The decline in the number of tourists, especially from Russia, has pushed down the revenue per available room across the hotels in the Middle East.
The state-backed King Abdulaziz City for Science and Technology said it had signed an agreement with Antonov to produce the AN-32 aircraft.
Capital raised from the IPO will be used to expand the company’s waste management and mass accommodation services for workers on construction projects.
The firm said first quarter sales rose 13 per cent year-on-year to BD206.6 million.
US Secretary of State John Kerry, who is visiting Riyadh, welcomed the proposal.
Officials from the European Union and the UAE signed the final agreement, validating visa free travel for Emiratis to the EU region.
The opening of Aloft, Studio M and Millennium will see the addition of around 1,300 new hotel rooms.
Saudi consumer prices rose two per cent from a year earlier in March.
US Secretary of State John Kerry began negotiations in Riyadh on Thursday to pause the campaign of airstrikes launched by a Saudi-led coalition on March 26.
Final opinion polls showed PM David Cameron’s Conservatives and Ed Miliband’s opposition Labour Party almost in a dead heat.
The index identifies New York, London, Singapore, Paris and Hong Kong as the top five performing cities globally.
Prime house prices in Dubai fell 1.1 per cent year-on-year in Q1 2015 while showing a 1.9 per quarter-on-quarter decline.
The airline’s Chairman and CEO Sheikh Ahmed bin Saeed al-Maktoum said lower oil prices had saved Emirates around Dhs2 billion during the financial year.
In total, shares worth OMR53.28 million were bid for under the capital increase, which saw 228.8 million new shares sold to investors.
Kuwait has signed a formal letter stating its firm plans to buy newer-model Boeing jets, sources said.
It did not provide any details such as a timeline or a potential sale price of the unit.
Jadwa, Saudi’s largest private investment firm, expects inflows to reach between $40 billion and $50 billion in the medium to long term.
Saudi Ground Services Co, a unit of national carrier Saudi Arabian Airlines, plans to sell 30 per cent of its shares.
Tabreed said the bond buyback will be financed through a new loan it secured during a debt refinancing last year.
One shell landed near security forces patrolling near the prison in Najran, killing an officer, while another killed four Saudi civilians.
U.S. Secretary of State John Kerry said the United States was deeply concerned with the worsening humanitarian conditions in Yemen.
The unmanned probe, named Hope, will collect data that will help scientists learn about the atmosphere in Mars.
The group’s mid-market brands represent nearly 50 per cent of the company’s pipeline in the region.
The airline chief said that Indigo would be Qatar Airways’ preferred choice if it wanted to invest in India.
Qatar’s existing 25-year exploration and production-sharing agreement with Maersk Oil of Denmark expires in 2017.
Partnerships with governments have helped the company boost card numbers in the region, a senior official said.
Last month, the state-owned firm said that its net loss for the first quarter of the year more than doubled, to 1.94 billion riyals ($517 million).
The Trans Anatolian Pipeline (TANAP) will carry carrying 16 billion cubic metres (bcm) of gas a year from Azerbaijan’s Shah Deniz II field in the Caspian Sea to European markets.
The senior official did not completely rule out the idea of a takeover saying there are “constantly deals in our industry”.
Both individuals are traders of CME Group Inc’s gold and silver futures contracts on its Comex exchange in New York.