Industry
Al Khaleej’s supply to Iraq was affected last summer as conflict in the country escalated with IS overrunning Mosul.
DFM’s full-year profit rose 167 per cent to Dhs759.3 million.
The rules clarify policyholders’ rights and setting investment limits for the sector.
A member of Federal National Council is expected to take up the issue of high fuel costs in the UAE in the backdrop of crude prices.
Prices are expected to fall thanks to increased property sales taxes, stricter mortgage rules and a lack of affordability.
The credit card offers users between three to seven per cent goldback on purchases made locally and internationally.
The men were convicted of playing a role in the killings of 16 policemen in the town of Kardasa in August 2013.
At full capacity, Al Reef is expected to refine 3,000 tonnes of sugar a day, and plans to export two thirds of its production.
National Bank of Abu Dhabi will meet investors in Asia and Europe, it said.
The Bahrain-based channel said that programming ceased because of “technical and administrative reasons”.
Gulf Marketing Group, the parent firm of Sun & Sand Sports, said that it will create up to 1,000 jobs across its brands in 2015.
Damac’s 2014 full-year profit was $937 million, up from $641.5 million in 2013, the company said.
The firm is best known in the global space for listing luxury goods brands, such as Gucci and Tiffany & Co, but has been increasingly branching out into other sectors.
The airline said that it transported around 74 per cent of the 19.9 million passengers who travelled through Abu Dhabi International Airport last year.
The company added that the bonus paid to each staff member would not exceed SAR50,000.
The Bahrain-based company made a net income of $45.3 million in the second half of 2014.
The 24-hour Arabic language news channel, based in Bahrain, will have a specific focus on Saudi affairs.
The deal covers the Overseas Private Investment Corporation for its own insurance policy on the exploration projects of Houston-based Apache Corporation.
A security official said another journalist Mohammed Fahmy was expected to be released from Cairo’s Tora prison within days.
Aramco has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs, sources said.
The former monopoly, which operates in eight countries in the MEA, made a net profit of KD33 million in the three months to Dec. 31.
The fall in oil prices and the decision of OPEC to not cut output in 2015 will spur M&As in the oil & gas sector this year.
Al Noor’s confirmation comes after ADX chief said that most local firms listed in the London market had agreed to dual list in Abu Dhabi.
The Dubai benchmark jumped 4.5 per cent to close at 3,840 points, its biggest daily gain in six weeks.
The sugar refinery has 1.5 million tonnes of raw sugar, either stockpiled at the refinery or on its way to the refinery.
Less than half of the shares in the Dhs576 million IPO were taken up by investors for whom they were reserved, a report said.
However, Bahrain’s score fell while the UAE’s rose on the 2015 Index of Economic Freedom, released by Heritage Foundation and Wall Street Journal.
The company, an affiliate of Saudi Basic Industries Corp (SABIC), will shut its olefins plant from Feb. 1 for almost five weeks, it said.
The mega event is expected to welcome 25 million visitors, with the majority of them coming from overseas.
The bourse said the issue had to do with ownership proportions.