Industry
The builder announced the proposed rights issue last Tuesday, saying it will use the money to expand its business.
Indian low-cost airline spots budget travel opportunities to Bengaluru and Kozikhode
The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.
Brent crude prices have fallen about 10 per cent since regional equity markets last traded on Thursday.
In October, Vodafone Qatar announced it had reached a non-binding agreement to buy QNBN.
The government plans to introduce hikes to gas prices in 2015.
HSBC Oman, 51 per cent owned by London-listed HSBC, said talks were preliminary and may or may not lead to a sale.
A proposed resolution on a Palestinian state is unlikely to gain the support of veto-wielding council member the US, a key ally of Israel.
Bahrain said participation in the first round was 53 per cent.
The payment brings the amount Egypt has returned to Qatar to $6 billion, leaving $500 million outstanding.
Dubai Parks and Resorts, a unit of Meraas Holding, is selling 40 per cent of its shares.
The UAE, Saudi Arabia and Bahrain agreed at an emergency meeting on Nov. 16 to return their ambassadors to Qatar.
Nearly half of Pakistan’s electricity is generated by gas.
The move will result in a net reduction of Airbus Group’s stake from 46.3 per cent to 42.1 per cent.
Since 1997, the UAE dirham has been fixed at a rate of 3.6725 to $1.
Meetings will take place in London on Dec. 1 and Dubai on Dec. 8.
The Bahraini telecom operator paid $416.2 million for a 96 per cent stake in Umniah in 2006.
Real estate firms in Dubai are developing hotels and hotel apartments as they seek to tap into the rising number of tourists.
Oil prices have fallen by more than a third since June mainly due to increasing production in North America from shale oil.
San Francisco, Milan and Houston are the three destinations that will be served by the jumbo jet in the first week of December.
The dirham is pegged to the dollar at 3.6725 and is trading in the spot market at 3.6730.
Spread across 198 sqm, the Lego certified store is located in the newly opened Yas Mall.
The Egyptian authorities have been negotiating with a number of international energy firms to improve the price which they are paid for gas.
The first Dairy Queen Treat Stores and Grill & Chill restaurants are expected by Q2 2015.
The plant, which is BRF’s largest outside South America, will have production capacity of approximately 70,000 tonnes of food products a year.
Cutting output unilaterally would effectively mean for OPEC, which accounts for a third of global oil output, a further loss of market share to North American shale oil producers.
Apartments in Sharjah continued to see strong demand, with rents rising by 35 per cent in the 12 months to the end of Q3, a new report says.
Kuwait’s stand comes as Gulf OPEC members reached a consensus to not cut output to stem oil price fall.
Al Naimi did not specify if the Gulf countries were in favour of a output cut ahead of a key OPEC meeting on November 27.
A stock market announcement on Nov. 11 said Aabar had become Arabtec’s largest shareholder after hiking its stake to 34.93 per cent through the purchase of shares from Ismaik.