Full-year net profit for Prince Alwaleed’s investment firm rose five per cent to 742.5 million riyals.
Taqa plans to invest more than $300 million in the first phase of the project.
Saudi Telecom reported a net profit of 3.62 billion riyals in the three months to December 31.
The new rules aim to reduce red tape for businesses and cut short approval time.
BRE is selling some of its assets to Qatari Diar to help eliminate its debts.
High liquidity in the country has kept funding costs low.
The ‘Launching People’ initiative aims to help transform ideas into reality in four areas – fashion, education, invention and start-ups.
The “Heart of Europe” project, a complex of luxury hotels and villas, is expected to be completed by the end of 2016.
The firms will work on photovoltaic solar projects through the joint venture.
Fast food chain plots Asian and European expansion on top of openings in UK and North America.
The project will be developed by Dubai’s Union Properties, along with National Properties, a unit of National Bonds Corporation.
The project is an integrated entertainment, hospitality and leisure development and is expected to boost Jordan’s tourism industry.
Shell is selling the stakes to the Kuwait Foreign Petroleum Exploration Company, a partner in the project.
It was previously estimated that the project to produce usable gas from Shah’s high-sulphur gas field would be completed in late 2014.
The Dubai developer is maintaining sales prices at the same level as last year, confirms chairman Ali Rashid Lootah.
The contribution of solar power towards the region’s energy mix is forecast to shift significantly in the coming years, says new report.
If Iran meets its end of the agreement, the European Union and the US will suspend some economic sanctions in return.
QIB made a net profit of $100.2 million during the three months to December 31.
Fiji, Kiribati, Samoa, Tuvalu and Vanuatu will receive grants from the UAE’s $50m renewable energy fund.
GFH, which bought the second-tier club in 2012, said it had agreed to sell the stake to a consortium of British investors.
Economists estimate only 30-40 per cent of working-age Saudis hold jobs or actively seek work.
Shale oil remains much more costly to produce than most Middle East crude.
Total fees rose to $722 million in 2013, the highest since 2010.
A study has shown 71 per cent believe flexible working improves staff retention.
Isam al-Sager, 58, is currently the deputy chief executive of National Bank of Kuwait.
Acquiring Palm Utilities will give Empower about 70 per cent of the UAE’s district cooling market.
Mubadala has taken a 20 per cent interest in Block 2B and Shell has taken a 20 per cent interest in Block SK320.
All Emirati males between ages 18 and 30 will be required to serve in the military while it is optional for women
The venture is looking at various raw materials to produce biofuel including agricultural waste and date palm leaves.
Reem Island showed the highest rise in prices for the second consecutive year in 2013, comprising around 30 per cent of online property searches.