Industry
The official Saudi news agency said that 13 men had exploited Saudi territory to form a terrorist cell seeking to carry out a terrorist operation against American forces in Qatar and Kuwait.
Saudi Arabia’s largest listed developer plans to spend over SAR1 billion on projects in 2015.
The bank’s chief executive said there were a number of options available to boost its capital reserves but it would choose the cheapest way to boost the ratio at the time it chose to act.
The Bollywood theme park, featuring five movie themed areas, is part of the upcoming Dubai Parks & Resorts project.
Funds raised from the issue would be used for general business purposes, the company said.
Switzerland, Singapore and China were ranked as the top three expat destinations worldwide.
The bank made Dhs676.8 million of net profit attributable to the owners of the bank in the three months to September 30.
The company’s new projects will mostly target mid-income buyers and tenants, CFO Greg Fewer said.
NCB, which is currently undertaking the largest ever IPO in the GCC, made $498.4 million in the three months to September 30.
Emirates NBD and Abu Dhabi Commercial Bank posted strong third quarter results.
Al Worood Academy Private School will be shut down for grave negligence after a four-year pupil died after being left in a school bus.
The lender made a net profit attributable to equity holders of Dhs1.02 billion.
ENBD’s earnings have been given a lift in recent quarters by a resurgence in the Dubai economy.
The private equity firm has been in exclusive talks for months to buy a controlling holding in the restaurant group.
The investment firm aims to write-off of $327.9 million of its losses through a capital reduction.
Currently, around 25 per cent of the firm’s funds come from Asia and the Middle East.
The company made a net profit of SAR232 million ($61.8 million) in the third quarter, up from SAR229 million in the corresponding period of 2013, according to a bourse filing.
The bank said it made a profit of SAR1.28 billion ($341.2 million) in the three months to Sept. 30, up from SAR1.17 billion in the same period a year earlier.
Crude output from their jointly-run offshore Khafji oilfield has been halted temporarily to comply with environmental rules.
Oman needs a relatively high oil price to balance its budget, so its state finances are more vulnerable than most to the drop of Brent crude oil to around $85 a barrel.
This will be the second initial public offering (IPO) in Qatar after a long period.
The moves were part of a gradual tightening of EU sanctions against the government of Syrian President Bashar al-Assad.
King Abdulaziz International Airport in Jeddah was rated the world’s second worst airport by a travel website based on an online poll.
The lender made QAR1.1 billion in the year-to-September 30, compared to QAR1 billion in the year earlier period, a bourse statement said.
Each of the three big IPOs currently in Saudi Fransi’s pipeline is larger than SAR1 billion ($267 million), the company’s chief executive said.
The company’s logistics and freight forwarding businesses, which account for most of its revenue, have been hit by instability in the global economy over the last few years.
EY ranked first in terms of the volume of published material while Deloitte produced almost a third of consulting thought leadership material, a new report finds.
The hackers potentially gained access to passwords, iMessages, photos and contacts, Greatfire.org said.
The distribution centre is also IKEA Group’s first direct investment in the region and is scheduled for completion in September 2015.
Oxy had said in October 2013 that it planned to sell a minority stake in its MENA operations as part of a restructuring programme.