Industry
Oman does not expect to spend more than its budgeted amount this year.
The Canadian manufacturer saw revenues and subscribers fall during the three-month period.
The lender chose Abu Dhabi-based Al Hilal Bank, HSBC, Kuwait’s Liquidity Management House and Standard Chartered.
Three large deliveries from Qatar of super-cooled gas over the last week increased stocks of liquefied natural gas to 6,219 GWh.
Some two million of Yemen’s 25 million citizens work abroad, more than half of them in larger and richer neighbour Saudi Arabia.
Economic growth in Qatar is expected to be more than four per cent this year, driven by the non-hydrocarbon sector.
The SAR1.3 billion issue attracted orders worth SAR2.4 billion from institutional investors inside Saudi Arabia.
GFH Capital is bringing in additional investors to develop the English soccer club.
Despite official safety claims, 43 per cent of the UAE’s residents still say they have never taken part in a fire drill, finds new survey by Honeywell.
The Dubai airline’s long-term strategy “embraces opportunity,” states Emirates president Tim Clark.
Saudi oil minister Ali Al-Naimi said that it “remains to be seen” how much demand will increase.
Gulf Capital owns stake in firms such as healthcare chain Techno Scan and water engineering firm Metito Holdings.
The tandem flight is believed to be the first time two commercial A380s have flown together in formation.
The economy grew 3.4 per cent in full-year 2012, up from 1.9 per cent in 2011.
Emaar’s chief has located Asia as a possible location for a skyscraper to outreach the expected height of Kingdom Tower.
DHCOG posted a net profit of Dhs1.2 billion ($326.71 million) for 2012, compared with profit of Dhs204 million in 2011.
Kuwaiti media said on Sunday that the three were a Pakistani, a Saudi and a stateless man and they would be hanged.
Egypt’s second biggest airport was closed on Sunday after police officers staged a protest on the runway to demand better pay.
Oman Air said its revenues jumped 21 per cent last year on the back of rising traffic through the country’s main airport.
The order did not state how long telcos would be given to comply with the new regulations.
Qatar will face the emergence of Australia as a new power in global LNG, while the US will also challenge its dominance.
The issue was three and a half times oversubscribed with more than 160 orders received from regional and international investors.
Dubai’s bourse fell 0.9 per cent to a fresh two-month low of 1,829 points.
The logistics group made 9.65 million Kuwaiti dinars net profit compared with 3.46 million dinars a year earlier.
The company also said that it’s on track to complete its sukuk refinancing in the second quarter of the year.
The closure will not affect air traffic as the airport has seen a dramatic reduction in flights, said the civil aviation minister.
Growth for the fourth quarter slowed 0.1 per cent from Q3 but still grew 6.6 per cent on the previous year.
Last year’s winner Monterosso, from the Dubai Godolphin stable, was pulled out of the race earlier in the day.
Access to the networking site may be restricted to people who register their identification documents, say reports.
Until now women’s exercise facilities have had to be licensed by the Health Ministry and designated as “health centres”.