Dubai’s index fell 2.7 per cent to 4,370 points as a broad sell-off continued.
The cabinet “accepted” a report by a committee at the Ministry of Electricity and Water on hiking prices of diesel and kerosene more than threefold, state news agency KUNA reported.
Trio of properties in Nanjing, Wuhan and Hainan take group’s Chinese portfolio to eight hotels
The group was convicted of embracing militant ideology, the possession of ammunition in their apartment and firing on security services during a raid on their apartment in Mecca, killing one security officer.
The passenger arrived in Dubai on a plane from Liberia, the ministry said.
Zainab al-Khawaja was accused of insulting King Hamad by tearing up his picture, her lawyer said.
The bank said it made SAR1.66 billion ($442.6 million) in the three months ending September 30, compared with SAR1.71 billion in the same period a year earlier.
Qatar Airways plumps for Gulfstream to meet next-phase long haul needs
The new theme park, to be operated by Merlin, is coming up in Dubai Parks & Resorts.
Oil saw its biggest daily fall in more than three years on Tuesday.
The decline in third-quarter net profit came despite the bank posting a 7.8 per cent increase in its operating revenue.
The group will bring European brands such as Sonia by Sonia Rykiel, Berenice and Essential Antwerp to Dubai.
FGB, majority-owned by Abu Dhabi’s ruling family, signed an agreement with Integrated Financial Group.
Nawras had 2.51 million subscribers as of Sept. 30, up 6.5 per cent from a year ago.
Under the transaction, GEMS will be split into two entities, with the investing group buying a stake in the part of the business focussed on MENA and Asia.
The Note 4, priced at Dhs2,799, will be available from October 16, while the Note Edge will be launched later as a limited edition product.
The company is looking to invest in the GCC’s healthcare and education sector, with a focus on the UAE and Saudi markets.
In February, a Flydubai official said that the firm is looking to raise funds through a bond issue and was considering a sukuk option.
The projects include the upgrade to the country’s international airport, various tourism developments and the expansion of the aluminium smelter at state-owned firm Alba.
Last year a prosecutor said he was seeking to convict Sheikh Nimr al-Nimr for “aiding terrorists” and “waging war on God”, which carry the death penalty.
The new hotels and serviced residences will be launched over the next five years across Dubai, Abu Dhabi, Jeddah and Istanbul.
The offer period for the flotation, in which shares will be priced at Dhs1 each, will run until November 4, the company said in a statement.
Indian low-cost carrier makes second commitment to A320 neo programme
Dubai’s index added 1.2 per cent in a broad rally while Abu Dhabi edged up 0.2 per cent.
The bank made a net profit of OMR9.8 million ($25.5 million) in the three months to Sept. 30, up from OMR8.3 million in the same period of 2013.
The bank made a quarterly profit of OMR40.39 million ($104.9 million) in the three months to September 30, it said in a statement to the Muscat bourse.
The lender made a net profit of OMR3.8 million ($9.87 million) in the three months to September 30, compared with OMR3.5 million in the same period of 2013.
Kuwaiti crude for November was priced at a discount of 50 cents per barrel to Saudi Arab Medium, unchanged from a month ago and the widest in 10 years.
Al Noor has made three acquisitions in the UAE this year, including a cancer centre, and hopes to add further buys in the coming year, vice-chairman Kassem Alom said.
The bank said it made SAR1.08 billion ($280 million) in the three months ending September 30, compared with SAR998 million in the same period of 2013, according to a bourse filing.