Industry
The firm made a net profit of 285.1 million riyals ($76 million) in the first quarter of 2015.
The country has faced the ire of its Gulf allies after refusing to lend military support to Saudi-led military campaign in Yemen.
The bank, an affiliate of HSBC Holdings, said it made SAR1.12 billion in the three months ending March 31.
The bank attributed its increase in net profit to higher total operating income.
State-controlled Petroleum Development Oman plans to invest over $40 billion in its projects by 2019.
Emiratis are the most likely to spend their bonus amounts while Indian expats are most likely to invest their bonus payments in a savings scheme, a new survey says.
The Saudi cabinet also affirmed that the Kingdom is not in competition with shale or other high-cost oil supplies.
The French oil company failed to make commercially attractive discoveries in the block.
The group is the franchise operator of clothing brand Mango and restaurant chains Papa Johns and Burger King in the Gulf.
Delano Dubai, 110-key deluxe hotel apartments, will be a part of a mixed-use resort development The8 in Pam Jumeirah.
Ras Tanura port is a major oil operations centre for Saudi Aramco.
The exchange is still in talks with a local bank about the contract.
A committee to oversee Islamic insurance is set to be established in the UAE by the end of this year to help standardise the sector.
The UAE’s foreign affairs minister had rebuked Pakistan for not participating in the Saudi-led coalition fighting Houthi rebels in Yemen.
The suspension comes as two Iranian teenagers were allegedly assaulted by Saudi security officers during their pilgrimage.
The company’s latest portfolio of projects includes residential properties in Riyadh and Dubai and a commercial tower in Riyadh.
Mubadala GE Capital was set up in 2009 as a 50:50 venture to invest globally in GE Capital-originated commercial finance assets.
Trade has been buoyed by increased ‘bellyhold’ aircraft capacity from Emirates, Qantas and Etihad Airways.
The new African fund will focus on well-managed, mid-market firms in sectors most likely to benefit from demand driven by the rapid expansion of the middle class.
Trading in PetroRabigh was suspended by the Capital Market Authority on Sunday after the company did not commit to listing rules.
Apartment and villa prices in Dubai fell marginally in the first quarter compared to Q4 2014, the report found.
The firm made a profit of 355.7 million riyals in the first quarter of 2015, a statement said.
The company said that one of its subsidiaries will release a contracted rig in May due to the oil price fall.
GFH did not give details of what its review would involve or say when it might be completed.
Milaha said that if the merger is successful, the move would provide better financial returns and strengthen its combined business market position.
The company said that it will use the money raised to help fund its expansion.
The hotel is part of a development that also includes two residential buildings, Drake said in a bourse statement.
For the past two months, the Kingdom had informed some customers that they would receive full contracted volumes, only to trim supply later.
The fund is seeking targets in Europe and the U.S., and select markets in the Far East, across multiple sectors including logistics and industrials.
Local militiamen in Aden said on Saturday they had captured two Iranian military officers advising Houthi rebels.