Luxury operator’s resort, its second property in the UAE capital, set to open on Saadiyat Island
The deal, worth $9.5 million, marks Julphar’s entry into Bangladesh and is part of its expansion in Asia.
The Dubai-based bank is marketing the Australian dollar- denominated seven-year notes to yield about 225 basis points above the swap rate, a document from leads showed.
Diamond prices weakened late last year, partly due to the closure of Antwerp Diamond Bank in October squeezing liquidity for manufacturers.
Standard & Poor’s lowered its sovereign credit ratings on Bahrain and Oman, while lowering its outlook on Saudi Arabia.
The UAE had earlier suspended flights as part of the U.S.-led coalition conducting air strikes against ISIL.
Credit agency RAM Ratings assigned preliminary ratings of AAA and AA1 to the proposed senior and subordinated sukuk.
Oil revenues currently contribute 30 per cent to the UAE’s overall GDP.
The company made a net profit of BHD34.6 million in the three months to December 31, up from BHD13.7 million in the prior-year period, it said in an emailed statement.
Bahrain’s statement was the first official comment since the new Alarab channel was shut down.
High fiscal reserves in the GCC act as a strong buffer from global food price fluctuations, an expert said.
Islah and the smaller Nasserist Organisation, quit Monday’s talks saying they had been threatened by a Houthi representative.
In a monthly report, OPEC forecast demand for the group’s oil will average 29.21 million barrels per day (bpd) in 2015, up 430,000 bpd from its previous figure.
Barclays Bank and HSBC will act as coordinators for the loan.
The country has diversified into sectors such as clean energy and industry, said Sheikh Mohamed Bin Zayed.
BP and Shell were asked to raise their signing bonus, a source told Reuters, in line with France’s Total, which has already renewed its concession.
The expansion plans come after a group led by Dubai’s Fajr Capital took a “significant minority stake” in the firm late last year.
S-Oil said will supply up to 14 million barrels of diesel, including ultra-low-sulphur diesel and low-sulphur diesel, and up to 14 million barrels of light naphtha to Saudi Aramco.
Fahad al-Mubarak gave no indication that the government actually planned concrete action.
Schwab advised governments to focus on developing skill sets and creating more public/private partnerships.
Okandan, who is also CFO of Mobily’s biggest shareholder, UAE-based Etisalat, took temporary charge in late November.
The bank announced the plan on Monday after reporting full-year net profit of SAR826 million, up 10.1 per cent.
Damac reported a fourth-quarter net profit of $249.8 million, up 11 per cent from the year-ago period.
KFH’s net profit for the three months to the end of December was KD36.4 million ($123.2 million).
Mohamed Fahmy and Baher Mohamed were sentenced to seven and 10 years in jail respectively last year.
Muslim clerics also condemned the burning to death of the pilot, Mouath al-Kasaesbeh, saying such a form of killing was considered despicable by Islam.
In November, the project’s tender committee said a consortium of Kharafi National and Turkey’s Limak Holding had submitted the lowest bid for the contract.
The airline carried 6.5 million passengers in 2014, almost double the 3.3 million which it carried in 2013.
Charles embarked on a six-day tour of the Middle East this weekend.
ISIL fighters have brought large areas in Syria and Iraq under their control.