Industry
Aramex CEO Hussein Hachem said that lower oil prices could translate into a 5 to 10 per cent drop in its 2015 operating costs.
The refinery has started production at the crude unit and a hydrotreater and is currently producing gasoil, jet fuel and naphtha.
The development features 44 retail, restaurant, cafe, and entertainment brands, Meraas said.
The company is offering two 40,000-tonne cargoes for loading in March from Mesaieed.
Assailants on a motorcycle threw flammable materials and then opened fire at the restaurant, state news agency MENA said.
Bapco signed a January to December 2015 term contract with Emirates National Oil Company (ENOC), traders said.
The villas, located in the Heart of Europe project, are being developed by the Kleindienst Group.
The region saw an 11.3 per cent growth in air freight traffic during the month of December, IATA said.
Dana Gas made a net loss of Dhs15 million in the last quarter of 2014.
Jarir posted a 25.5 per cent increase in its fourth-quarter net profit.
The company made a net profit of Dhs89.4 million ($24.3 million) in the last quarter of 2014.
The company made a profit of OMR6.55 million($17.0 million) in the last quarter of 2014.
The company reported annual net profit of QAR6.3 billion for 2014, down 21 per cent from QAR8.01 billion a year earlier.
Jordan hanged two Iraqi jihadists, one a woman, on Wednesday and vowed to intensify military action against ISIL.
Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.
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The shortage of gas cylinders, used for cooking, in Jeddah and nearby cities has pushed up prices to SAR100 in the black market from SAR15.
His message offered condolences to the Jordanian people and King Abdullah of Jordan.
The deal is a first in the region for TPG, which manages about $65 billion of capital according to its website.
The officials said the UAE had suspended its participation in the air campaign because of concern for pilots’ safety.
Greste was released on Sunday after 400 days in a Cairo jail and had been in Cyprus since.
The GCC’s retail growth will be supported with the opening of new malls across the region, writes Sethi.
Investor orders grew to over $1 billion, the leads said.
On Feb. 6, the 400,000 barrels per day refinery will load a 60,000 tonne cargo of gasoline on the Serengeti.
The private developer is looking to open offices in London, Singapore, Riyadh, Doha and Kuwait City by July 2015.
The bank’s retail lending growth is expected to slow to 25 per cent in 2015 from 36 per cent last year.
Saudi Arabia, Kuwait and the UAE gave Egypt more than $12 billion in aid after former President Mohamed Mursi was toppled in 2013.
The bank has not seen a major drop in lending approval rates since the establishment of the Credit Bureau, says Peter England.
Kingdom’s stake decreased from approximately 6.6 per cent ownership to roughly one per cent ownership.
The hotel will have close to 300 rooms and is slated for completion in 2017.