The fund holds stakes in Bahraini companies including Aluminium Bahrain, Gulf Air and Batelco.
Second Pullman hotel in Dubai targets business and leisure travellers in the fast-growing community
The crackdown will be the largest operation ever, conducted by the authorities in Kuwait, an official said.
The ECB’s Executive Board has proposed a programme that would allow it to buy $58 billion of bonds a month starting in March.
Analysts believe GCC governments will be able to use huge financial reserves to keep state spending high.
The Gulf country is expected to see a growth of 3.5 per cent for 2015 and 2016, according to IMF’s latest update.
Sarie Ahmed Arar, currently the executive vice president of wholesale banking, will assume the role of acting CEO.
Safi Qurashi has been ordered to pay Dhs11 million to the property developer for a case relating to the Dubai Waterfront project.
The decrease in oil prices has not had an impact on electricity generation in Dubai, said Saeed Al Tayer.
A Tier 1 capital-boosting bond was its preferred method, the bank said.
Alderman Alan Yarrow will visit Abu Dhabi and Dubai during his trip next week, part of wider 12-day GCC visit.
Air traffic in the GCC is expected to grow by six per cent over the next few years, a top industry official said.
Saudi Arabia’s main index was nearly flat while Egypt’s bourse rose 1.2 per cent.
Hadi said the group had a right to serve in posts in all state institutions, and a draft constitution that has been a source of disagreement was open to amendment.
Badri said, if OPEC had reduced its supply, non-member countries would have increased production, forcing OPEC to implement further cuts.
Although the GCC described the Houthis’ actions as terrorism, they stopped short of promising any measure to counter the group in Sanaa.
The closure of the facility in Ras Al Khair belonging to Ma’aden Phosphate Company will have no significant financial impact.
Economies such as Qatar, Iraq, Libya and Saudi Arabia will be hit hardest by the more than 50 per cent decline in petroleum prices, the IMF said.
Mobily made a net loss of SAR2.28 billion ($607.1 million) in the last quarter of 2014.
The minister said that OPEC’s policy might temporarily force high-cost producers out of the market but they would eventually come back.
The company has yet to make a quarterly profit since launching services in 2008.
The company attributed the fall to losses in financial investments, higher operating expenses and finance charges.
Ali al-Omair also said the Kuwait’s budget for the next fiscal year was expected to be based on an average oil price of $40 to $45.
Abengoa will jointly develop the project with AWT, the commercial arm of King Abdulaziz City of Science & Technology.
Al Mansouri was previously director general of the UAE mGovernment and the deputy director general of the TRA.
Emaar Properties owns 84.6 per cent of EMG, having floated 15.4 per cent of its subsidiary last September.
GDP, adjusted for inflation, grew two per cent from Q4 2013, down from 2.4 per cent in the third quarter.
Houthi leader Abdel-Malek al-Houthi warned President Abd-Rabbu Mansour Hadi that he had to implement a power-sharing deal.
Business confidence was notably down in oil producing countries across the world due to falling crude prices, the survey said.
Renewable energy targets have been revised to 2.3 per cent by 2017 and 15 per cent by 2030.