Industry
The International Monetary Fund expects Iran’s economy to expand 1.5 per cent in 2014.
Bank liquidity may be affected by oil prices, says HBSC debt-capital markets head for MENA.
The stock market rose in the minutes after the announcement, trading 0.9 per cent higher.
In November, chief executive Abdallah Massaad told Reuters that the company was working to exit its non-core businesses.
Kellogg’s latest bid, for 89.86 Egyptian pounds ($12.57) per share, followed an offer earlier by Abraaj for 88.09 pounds.
A majority of UAE’s non-resident Indians save to support their children and parents, a new study showed.
Iraq’s oil minister Adel Abdul Mahdi did not specify the form of intervention that OPEC should adopt.
The new order will help Kuwait Airways expand its operations through the launch of new routes.
The deal is expected to give Etihad greater access to the fourth largest travel market in Europe.
In a brief statement describing discussions at the board meeting, the central bank did not elaborate on how the study would be conducted.
The Observatory, which monitors Syria’s war with a network of sources, said the pilot was believed to have an Arab nationality.
Dubai’s main index was up 2.2 per cent at 3,802 points with property stocks dominating trade.
One bonus share would be issued for each two shares held, increasing the number of the bank’s outstanding shares to 1.5 billion from 1 billion.
The upgrade will allow the airport to handle wide body aircraft such as the A380 and the Boeing 787.
Egyptian President Abdel Fattah al-Sisi suggested in November he was considering pardoning Greste and two other journalists of Qatar-based Al Jazeera television.
Shares in the company have not traded since July 2012, when they were suspended by the regulator after breaching rules relating to accumulated losses.
Activists say that the death toll since the military campaign was launched in late September was probably higher among the hardline Islamist insurgents.
Average occupancy fell by 0.3 per cent in October compared to the same period last year, a new survey showed.
Qatar Investment Authority’s holding will total 22.8 per cent from purchasing 2.9 per cent of the company, a statement said.
The additional service will increase passenger and cargo capacity to and from Birmingham by 42 per cent, the airline said.
The delegates said they may not see – and some may not even welcome now – a return to $100 per barrel any time soon, a price that was previously considered ideal.
The company originally announced in June that the government had seized a 1.05 million square metre plot in the Al Faisaliah district of Riyadh with a book value of SAR105.3 million.
Dubai’s main index was down 0.4 per cent with trade focusing on real estate developers.
Saudi Arabia will continue spending actively on major strategic projects such as housing, transport and the construction of industrial cities, a newspaper said.
Naimi also said the Saudis might boost output instead to grow their market share and that oil “may not” trade at $100 again.
The boost to the global economy would be between 0.3 and 0.7 percentage points above the Fund’s baseline world growth forecast of 3.8 per cent from October.
More than two million pounds ($3.12 million) will be invested in eight key races at the south of England track, as per the deal.
The country’s current-account surplus will remain the world’s fourth-largest by the end of 2014 even after oil’s decline, economists say.
OPEC met on November 27 and declined to cut production despite a slide in prices, marking a shift in strategy towards defending market share rather than supporting prices.
The study also showed an increase in the time spent viewing content on smartphones and tablets.