The Saudi Arabian Fertilizer Company blamed low urea prices for the drop in profit.
Samba, the Kingdom’s second-largest listed lender by market value, made SAR1.16 billion in the third quarter of the year.
The property firm will now be owned by the Dubai government.
AnchorFree offers a safer way to browse the web, preventing hackers from public WiFi access.
The Saudi lender posted a profit of SAR 656 million for the three months ended 30 September 2012.
The Kingdom’s eighth-largest lender said that it made SAR317 million in the third quarter of the year.
Global firms and large regional names are losing their top talent to Qatari lenders who offer better pay and stability.
The region’s largest ICT event takes place this month from 14-18 October at Dubai’s World Trade Centre.
Demand is reducing because of decreasing consumption in China and uncertainties in Europe, said the World Steel Association.
The Kingdom increased the selling prices for November to Asian buyers in line with widening product cracks.
The two European aerospace giants cancelled their planned merger because of political impasse.
Manchanda had been acting CEO of the Dubai-based developer since June 2011.
BNP Paribas arranged the deal, which will settle on October 16.
Dubai’s biggest annual technology event hopes to welcome over 130,000 visitors.
Emirates Aluminium reportedly picked Goldman Sachs, Citigroup and Abu Dhabi Commercial Bank for the potential bond.
Both Saudi Arabian lenders have seen their operating income rise for the third quarter.
Aramco says gas flow at new Red Sea site is 10 million cubic feet a day and more wells could be drilled.
The UAE’s federal budget deficit reportedly rose to Dhs2.8 billion in January-June, above the government’s original forecast.
The three islands situated on the Strait of Hormuz are causing disagreement over who owns them.
The chairman and CEO of GE says that the power of emerging markets will continue.
Brent crude has fallen from a high for the year of $128 a barrel in March to $112.
GE CEO Jeff Immelt says the firm will cut jobs globally but inject $1 billion into Saudi Arabia.
The central bank introduced caps for loans made to local governments and their entities in April this year.
Dubai and Australia’s flagship airlines are waiting on the results of a competition watchdog’s ruling ahead of their planned alliance.
The Kuwaiti telecoms operator is looking for funding to help boost network capabilities and improve its current services.
NBAD is looking to reap 10 per cent of its operating income from Islamic banking by 2020, up from three per cent currently.
Kingdom Holding sold the plot in Riyadh for $66.6 million.
Firms are eyeing REITs, which are transforming the speculative property market into a stable source of revenue.
The dairy producer’s third quarter revenue rose 27 per cent to SAR2.7 billion.
Abu Dhabi’s flagship airline is looking at more minority stakes to further expand its global reach, says CEO.