The funds raised will partly be used to buy a new vessel, refinance debt and pay investors dividends.
The state-owned firm built a crude oil pipeline from Habshan to Fujairah in the UAE.
The IMF predicts Saudi’s overall growth to reach 4.4 per cent this year, due partly to an expected decline in oil output.
Taken from the Gulf Business Top 50 Banks, these are the biggest banks in the UAE by 2012 total assets.
The plant will use integrated gasification combined cycle (IGCC) technology to convert vacuum residue fuel from the refinery into a synthetic gas.
The new fund will be run by Qatar Holding, Qatar Petroleum International and Qatar Electricity and Water Company.
Opulent devices provide guests with quicker access to services and part of wider technology push
Does the latest feature-rich smartphone from Samsung live up to its hype?
Average allocations to PE by the region’s developmental wealth funds have increased by 33 per cent in the last 12 months.
The Kuwaiti group signed a contract in 2006 to build a resort in Tripoli, which was later cancelled.
Ascott is opening up in Riyadh, while the first One & Only Resort and first Staybridge Suites in KSA are opening in Jeddah
Two Arabtec employees said several thousand workers engaged on various projects did not report for duty on Sunday and stayed in their accommodation.
The boards of both companies have reportedly approved the deal, expected to be announced on Monday.
Saudi Aramco is estimated to import 8.9 million barrels of diesel in June, up from around 6.7 to 7.5 million barrels in May.
The Kingdom produced 9.136 million bpd of oil in March, 14,000 bpd less than in February.
Good and stable oil prices over the last year were one of the most important factors, according to the National Bureau of Statistics.
The company’s financial impact of the shut-down is initially estimated at SAR119 million.
The trio, covering in-flight catering, ground handling and cargo, now fall under Etihad Airport Services, a wholly owned subsidiary of Etihad
Focus is currently on the US and Europe but it will come to the Middle East.
Nizar Mohammad al-Asani replaced Farouk Zanki as CEO at the oil firm and the cabinet approved the nomination of six board members.
The park, spread across 34,000 square meters, is slated for completion in the first quarter of 2015.
The hotel is raising the syndicated loan to refinance existing debt and provide new funds.
An investigation traced the attacks to hundreds of internet protocol addresses in a number of countries.
The Bank of London and The Middle East plans to open an office in Dubai this year to help boost its capital markets.
In April, Versace CEO Gian Giacomo Ferraris said the house may consider opening the company to outside investors to help fund expansion
Hotels in Ajman, Fujairah and the delayed resort in Abu Dhabi will open alongside new projects in Riyadh and Amman.
One of the world’s richest countries per capita, Kuwait has struggled for years to get big infrastructure projects off the ground because of bureaucratic red tape and political turmoil.
US growth remains weak, the European debt crisis is dragging on and instability is affecting the Middle East’s oil supply.
The Capital Market Authority announced a series of measures designed to reduce the volatility of shares, make them harder to manipulate and improve the quality of listed companies.
Boasting its own app, the Zikmu Solo provides great output and comes equipped with various connectivity options.