Industry
The company is looking in all regions and did not specify a minimum price level below which the acquisitions would become uneconomic.
Obama and Sheikh Mohammed bin Zayed al-Nahayan “reaffirmed their mutual commitment to close defense and security cooperation”.
For the first quarter of 2015, Tasnee posted a net loss of SAR332.5 million ($88.7 million).
CBRE Middle East’s MD Nicholas Maclean and head of research Matthew Green, give their insights into the Dubai and Abu Dhabi real estate markets.
Sipchem attributed the increase in quarterly profit to higher production and sales and lower expenses.
Net profit for the three months to March 31 was QAR511 million.
Several members of Saudi Arabia’s forces have been killed since the country began its air strikes.
The developer launched West Yas and Mayan communities on Yas Island while its third project Meera will be located on Reem Island.
The lender made a net profit of QAR420.2 million ($115.4 million) during the first quarter of 2015.
All men who were sentenced were charged with carrying out an attack on a police station in the town of Kerdasa.
Kuwaiti companies generally do not pay taxes on income, although foreign firms pay a levy on commercial activities.
Low oil prices mean Abu Dhabi’s real estate market is expected to be stable to negative this year, with a new rental cap under consideration.
Through the deal, a limited liability company specialised in real estate investment and development in Saudi Arabia will be formed.
The merger will still require approval from the shareholders of both companies, the Capital Market Authority and the Ministry of Commerce and Industry.
The new resorts are planned for Tunisia and Morocco.
An interior ministry spokesperson said that all information has been passed on to the security forces, who are on alert.
Naimi said that oil production in Saudi Arabia, the world’s biggest crude exporter, was “around 10 million” bpd in April.
The company made a net profit of SAR201.74 million ($53.79 million) in the first quarter of 2015.
Tasnee made a net loss of SAR332.5 million ($88.7 million) in the first quarter of 2015.
The agency said that the air strikes hit one of the buildings housing aid supplies in an area held by Houthi rebels.
The company reported a net profit of QAR951 million ($261.2 million) in the first quarter of 2015.
The firm made a net profit of SAR2.50 billion in the first quarter of 2015.
The bank reported a net profit attributable to equity holders of Dhs610.8 million ($166.29 million) in the first quarter of 2015.
The grades found in the fields were both light and heavy oil, with preliminary results showing “huge commercial volumes”, KUNA said.
Savola said it expected a profit of SAR429 million in the second quarter, according to a bourse statement.
Saudi Arabia’s goal is “the invasion of this country, its occupation and placing this country again under its feet and hegemony”, Abdel-Malek al-Houthi said.
IDC said the UAE managed and data centre service market would grow at a CAGR of nearly 20 per cent to 2018.
The investment firm had said last week that it would study whether to continue its stock market listings in London and Kuwait.
The subsidiary of Dubai’s Emaar said profits reached $22.65 million in the first quarter of 2015.
The company made a net profit of QAR222.4 million, it said in a statement.