Industry
Lower oil prices had only a minor impact on UAE credit conditions, with no effect on demand for business loans or credit standards, a new survey shows.
Brent crude hit a new 2015 high of $66.93 per barrel on Thursday before easing slightly on Friday.
Villas range from three to six bedroom units with prices starting at Dhs1.7 million.
Currently, a fixing is scheduled for every day other than Friday.
Al Waha Petrochemical had closed its propylene and polypropylene plant in Jubail for 30 days from April 1.
Net profit in the three months to March 31 was KD12 million.
The mixed use project, in Dubai, is scheduled to be completed by 2016.
The contract has been awarded to build the bridges linking the project to the mainland.
The investment will produce an average semi-annual cash return of 12 per cent, GFH said.
The United Nations says the conflict in Yemen has killed 600 people, wounded 2,200 and displaced 100,000 since September.
On Wednesday, Saudi King Salman appointed Saudi Aramco’s CEO as chairman of the state oil firm and health minister.
Private Gharbi Rajah al-Hassan al-Mujaishi was patrolling on Thursday morning in the Hareth sector in Jizan province when he was killed.
the central bank did not elaborate on why it took the action against Future Bank and Iran Insurance Co.
A number of Saudi insurance firms have been loss-making for years because of severe competition in the market.
RBS, 79 per cent owned by the British government, is shrinking its corporate and institutional banking business in the Middle East.
King Salman named his nephew Mohammed bin Nayef, 55, and his son Mohammed bin Salman, 30, as his heirs on Wednesday.
Alessio Ruffoni explains why he is bringing Milan’s Al Grissino dining concept to Dubai, and potential plans for Abu Dhabi.
Qatar had agreed to buy 24 Dassault Aviation-built Rafale fighter jets in a deal worth 6.3 billion euros.
The loan consisted of three portions lasting between five and seven years.
The timing for the listing would be dependent on approval from Kuwait’s Capital Markets Authority.
The developer is offering 1.3 million sq ft of new shop and showroom space in its mixed use development.
The office opening is part of the fund’s strategy to shift its focus from Europe to Asia and the US.
The majority of UAE residents want to leave behind an inheritance but only a fraction are confident of doing so, a new survey says.
Grant Gillon has been appointed the acting chief financial officer of TAQA.
Any deal would require the approval of the board of directors, the shareholders and the regulators, United Finance said in a statement.
Two of the airline’s three daily flights to London will now be operated by the jumbo jet.
The deal is reportedly for 24 Dassault Aviation-built Rafale planes with an option for 12 more.
The emirate’s tourism promotion agency said that it has outlined a clear plan to attract tourists and improve their experience.
The deal for the leasing of three Bombardier Q400 NextGen planes is worth $94 million at list prices.
Omantel said its first-quarter net profit was impacted by losses at subsidiaries.