospitalised, a health official said.
Lufthansa, Europe’s largest airline by revenue, had put LSG Sky Chefs up for sale in 2012 but then abandoned the plans.
The industrial complex is expected to help provide around 100,000 direct and indirect jobs for Saudis.
Iranian Foreign Minister Mohammad Javad Zarif has visited most of Kuwait, Qatar, Oman and the UAE since the nuclear pact.
The mixed-use development is being planned around the 53-hectare Al Mamzar Lake.
Meeting will be held to discuss whether to elevate the status of the virus.
Kuwait Petroleum Corp (KPC) signed a $12 billion LNG supply deal with Royal Dutch Shell on Sunday.
The Fund estimates that subsidies cost the region $237 billion annually.
The Abu Dhabi carrier flies four times daily to Qatari capital Doha.
The institute will focus on skills development and research capabilities as Dubai targets becoming a ‘Smart City’.
The fund aims to issue an Islamic bond with a six year lifespan and a conventional bond offering of 10 years duration.
The Sharjah-based low cost carrier recorded a 12 per cent rise in passenger traffic.
Dubai’s ruler Sheikh Mohammed launched the first project under the emirate’s Brand Dubai initiative.
The developer said that booked sales more than doubled year-on-year to $864 million in the first quarter.
The country’s manufacturing and hospitality sector have seen immense growth
Waha Capital’s net profit in the three months to end-March rose to Dhs152 million($41.4 million).
The passenger was on Saudi Airlines Flight 113 from Jeddah to London.