NBAD made a net profit of Dhs1.372 billion ($373 million) in the last quarter of 2014.
The 400,000 bpd refinery, which is currently running at about 60 per cent of capacity, started gasoline output this week.
The company won five golds and a grand prix during the Dubai Lynx awards last year.
Songbird said it still thought the offer undervalued the company but with no rival offer forthcoming it recommended its shareholders to accept the deal.
A source familiar with the matter said that Citigroup had been hired to look into options for Zain’s towers.
The 2015 budget will also provide job opportunities to 1,000 Emiratis, a finance department official said.
The bank’s proposed 2014 dividend is equivalent to $0.03 per share in cash and one free share for every 10 a shareholder owns.
The company sold 74.5 million iPhones in its fiscal first quarter ended Dec. 27.
Drake & Scull Engineering will provide MEP services for an under-construction hotel and apartment complex.
Gunshots were fired at the flydubai flight when it was landing at Baghdad airport on Monday evening.
Two armed gunmen stormed into the five-star Corinthia Hotel and fired at guests before blowing themselves up with a grenade.
Obama cut short a trip to India to fly to Riyadh, and was joined on the four-hour visit by a big delegation.
The cuts are in addition to the 1,000 jobs Sony said it would eliminate in its mobile unit in October, Japan’s Nikkei reported.
The lender will increase its capital to SAR20 billion from retained earnings by issuing two shares for every three shares held.
New regulations being planned by the UAE will ban the use of UAVs near airports, residential areas and other public properties.
Net profit for the three months to the end of December was 8.97 million dinars ($30.4 million), compared to 8.1 million dinars in the year-earlier period.
The company has yet to make a quarterly profit since launching service in 2008.
It would be the third purchase by the privately-owned investment firm in the non-banking financial services sector in recent months.
Obama’s visit comes as Washington struggles with worsening strife in the Middle East and counts Saudi Arabia among its few steady partners in the region.
The Abu Dhabi airline is offering passengers travelling on January 27 and 28 the option to postpone their tickets.
The Dubai carrier is one of the few major airlines that does not hedge its fuel bill by buying future stocks of jet fuel to minimise the effect of price spikes.
US President Barack Obama will fly down to Riyadh on Tuesday to meet Saudi Arabia’s new king.
The Dubai residential bubble has “deflated,” with transaction prices expected to fall up to 10 per cent this year, says JLL.
Authorities have forecast that 79 million passengers will travel through Dubai International Airport in 2015.
The bank reported a net profit of Dhs436 million ($118.7 million) in the last quarter of 2014.
The retail group said that it aims to double the size of its business within the next five years.
Emirates Airlines, flydubai, Air Arabia and Etihad Airways suspended flights on Tuesday, in line with a directive from the UAE’ civil aviation authority.
A stake of between 20 per cent and 40 per cent could be sold, according to three sources with knowledge of the sale.
Tawreeq Holdings developed the concept over the past year and a half, aiming to give smaller firms a funding alternative to bank loans.
An aviation official and a security official told Reuters that two passengers were lightly injured but the airline has denied such reports.