The deal is eventually expected to lead to a joint venture between the two companies.
The country’s hydrocarbon sector also grew stronger than expected, up three per cent.
The bombings were the first raids on Sanaa since a Saudi-led alliance said last week it was scaling back a campaign against Iranian-allied Houthi militias.
The total included legitimate trade deals in the course of lobbying in the run up to the 2010 vote for the tournament, the UK’s Mail on Sunday said.
Kirdar will replace Abdul-Rahman Salim al-Ateeqi, who will retire as chairman at the end of the current fiscal year on June 30.
The firm said the effect of the work on its financials was unclear and would be announced at a later date.
ISNA said two Iranian cargo planes carrying food and medicine to Yemen had been forced by Saudi jets to leave Yemeni airspace.
Airbus has booked no new airline orders for the jumbo jet since 2013.
Mohammed Abdulrahman Abu Niyan, 23, has confessed to carrying out the shootings on behalf of ISIL.
Samsung has launched six smartwatches since 2013.
The Dubai-based firm could raise between $750 million and $1 billion from the bond.
Saad al-Ajmi, spokesman for the Popular Action Movement (PAM) was reportedly deported.
Saleh said he was ready to reconcile with all parties that have opposed him since 2011 “for the interest of the nation”.
For the price of producing 100 sets of this S6 edge model, Apple can make 121 sets of 64-GB iPhone 6 Plus, calculations show
Gulf Business speaks to Silvio Liedtke, COO, Landmark Leisure.
Top brands such as Prada and LVMH’s Christian Dior still baulk at the idea of selling clothing online.
Most of the raids hit Houthi vehicles and gatherings on battlefields in six central and southern provinces.
Warplanes struck targets in and around the Yemeni cities despite indications from Riyadh that its campaign would be wound down.
Hilton’s new neighbourhood brand targets districts with strong local flavour
The total value of projects awarded in the GCC climbed to above $40 billion in Q1 2015.
Iraq’s three mobile networks were required to float a quarter of their shares by August 2011 as part of their 15-year licences awarded in 2007.
The company is also holding talks with another bank about the possibility of restructuring a further SAR99.6 million of debt.
Mobily, which is under investigation by the bourse regulator, reported a first-quarter loss of SAR199 million ($53 million).
Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh a day earlier that it was ending its campaign of air strikes.
Large scale events such as the upcoming football tournament are more vulnerable to cyber attacks, says expert.
The four-bedroom villa concept includes an array of solar panels that will generate approximately 40,000 KWh per year.
Hours after Saudi Arabia’s announcement of a halt to airstrikes in Yemen, Houthi fighters captured an army brigade base in Taiz.
The third-largest lender by assets in the UAE, made a net profit of Dhs1.42 billion for Q1 2015.
A US government spokesperson acknowledged problems remain in the country.
The bank earned a net attributable profit of SAR452.3 million ($127.1 million) for the three months to March 31.