rent crude oil dropped into the $46 area in Asian hours on Tuesday, near a six-year low.
Under the deal, both companies will implement a development plan to create a portfolio of power assets in Africa worth over $500 million.
Both Brent and U.S. crude are at their weakest since April 2009 and have fallen for seven straight weeks.
Doha carrier wastes no time in ramping up operations of new widebody aircraft
The bank attributed its increase in net profit to a rise in total operating income, which gained 13.4 per cent.
Dan Smith, head of Integrated Marketing for MEA, Xerox, shares his thoughts on the IT industry in 2014 and takes a look at the year ahead.
The project will process around one billion cubic feet a day (bcf/d) of sour gas into 0.5 bcf/d of usable gas.
Songbird Estates said the 350 pence per share cash offer did not reflect the value of its property of growth potential.
Banque Saudi Fransi made a net profit of SAR851 million ($226.8 million) in Q4 2014, up from SAR274 million in the same period a year earlier.
Saudi Arabia is unwilling to shoulder any output cut unilaterally and any cut has to be a collective one by all OPEC members, sources say.
Australia’s Qantas tops the list, which also includes UAE carriers Emirates and Etihad.
SAFCO did not provide a reason for the profit drop in the Enlgish results statement.
Quoting from Muslim scholars, Sheikh Munajjid argued that to build a snowman was to create an image of a human being, an action considered sinful under Islam.
Local media reported that the corporation is ready for the privatisation process and for listing on the Saudi stock exchange.
Wynce Low was previously head of debt capital markets for HSBC in Malaysia.
The new company, created through the joint venture, will operate under the Engel & Völkers brand, the developer said.
The amount is expected to finance 523 projects over a period of five years, a senior official said.
Used in military planes for decades, ejectable recorders separate from the tail during a crash and float, while emitting a satellite distress signal.
The new restructuring plan involves repaying early an existing $2.92 billion maturity due in 2015.
The chief executive said that Marka was also looking at four asset purchases in the food and beverage sector,
The facility will now be operational for Etihad’s early morning flights, EY103 to New York JFK and EY183 to San Francisco.
The new system is part of efforts by the central bank and the bourse to develop Bahrain’s capital markets and increase their contribution to economic development
The parent-school contract will cover refund and admission policies, school fees, health, safety provision and transportation.
Damac traded at Dhs3.19, up 14 per cent from its London close last Friday.
Analysts at Goldman Sachs lowered their three-month price forecast for Brent to $42 a barrel from $80.
Several regional companies published positive fourth-quarter earnings.
The National Programme for Government Communication will run for seven years and cover health, education and the environment.
In 2014, UAE companies, led by Emirates and Etihad, invested $163 million in shirt sponsorship, finds new report.
Venezuela’s international reserves have deteriorated sharply due to the tumbling oil prices which hit new lows last week below $50 per barrel.
The Abu Dhabi-based group has seen a number of management changes in the last two years.