Industry
The new track will connect the existing cycling path at Seih Assalam to Mohammed bin Zayed Road and onwards to Nad Al Sheba.
Combined customer deposits at the two full-fledged Islamic banks and Bank Muscat almost tripled in the year to March.
Saudi Kayan made a net loss of SAR591.6 million ($157.8 million) in the first quarter of 2015.
The listed developer also projected a higher profit forecast for this year and approved a cash dividend worth Dhs1.07 billion.
Jamal Benomar had recently irked Saudi Arabia and other Gulf nations for his handling of so far unsuccessful peace talks between Houthi rebels and Yemeni government.
G3 Global Grain Group, a joint venture of Bunge and Saudi Agricultural and Livestock Investment Co (SALIC), said that it will buy a 50.1 per cent stake in CWB for $201 million.
The QIA, which holds two seats on VW’s 20-member supervisory board that appoints and dismisses executives, has been looking to solve the leadership crisis at Volkswagen.
With most people living off the land and about 90 per cent of Yemen’s water resources used in agriculture, Yemenis are especially vulnerable when conflicts disrupt farm production.
Delta and other U.S. airlines have charged their Gulf competitors with receiving more than $40 billion in subsidies from their home governments.
Emaar Properties expects a 2015 net profit of Dhs3.695 billion, higher than the Dhs3.366 billion average forecast.
The company’s net profit for the three months to March 31 was SAR398.4 million.
The bank attributed its increase in net profit to higher total operating income.
Kuwait Petroleum Corp said at the start of military operations in Yemen led by Saudi Arabia that it had raised security around its oil facilities.
Wasit will be one of the largest gas plants not linked to oil wells ever built by Saudi Aramco.
The Islamic lender made a net profit of QAR400 million in the first quarter of the year.
The airline’s capital spending on aircraft and other aviation equipment pumped in $2.6 billion to the European economy last year while supporting 28,100 jobs.
The bank sold a $1 billion capital-boosting sukuk issue in January.
The fine was imposed because of a nine-hour service interruption last year.
The Dubai index jumped three per cent, hitting a two-month closing high of 3,942 points.
The company had 2.72 million mobile and fixed line subscribers as of March 31, up 12 per cent from a year earlier.
The lender made a net profit of OMR12.6 million in the three months to March 31.
The regulator penalised Deutsche Bank on finding “serious contraventions” in the lender’s Dubai operations.
Over 60 per cent of residents plan to move to a new home before their next lease renewal, finds new survey.
The guards are accused of allegedly sexually assaulting two teenage boys while conducting a security search in Jeddah airport.
Huda al-Lawati was previously a managing director at Abraaj, having joined the firm in 2004 as an analyst.
YouGotAGift.com’s co-founders discuss the inspiration for their gift card business, growth areas and plans to expand to regional and international markets.
The bank made a net profit attributable to shareholders of Dhs816.7 million in the first quarter of 2015.
The total number of workers in the country reached over 4.4 million, according to data from the Ministry of Labour.
The unit’s operational rates were still high and oil product exports will not be affected, an official said.