The bank reported a net profit attributable to equity holders of Dhs610.8 million ($166.29 million) in the first quarter of 2015.
The grades found in the fields were both light and heavy oil, with preliminary results showing “huge commercial volumes”, KUNA said.
Savola said it expected a profit of SAR429 million in the second quarter, according to a bourse statement.
Saudi Arabia’s goal is “the invasion of this country, its occupation and placing this country again under its feet and hegemony”, Abdel-Malek al-Houthi said.
IDC said the UAE managed and data centre service market would grow at a CAGR of nearly 20 per cent to 2018.
The investment firm had said last week that it would study whether to continue its stock market listings in London and Kuwait.
The subsidiary of Dubai’s Emaar said profits reached $22.65 million in the first quarter of 2015.
The company made a net profit of QAR222.4 million, it said in a statement.
The newly launched Maple community will feature 118 townhouses with three, four and five bedroom units.
SABIC has previously said scarce gas supplies at home have forced it to look at investment opportunies abroad.
The changes include a provision saying no company has the right to halt trading in its shares before or during an annual general meeting or during a transaction.
Etisalat made net profit of Dhs2.18 billion ($593.6 million) in the first quarter of 2015.
The lender made a profit of Dhs651 million in the first quarter of 2015.
The departures, revealed via a filing last week, come following a turbulent year for the construction company.
The extension will expand DWTC’s multipurpose indoor capacity to over 122,000 square metres and add a 300-vehicle car park.
SABIC’s acting CEO Yousef Abdullah al-Benyan said the idea was still at an early stage.
SABIC CEO Benyan said the fall in oil and petrochemical product prices was “out of control”, but said his company was well placed to deliver returns.
Lloyd’s will target Saudi Arabia and the United Arab Emirates to gain a foothold in Islamic insurance market.
The firm made SAR205.4 million in the first quarter of 2015, it said in a bourse statement.
Nakheel’s chairman reveals how he revived the company’s fortunes, and why he is confident Dubai’s property market will not crash again.
The new Mohammed bin Rashid Space Centre will conduct outer space research and help build the UAE’s capabilities in outer space exploration.
Mousawat said the slight drop in quarterly profit was due to a net loss from a Riyadh hospital it opened in November 2014.
SABIC made a net profit of SAR3.93 billion in the first quarter, down from SAR6.44 billion in the year-earlier period.
Obama and King Salman also reportedly agreed that a negotiated political solution was necessary to achieving lasting stability in Yemen.
A proposal to reintroduce quotas would spark a fierce debate in OPEC as national prestige and market share are at stake.
The summit will be an opportunity for Obama to discuss concerns about the deal reached with Iran and the military campaign in Yemen by the Gulf countries.
Emirates has said it would look at placing an order for up to 200 of the so-called A380neo jets should Airbus go ahead with the update.
The Mercedes driver lapped the Sakhir circuit with a best time of one minute 34.599 seconds.
The cargo would be for May delivery, traders said.
The contract includes a long-term “Totalcare” package, which means Rolls-Royce will also provide service and maintenance to Emirates for the Trent 900 engines.