Industry
The desert resort ranked eighth among the world’s top 25 hotels as decided by TripAdvisor’s annual Travellers’ Choice awards.
The consortium, led by Canada-based CPCS Transcom International Limited, will start the study this month.
Sultan bin Saeed al-Mansouri, speaking with Brent crude at about $48 per barrel, did not elaborate on why he expected the recovery.
Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.
Brent crude traded just above $48 per barrel as Greece’s election results put pressure on oil and global equities.
In a statement, MAS said the website was not hacked, but that users were redirected to a hacker website.
The maintenance is not expected to have any effect on the local market, ORPIC’s CEO said.
The state-run utility made a profit of QAR360.5 million ($99 million) in the three months to Dec. 31.
President Abd-Rabbu Mansour Hadi resigned on Thursday after Houthi fighters crushed his presidential guards and deployed outside his home.
Protesters marked the anniversary of the 2011 uprising that toppled Hosni Mubarak.
Global financial markets reacted to the Greek election on Monday with the euro dropping to near an 11-year low against the dollar.
The exchange’s previous acting chairman was Hussein Ali al-Abdullah, an executive director of the Qatar Investment Authority.
Emirates has been studying the impact of lower oil prices since November and is likely to introduce new prices in April.
As per the deal, MAF Fashion will be the wholesale and retail distributor for the brand in the Middle East and will work towards opening more stores in the region.
Members of Germany’s national security council declined to approve arms export to Saudi Arabia or deferred their decision until further notice, German newspaper Bild am Sonntag said.
The bank made a net profit of Dhs409.6 million in the last quarter of 2014, it said in a statement.
Shopping malls recorded an 18 per cent increase in footfall during the first two weeks of the event compared to last year, according to the organisers of the festival.
The bank made a net profit of Dhs1.02 billion ($277.7 million) in the fourth quarter of 2014, it said in a statement.
DIB’s net interest margin would stay at around 3.6 per cent in 2015, the bank’s chief executive said.
Qaradawi’s outspoken support for the Islamist movement has previously contributed to a diplomatic rift between Qatar and its Gulf Arab allies and Egypt.
The first retail and dining concept store is set to open in Abu Dhabi’s Yas Mall in May, with plans also lined up for Dubai.
Home prices in Dubai rose 15 per cent in 2014, with the last quarter seeing sluggish growth, a new report says.
The company’s 2014 annual profit was Dhs281.9 million, up 82 per cent compared to 2013, it said.
The bank’s net profit for 2014 was Dhs2.8 billion.
Prince Saud Al-Faisal is undergoing physiotherapy following the surgery, the official Saudi Press Agency announced.
Japanese Prime Minister Shinzo Abe called the apparent killing of Haruna Yukawa “outrageous and impermissible.”
Gulf Technical Construction Co will provide civil, architectural and MEP services for a high-rise residential tower in Dubai.
The markets of Saudi Arabia, Kuwait, Oman and Bahrain are closed on Sunday because of King Abdullah’s death.
Russia’s PM Dmitry Medvedev, UK’s PM David Cameron and French President Francois Hollande are also visiting Saudi to offer condolences.
Officials said that the drones were flown for recreational purpose by members of the public.