Increased revenues from its African subsidiaries helped the company post a strong profit.
Brent futures dropped below $60 a barrel and U.S. contracts hovered around $50.30.
The development features 479 residences and is located within Dubai Hills Estate.
The move is seen as mostly benefiting Zain Saudi, the smallest of the Kingdom’s three mobile network operators.
No purchase price or stake size was disclosed.
Dubai’s stock index fell 0.8 per cent as most stocks declined.
The sale would be in accordance with Basel III banking rules and the final amount and currency of the offering would be decided by the board at a later date.
The UAE has an extremely low home insurance penetration rate with just six per cent of the population insured against emergencies, experts say.
Carter’s meeting at a U.S. Army camp in Kuwait comes against the backdrop of a fierce debate inside the United States about the U.S. strategy.
The attack come two days after the group claimed responsibility for a double suicide bombing that killed more than 40 people in the eastern town of Qubbah.
The former army chief dedicated a major portion of his speech to financial patrons UAE, Saudi Arabia and Kuwait.
The state-owned company might use some of the proceeds from a $1.5 billion long-term loan for its expansion plans.
About 12,000 apartments and over 2,000 villas will be added to the city’s existing inventory in 2015, Asteco said.
The bank’s net attributable profit for the last quarter of 2014 was $106.2 million.
The bank made a net attributable profit of $36 million for the last quarter of 2014.
Regional governments should ditch existing, outdated roadmaps for installing solar, says expert.
The project will involve building processing facilities, wellheads and pipelines for gas in Turaif.
Ihab Hinnawi had been chief executive of Jordan’s Umniah, an operator which is 96 per cent owned by Batelco.
Sheikh Hamdan is now the second most followed leader in the UAE on Twitter after Dubai’s Ruler Sheikh Mohammed bin Rashid Al Maktoum.
Ma’aden shut the facility in Ras Al Khair from January 23 for about 30 days.
The grouping will evaluate projects in the Turkish region including the development of lignite power plants.
The contract involves providing management consultancy services for all elevated and at-grade sections of the metro project.
If Brent crude stays at its current level of around $60 a barrel in the coming year, some believe Kuwait could run a budget deficit.
Net profit in the three months to Dec. 31 was KD14.3 million.
The projects include upgrading liquefied gas and refinery facilities for national oil firm Saudi Aramco, the company said.
The blaze gutted the two-storey building, which contained seven shops on the ground floor.
The virus has infected close to a thousand people, killing some 360 of them – the vast majority in Saudi Arabia.
Target markets include Ghana, Mozambique, Angola and Nigeria, as they are benefiting from blossoming oil and gas sectors.
Sources said the deal could close by the end of the first quarter.
An industry veteran gives his insights into the little discussed aviation leasing market.