The firm made a net profit of Dhs95.86 million ($26.1 million) in the three months ending Sept. 30, up from Dhs75.11 million in the year-earlier period, it said in a statement.
Saudi produced 9.70 million barrels of crude oil per day in September, but its supply to the market fell to 9.36 million bpd during the month.
The service, which will initially operate thrice a week, will be upgraded to a daily service in 2015 owing to strong demand, the company said.
Patrick Gordon will replace Shane O’Hare, who served as the CEO of the private charter company since 2007.
Major infrastructure projects planned in Saudi will require raising annual capital expenditure above the levels of SAR150 to SAR250 million seen in past years, Khodari said.
Manazel Real Estate has launched 860 two and three-bedroom villas in the new Al Reef development.
SABIC and Shell first announced plans to explore an expansion of their petrochemical plant in 2012.
The airline registered a 10.8 per cent growth in passengers in the third quarter compared to Q3 last year.
The Kuwait Investment Authority said it would offer its stake in the firm to the public in the first half of 2015.
The firm is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy.
Al Tayyar said quarterly sales rose 22 per cent year-on-year.
The Kuwait Investment Authority (KIA) is planning to offer its stake in Kuwait Investment Co in the first half of 2015.
New Dhs500 million runway enables airport to target more premium travellers flying on widebody aircraft
Ooredoo Kuwait has slipped to third in terms of mobile subscribers in its domestic market.
The man, coming from Liberia, was transiting at Dubai and was suspected of having the virus after suffering from diarrhea.
eyaar, one of the companies worst hit by Dubai’s property market collapse in 2009-2010, made a quarterly profit of Dhs78.5 million.
DIC has been selling down its portfolio of assets to service its debt, most recently selling German packaging company Mauser for $1.72 billion.
Under the contract, the first phase of an expansion of the master gas system, SEPCO will install two booster gas compressor stations.
Yas Mall, developed by Aldar, is set to open in November and will feature over 370 retail and F&B brands.
Waha, which has a stake in New York-listed AerCap Holdings, had assets totalling Dhs6.5 billion ($1.8 billion) in June this year.
Failure to resolve the GCC’s air traffic congestion problems will negatively impact Dubai’s aviation dependent economy, says the air traffic manager.
The official Saudi news agency said that 13 men had exploited Saudi territory to form a terrorist cell seeking to carry out a terrorist operation against American forces in Qatar and Kuwait.
Saudi Arabia’s largest listed developer plans to spend over SAR1 billion on projects in 2015.
The bank’s chief executive said there were a number of options available to boost its capital reserves but it would choose the cheapest way to boost the ratio at the time it chose to act.
The Bollywood theme park, featuring five movie themed areas, is part of the upcoming Dubai Parks & Resorts project.
Funds raised from the issue would be used for general business purposes, the company said.
Switzerland, Singapore and China were ranked as the top three expat destinations worldwide.
The bank made Dhs676.8 million of net profit attributable to the owners of the bank in the three months to September 30.
The company’s new projects will mostly target mid-income buyers and tenants, CFO Greg Fewer said.
NCB, which is currently undertaking the largest ever IPO in the GCC, made $498.4 million in the three months to September 30.