The offer from a US firm comprised $2.4 billion in cash and a further $800 million subject to certain conditions.
The company is also building a factory in Dubai to keep pace with its growth plans in the region.
Emicool, a venture between Dubai Investments and Union Properties, plans to expand into Saudi and Qatar in coming years.
Hand-over of the first offices to customers in Emaar Square, a commercial development in Jeddah, is scheduled for 2016.
The tribunal ruled a 25-year contract for National Iranian Oil Co (NIOC) to supply gas to Crescent was valid and binding on both parties.
Agility made a net profit of KD12.9 million ($45.54 million) in the three months to June 30.
The disruption will cause PetroRabigh’s third-quarter profit to fall by nearly SAR30 million ($8 million), the company said.
The plane crashed into the Azad residential block on Mina 6 Boulevard due to an engine shutdown, Iran’s official news agency reported.
Etihad’s flights to Basra and Baghdad will continue to operate as normal, the carrier said.
The company made a profit of Dhs25.88 million ($7.05 million) in the three months to June 30.
Etihad has set out its “roadmap” to return the troubled Italian carrier to profit by 2017.
Del Torchio, previously the CEO of motorcycle maker Ducati, was recruited last year to help bring the struggling flagship carrier back to profit.
The airline said its second quarter net profit amounted to Dhs173 million ($47.1 million), up from Dhs76 million in the corresponding period in 2013.
The Taqa-operated plant is expected to initially produce approximately 30,000 barrels of oil per day (bpd) with first oil expected by early 2015.
In addition to Etihad’s investment, which will pay for a 49 per cent stake in the Italian carrier, shareholders also agreed to a 300 million euro capital hike.
Bahrain has forbidden Sheikh Kamel al-Hashemi, Adel al-Hamad and Mohammed al-Mansi to preach in and around the capital Manama.
Organization of the Petroleum Exporting Countries (OPEC) trimmed its projection for growth in global demand this year citing weaker-than-expected U.S. demand.
The sale, which is not expected to complete until next year, continues IHG’s strategy of selling on its hotels and then managing them under contract.
Bahrain News Agency quoted a senior official as saying that Qatar had “targeted specific families and singled out a particular category of people” with no consideration to Bahraini laws.
Emirates was the chief noisemaker at the recently concluded Farnborough International Airshow, confirming its ambition to be a long haul leader.
Islamic finance has developed alternative inter-bank tools, but higher interest rates are expected to boost murabaha trading, luring back western borrowers looking for cheap finance.
The Z3 is the latest in the line of devices using that OS and looks like a phone that can replicate the mid- segment success BlackBerry had with the Curve 8520.
The deal foresees Etihad taking a 49 per cent stake in Alitalia and investing 1.2 billion euros ($1.6 billion) in the airline over the next three years.
The Dubai-based carrier will add a second daily service to Morocco from September.
The company said that it would shortly make an initial payment to creditors of approximately Dhs2 billion ($545 million), with the remaining debt to be paid over a 12- year period.
The growth in passenger traffic was mainly due to the temporary shift of almost 600 flights from Dubai International during the runway upgrade project.
World Health Organization (WHO) experts are discussing whether to classify the Ebola outbreak as an international public health emergency.
Efforts to turn the ceasefire into a lasting truce could prove difficult.
Infrastructure project awards across the GCC are forecast to exceed $86 billion in 2014, up 77.8 per cent over 2013, a new report says.
The bidding process for the 2024 games is expected to begin in 2015, and the winning city will be revealed in 2017.