Dubai’s only utility also said it would distribute a cash dividend for the year of Dhs500 million to the government.
Almost 44 per cent of the GCC’s private wealth is focused in Saudi Arabia, while the UAE controls around 30 per cent, a new study shows.
Security challenges created by groups such as ISIL are impacting oil investments, which will affect future production, an expert said.
Abrar Khan claimed the airline refused to compensate him after losing his luggage en-route to Dubai.
Analysts said that downward pressure may come from the refined products market in the next quarter.
Salwa Hachem Mahfouz, Co-CEO of Fashion & Beyond, discusses her plans for bringing Brazilian swimwear brand Liquido to the region in the build up to the Dubai launch later this month.
The strikes were aimed at cutting off their main sources of funding, state news agency WAM said.
Around 42 per cent of the completed projects were residential buildings while 16.9 per cent were commercial buildings, a new study shows.
HSBC and National Bank of Abu Dhabi, will each provide $60 million each to Etisalat Misr.
The Gulf state plans to deploy 120 oil and gas rigs by the start of next year, up from 80 rigs now.
Sector-wide profit growth this year is expected to drop to five or six per cent from 22 per cent in 2014.
The UAE’s president and other leaders condemned the killings and affirmed their support to Egypt in rooting out such radical groups.
The former monopoly has now posted rising profits in four of the past six quarters.
The listing followed a demerger of OCI NV’s engineering and construction business from its fertilizer and chemicals business.
The service will begin from June 1, and raise superjumbo capacity between Dubai and Milan.
Two people have died after being affected with MERS over the last two days, prompting fresh health warnings to prevent an outbreak.
The price of Brent crude has increased by more than 30 per cent in the last four weeks.
The facility is divided into two tranches and will be used to refinance existing debts of NMC and to fund its acquisitions.
Omair said the current market surplus was less than 1.8 million barrels per day.
The attack focused on ISIL camps, training sites and weapons storage areas in Libya, where Islamist militants have thrived amid chaos.
The first lululemon athletica store is slated to open in Dubai later this year.
The proposed cash amount, for which no timeframe was given but which is in line with what the company paid for the second half of 2013.
The president said Cairo would choose the “necessary means and timing to avenge the criminal killings”.
The country did not say how many aircraft or what kind were sent.
The Egyptians, dressed in orange jump suits, were beheaded after being forced down on the ground.
Jameel Kadhim was sentenced on charges of making false allegations that undermined national elections.
Antimony trioxide is mostly used as a flame retardant and a catalyst in the production of plastics.
Two civilians died in attacks in Copenhagen on Saturday and five police were wounded.
The former monopoly made a net profit of 26.5 million rials ($68.8 million) in the last quarter of 2014.
Dwekh Nawsha operates alongside Kurdish peshmerga forces to protect Christian villages on the frontline in Nineveh province.