UBS Wealth Management says the short-term outlook for oil remains bleak, but gains are expected in the second half of 2015.
The deal is Investcorp’s second acquisition in Spain after its purchase of ceramics products maker Grupo Esmalglass-Itaca in 2012
Marib has most of Yemen’s oil and gas fields and has long been a battleground between various factions.
The company is looking to expand its presence in Saudi Arabia and the UAE.
Bullets hit a Flydubai plane on Monday evening as it was landing in the Iraqi capital.
ADNOC awarded Total a 10 per cent stake in the main land-based concession for 40 years starting Jan. 1, 2015.
The wheat will be purchased in shipments of 55,000 tonnes, the Kingdom’s state grain buyer said in a statement.
Saudi Arabia and Qatar were the biggest contributors, committing $25 million and $10 million respectively to Gavi Alliance.
Vodafone made a net loss of 68.8 million riyals ($18.9 million) in the last quarter of 2014.
NBO, earlier in January, posted a 29 per cent rise in fourth-quarter net profit, beating estimates.
Georges Chehwane, founder and chairman of Plus Holding, gives his insights into the UAE’s outdoor advertising market and Group Plus Media’s expansion plans.
The bonus shares will be paid out in the proportion of one share for every 20 ordinary shares held, the lender said.
The firm made a net profit of OMR8.3 million ($21.6 million) in the last quarter of 2014.
Mazen Alotaibi was found guilty in Las Vegas in 2013 of kidnapping, burglary, coercion, lewdness on a child and sexual assault on a minor.
Appearing in court, Salman denied all charges and said he had been calling for reforms in Bahrain through legal means.
State news agency KUNA estimated that diesel price reform would save the government around $1 billion a year.
The deal is the first completed by L Capital Asia in the Middle East, a statement said.
The offering by the bank will have a lifespan of between five and seven years.
The bank made a net profit of Dhs1.55 billion ($422 million) for the last quarter of 2014.
The group is planning to open 40 new medical centres as part of its expansion in the region, a senior company official said.
Construction of the villa project has already begun and it is due for completion at the end of 2015.
The lender was one of 10 bidders for the business put up for sale by the U.S. bank in October, a source told Reuters earlier this month.
The company, a consortium headed by Dubai firm Emaar Properties and Saudi investors, is building King Abdullah Economic City, a special economic zone near Jeddah.
Emirates’ superjumbo network in European grows to 13 points
The weekend Abra service will run from Souk Qaryat Al Beri to Eastern Mangroves, with stops at three five-star hotels.
NBAD made a net profit of Dhs1.372 billion ($373 million) in the last quarter of 2014.
The 400,000 bpd refinery, which is currently running at about 60 per cent of capacity, started gasoline output this week.
The company won five golds and a grand prix during the Dubai Lynx awards last year.
Songbird said it still thought the offer undervalued the company but with no rival offer forthcoming it recommended its shareholders to accept the deal.
A source familiar with the matter said that Citigroup had been hired to look into options for Zain’s towers.