Industry
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.
Its original debt deal was signed in 2011 and covered around KD1 billion.
Almost 57 per cent of online shoppers in the UAE made a purchase via a smartphone in the last 12 months, a new study says.
The potential deal is the latest sign of consolidation after the start of merger talks in 2013 between Bank Dhofar and Bank Sohar.
Abu Dhabi Commercial Bank (ADCB) will meet investors in Europe, it said.
Brent crude oil prices slipped below $59 a barrel on Thursday.
Arqaam has offices in five countries in the MEA and offers brokerage, asset management and corporate finance advisory services.
Emirates’ Tim Clark, Qatar Airways Akbar Al Baker and US-UAE Business Council President Danny Sebright are among those who responded to the comments.
Brent oil traded below $59 per barrel as U.S. crude inventories were expected to hit record highs.
The company plans to offer up to 15.8 million new shares representing 15 per cent of its ordinary share capital.
The new senior managers are expected to help the Dhs10 billion project open as scheduled in 2016.
The airline will fly four times per week to Doha, bringing the total number of destinations from its Ras Al Khaimah hub to nine.
Nakilat made a profit of QAR201.6 million in the last quarter of 2014, up from QAR176.5 million a year earlier.
The new projects will be developed by the Wasl Asset Management Group across Dubai.
The firm made a net profit of Dhs512.7 million in the last quarter of 2014, down from Dhs570.3 million in the year-earlier period.
Doha expressed reservation at Egypt’s unilateral decision to carry out air raids in Libya without consultations with other Arab states.
The beta version of the service is currently being tested and is available by invitation.
The estimate suggested the country is hewing tightly to the strategy of protecting market share rather than cutting production to try to inflate prices.
Officials say that ISIL and other militants in Libya can only be defeated with a united government in place that has strong international support.
Sources said the loan would be structured as a revolving credit facility, giving Aramco flexibility to opt when it wants to withdraw cash.
Exports fell by 362,000 barrels per day from 7.296 million bpd in November 2014.
The much-delayed residential project located in Dubailand is set to deliver first 150 villas in Q2 2015.
Banks in the UAE are much stronger than they were during the financial crash of 2008, the chief executive of Dubai’s largest lender said.
All flights had been suspended at Ataturk Airport and Turkish Airlines said it cancelled 200 flights scheduled for Wednesday and Thursday.
Due to the fact that the project is of “national interest”, MSM decided to build it without a partnership, it said.
The professional networking site has over 14 million users in the MENA region at present.
The first shipment is expected to be received by March, according to sources.