The law reduces the minimum “free float” of shares in company flotations on the UAE’s two main stock markets to 30 per cent from 55 per cent.
Brent crude oil futures reversed early losses to rally to $55.50 barrel.
There was no impact on production of diammonium phosphate, a fertiliser for which ammonia is a feedstock, Ma’aden said.
The move is expected to increase flexibility among visitors and ease access to the country, officials said.
The portfolio of loans was mostly to large United Arab Emirates-based companies.
The UAE is building an LNG import facility in Fujairah, known as EmiratesLNG, with a capacity of nine million tonnes a year.
The emirate recorded rental growth of 8.1 per cent last year, found Knight Frank’s global index.
Full year revenue rose 31 per cent to KD238.97 million in 2014, while operating costs increased eight per cent to KD126.26 million.
The new firm will provide wireline and mechanical intervention services for oil and gas wells.
The airline will begin increased services to Jakarta and Bali from July 5 and July 16 respectively.
The one-week wakala contracts will allow the banks to deposit excess funds with the central bank.
V. Shankar has resigned as CEO of Europe, Middle East, Africa and Americas after 13 years at the bank.
The lender has set price guidance for the bond, which will boost its Tier 1 — or core — capital, at 5.875 per cent on Wednesday.
The residential project will feature 99 four-bedroom villas priced from Dhs7.7 million onwards.
Hamad al-Humaidhi has been appointed the new chairman of Ahli United Bank.
The bank currently holds 86.5 per cent of Tamweel.
The company lost Dhs3.63 billion in the fourth quarter of 2014.
An onboard warning system in cockpits alerted the pilots of an impending collision, averting a major accident.
Shareholders of Doha Bank, Qatar’s fifth-largest lender by assets, approved the purchase in December 2014.
Sam Deeb, the group’s CFO, was appointed in January 2014.
The move came as Yemen’s own national carrier, Yemenia, confirmed it was suspending all operations.
Obama directed the release of 12 Lockheed Martin F-16 aircraft, 20 Boeing Harpoon missiles, and up to 125 M1A1 Abrams tank kits to Egypt.
The metro would be 149 kilometres long with 20 kilometres of the line laid out underground, an official said.
Under a public-private partnership arrangement lasting 27 years, water will be taken from the Nyabarongo River and treated for use in the capital Kigali.
Testing of the plant’s performance will take between three and six months, the company said.
Six days of air strikes have targeted Houthi-held military hardware but have so far failed to eject the militia from cities it holds.
W Motors, makers of the Lykan supercar, confirmed that work on the facility was progressing well.
The move by the Abu Dhabi state-owned investment fund casts doubt on whether this key part of the emirate’s infrastructure plans will go ahead.
OPEC supply has risen in March to 30.63 million barrels per day (bpd) from a revised 30.07 million bpd in February, according to the survey.
A legal team has been assigned to build a framework by May this year for the eventual introduction of VAT in the region.