Industry
The firm sold off its 100 per cent stake in the hotel to a UAE-based investment firm for $95 million.
After a two-hour closure, all diverted flights have proceeded to Abu Dhabi and delayed outbound flights have begun departing, a statement said.
Dubai’s index fell 0.7 per cent after jumping 2.6 percent on Sunday.
The announcement follows a previous declaration of January 1 being a paid holiday for all employees in the Emirates.
Etihad Airways diverted 15 inbound flights to five other airports in the region including Dubai World Central and Muscat.
The retailer plans to open eight new stores in the Kingdom over the next 24 months, the company’s managing director said.
Greste’s brothers, Mike and Andrew Greste, told reporters in Australia they did not believe their brother would be released before the appeal.
A lawyer who represents al-Wefaq said the charges against him include incitement against the government, calling for its overthrow by by force and inciting the youth to revolt.
The Indonesia AirAsia plane disappeared after its pilot failed to get permission to fly higher to avoid bad weather during a flight from the Indonesian city of Surabaya to Singapore on Sunday.
Deputy chairman Talal Mohamed Reda Yousef Behbehani will take over the position of chairman for the bank.
The sell off is part of the company’s efforts to focus on its core business strategy of tile-making, a statement said.
For the 2015 budget, announced on Thursday, four analysts’ oil price estimates are in a range of $55 to $63.
Airbus A320-200 flights are designed to be used intensively on short routes and are favoured by the low-cost airlines that run such routes.
UAE-based private equity firm Abraaj has been battling Kellogg since last month, when the U.S. group scuppered its deal to snap up Bisco Misr.
Dubai Investments is seeking to profit from a market recovery in the emirate after one of the world’s worst property crashes during the financial crisis in 2008.
An official said that the regulator continues to expect the market to open to foreign investors in the first half of next year, though no specific date has been set.
Rescue aircraft searching for the plane, missing for more than 12 hours, have returned to base, officials said.
Implementation of the deal would depend on approval by related government agencies.
The plant was originally scheduled to start up in the third quarter of 2014, but was delayed due to construction delays.
The proposed figure is marginally higher than the SAR0.64 per share which the bank paid for the corresponding period of 2013.
The acquisition of Retailcorp will give Marka a network of 15 sporting goods outlets across the UAE, a statement said.
China was Dubai’s top non-oil foreign trade partner, followed by India and the US, figures revealed.
Although Russia has invited opposition groups to participate in peace talks it did not specify which groups were invited.
The officials did not specify the nature of violation that occurred during the rally.
At present, the surplus petrodollars of the world’s top oil exporter are mostly invested abroad by its central bank.
A ministry statement said the government could cover the deficit with its huge fiscal reserves, but Alassaf told media that borrowing might also be used.
Alassaf said everybody expected prices to rise eventually but there was a difference over when.
The speed of the urbanisation process has put additional stress on social services and infrastructure in a region already deeply vulnerable to climate change.
While cloud computing is expected to grow in the Middle East and Africa, concerns about security are pushing against that trend.
The International Monetary Fund expects Iran’s economy to expand 1.5 per cent in 2014.