The second phase of the project is scheduled to be completed by 2016, RTA chairman Mattar Al Tayer said.
The deal, which was announced last July, foundered on issues ranging from its complex tax structure to the firms’ divergent cultures.
Ahmed al-Musalmi, who has served as deputy chief executive officer for the bank since 2011, succeeds Salaam al-Shaksy.
The expansion will see an addition of 4,300 hotels rooms over the next three years, state news agency WAM reported.
The project includes the expansion of a QP-owned gas processing plant at Mesaieed to help collect about 900 million cubic feet of sour gas per day.
The rate of infection in Saudi Arabia has surged in recent weeks after big outbreaks associated with hospitals in Jeddah and Riyadh.
The fund had revenue of Dhs91.2 billion ($24.8 billion) for the six months ending June 30, 2013, compared with Dhs77.3 billion in the same period in 2012.
Abbas Yazdi, a businessman who owns a general trading company in Dubai, disappeared last June.
The disease, a form of coronavirus, has killed 121 people in Saudi Arabia since it was identified two years ago.
Serco will provide postgraduate-level military education courses for Qatar’s officers in the navy, army and air force, in partnership with Britain’s Ministry of Defence and King’s College London.
The plan is to use bond market financing to take out a bridge loan signed in connection with the acquisition.
After a poor 2013, the struggling phone maker says it is ready to claw back global market share.
The new FOL would be 40 per cent and aims to improve the liquidity available to foreign investors.
The company has around 25 new hotels in the pipeline, which are to be launched over the next five years, a top executive said.
The company plans to add budget hotels to meet growing demand
Agility made a profit of 11.24 million dinars ($40.04 million) in the first three months of 2014.
SEBI was examining whether the share sale agreement between the two airlines amounted to an acquisition of joint control in the Indian airline.
The company expands its footprint with yet another project to add to its growing number in the region
Saudi Arabia supplied 9.650 million bpd in April to the market, up from 9.533 million bpd in March, an industry source said.
Up to 25 per cent of the carrier’s fleet will be grounded during the 80-day runway closure.
All camel shipments from the GCC will be quarantined for 24 to 28 hours until the laboratory tests are conducted, the ministry said.
Most of the several million haj pilgrims coming from abroad each year now arrive at a special terminal in Jeddah’s international airport.
Emirates made a profit of Dhs3.3 billion for the fiscal year ending March 31, it said in a statement.
The deal will enhance Etihad Airways’ capability to undertake maintenance on its growing fleet.
The total number of infections nearly doubled in April and has risen by a further 21 percent already in May.
Kuwait’s regulator noticed GFH stock traded in high volumes in May 2013, the Islamic investment firm said in a statement.
The emirate is also mulling a law that would mandate the private sector to develop green areas in the city, a senior municipality official said.
Etisalat has agreed to pay 4.2 billion euros for the stake.
The GCC states warned citizens against visiting Lebanon last June because of the unrest in neighbouring Syria.
The Dubai-based contractor said is planning a series of acquisitions and mergers.