Airbus is already working on an all-electric two-seater plane hoping this technology will serve as a step to bringing electric motors on to larger aircraft.
FIFA’s investigation was launched last year into alleged corruption surrounding the voting procedure for the 2018 and 2022 World Cups, awarded to Russia and Qatar respectively.
Arab bankers said they expect to see global banks moving increasingly to sell Middle East retail units or merge subsidiaries with other banks.
Emirates NBD is Dubai World’s biggest creditor with an exposure of more than Dhs9 billion($2.5 billion), against which it has set aside provisions of five per cent
Tech giants such as Facebook, Google and Microsoft have joined hands with many other firms to help fight the Heartbleed bug.
As other Android-device makers swallow chunks of Apple’s market share, many are impatient to see what Apple can come up with next.
Mohammed al-Omar’s resignation as CEO is linked to wider management changes at KFH, one of the sources said.
The Haj ministry said that it is yet to receive directives from health officials about the MERS-coronavirus being an epidemic.
Initially budget airlines will operate at the airport, while other airlines will start services there in May, the airport authority said.
The lender made a net profit of Dhs1.04 billion ($283.7 million) in the three months to March 31, a statement from the bank said.
The state-owned developer is focusing on developing mid-tier real estate projects in Abu Dhabi.
Etihad has so far refused to negotiate with Italy’s unions, which have sunk negotiations between Alitalia and other bidders in the past.
Much of Emaar’s growth is expected to come from projects worth billions of dollars within Dubai.
This latest move likely adds to tensions in the tiny Gulf state, where there are clashes with police in many Shi’ite areas almost every day.
Net profit for the opening three months of the year was 432.4 million riyals ($118.8 million) , a company statement said.
Prince Turki al-Faisal said that the Gulf states should be prepared for any possible outcome from Iran’s nuclear talks with world powers.
The bank’s operating profit reached Dhs151.1 million, up 18.8 per cent year-on-year.
The company will use available funds to repay the amount, which is the remainder due on a $555 million facility maturing in December 2015.
The lender made a net profit of Dhs1.33 billion ($362.1 million) in the three months ending March 31.
The exchange made Dhs215.1 million ($58.6 million) in the opening three months of 2014, compared to Dhs27 million in the same period last year.
Domestic workers surveyed by the group in Qatar reported being slapped, pulled by the hair, poked in their eyes and kicked down the stairs by their employers.
The sources said it was currently unclear if STC was looking to complete a sukuk issue in the local Saudi market.
A health ministry statement said eight of the people were in intensive care, two were stable and one showed no symptoms.
The 10-year loan is the first such facility agreed between ADCB and NIC.
The government’s holding in the operator will drop to 51 per cent following the completion of the second and final part of the share sale.
The firm will undertake the civil construction portion of the mixed use development in Algiers, it said in a statement.
The company posted a net loss of 8.2 million Kuwaiti dinars ($29.2 million) for the 2013, against a 3.3 million dinar loss a year earlier.
The company said its profit for the three months to March 31 would likely be Dhs265 million ($72.2 million).
Dissatisfaction over state broadcasters’ staid programming and societal restrictions have created a large audience for web-based entertainment in the Kingdom.
Wataniya made a net attributable profit of 19.8 million dinars ($70.3 million) in the three months to March 31.