UAE nationals can now travel to 104 countries, pushing the country’s ranking on Arton Capital’s Passport Index to 31.
The bank’s board has approved the issuance of a Tier 2 instrument worth up to $900 million and a $300 million Tier 1 capital increase.
Subscription for the initial public offering, which is open to both local and international investors, will run until June 8.
The summit coincides with the start of a five-day humanitarian truce in Yemen.
Once completed in 2018, the $1.2 billion Kingdom Tower will be over one kilometre high.
With the new structure, the company said it will be focusing more on Duqm and managing its international assets.
The airline carried 1.8 million passengers in the first quarter of 2015, up 10 per cent year-on-year.
The bank made a net profit attributable to equity holders of $40 million in the three months ending March 31.
Flight EY650, an Airbus A321, was carrying 128 passengers and seven crew from Cairo to Abu Dhabi.
The theme park operator also said that it spent almost Dhs3 billion on the project in Q1 2015.
The Nareel development, designed for Emiratis, consists of two islands comprising 148 villa plots.
Steve Bertamini has been appointed chief executive effective from May 18, the lender said in a bourse statement.
The contract for the project will be awarded on January 28, 2016, a senior RTA official said.
Policeman Maged al-Ghamdy was patrolling the area at 7:30 p.m. local time when he was shot from an unidentified car, the official news agency said.
Both leaders will “build on their close consultations on a wide range of regional and bilateral issues,” White House spokesman said.
The rapprochement between two of the Middle East’s biggest powers already appears to be paying dividends in Syria.
So far, MSCI only had provisional indexes covering the $570 billion Saudi stock market, which is set to open to foreign investors in June.
Scores of civilians were reportedly killed and thousands forced to flee their homes after the coalition declared the entire governorate a military target.
Dto Gulf airlines really get unfair assistance from their governments, or are US carriers looking to stifle the competition?
Figures from Asia’s top three importers show that the Kingdom is more or less holding its ground in market share, writes Reuters’ columnist Clyde Russell.
The emirate’s real estate is expected to stabilise this year, but the negative impact of lower oil prices could be felt in the longer term.
Many barriers such as strict foreign ownership limits, rules for settling traders and its long way into MSCI index are some of the factors curbing a flood of foreign money.
The state-backed King Abdulaziz City for Science and Technology said it had signed an agreement with Antonov to produce the AN-32 aircraft.
Capital raised from the IPO will be used to expand the company’s waste management and mass accommodation services for workers on construction projects.
The firm said first quarter sales rose 13 per cent year-on-year to BD206.6 million.
US Secretary of State John Kerry, who is visiting Riyadh, welcomed the proposal.
Officials from the European Union and the UAE signed the final agreement, validating visa free travel for Emiratis to the EU region.
The opening of Aloft, Studio M and Millennium will see the addition of around 1,300 new hotel rooms.
Saudi consumer prices rose two per cent from a year earlier in March.
US Secretary of State John Kerry began negotiations in Riyadh on Thursday to pause the campaign of airstrikes launched by a Saudi-led coalition on March 26.