Until now there has been only one issuer of sukuk in Oman, a OMR50 million private placement from Tilal Development Co.
Emirates, flydubai and Etihad Airways have suspended flights to Erbil as ISIL destroys ancient cities in Iraq’s north.
Said Jadad found guilty of “undermining the prestige of the state”, was fined and sentenced to three years in jail.
Saudi contractor Mohammed Al Mojil Group has not traded on the Saudi bourse since July 2012.
Prince Alwaleed has previously made investments in technology brands including Twitter and Chinese e-commerce firm JD.com.
The firm will ask creditors to amend the terms of its $2.3 billion restructuring deal originally signed in 2012, sources said.
Overall, salaries in the UAE have risen by 9.97 per cent year-on-year to around $11,224 per month, finds 2015 Gulf Business salary survey.
The National Audit Court (NAC) produced the figure in its 2013/14 report, a local daily reported.
The Kingdom overtook India to become the world’s biggest weapons importer in 2014, research company IHS said.
A court last month released Mohamed Fahmy and Baher Mohamed on bail after over a year in detention.
Rents in the emirate have surged more than 50 per cent in the last two years, prompting calls for affordable units in the market.
China Harbour Engineering Company will carry out the marine and infrastructure works for the luxury project.
The lender said it had revised its proposed cash payout to four per cent from six per cent.
He said projections showed prices might improve this year, but added that they might also stay between $50 and $60 a barrel.
A statement said the Kingdom’s constitution ensured the protection of human rights because it was based on Islamic Sharia law.
Dreyfus is sending about 280,000 barrels of ethanol from the Port of New York to Jebel Ali in the UAE.
Security officials acknowledge that youths from Gulf Arab states have trekked in their hundreds to fight for ISIL in Iraq and Syria.
King Salman is trying to reinforce the need for unity in the Arab region and find a way to work around disagreements over the Muslim Brotherhood.
Saudi Arabia recently announced a new round of bonuses for government employees, a direction that experts believe is opposite to what it should be doing in this time of cheap oil.
The UAE is weaning itself away from oil and could be almost independent of it by 2021, say senior government officials.
Sources in Nusra said that Qatar is encouraging the group to go ahead with the move, which would give it a boost in funding.
Arabtec said last March that it had reached agreement with Egypt’s army to build a million homes at 13 locations around the country.
The Fujairah port, which lies outside the Strait of Hormuz, a vital Gulf oil export route, has seen a boom in storage facility building since late 2009.
The carrier currently operates three flights a week between Abu Dhabi and the Iranian capital.
King Salman is clearly laying the ground for a generational shift in how Riyadh develops its energy and economic strategies.
The Emirates was the top destination for Muslim tourists in the Middle East, which had five countries among the top 10 in the global list.
US carriers accuse Gulf airlines of receiving more than $40 billion in government subsidies since 2004.
Wealthy individuals in the three GCC nations especially spend on imported luxury goods and premium travel, finds new report.
The loan could be worth around $2 billion and enable the EU member to refinance debt.
The museum will produce futuristic inventions and support the UAE’s goals to be the most innovative country in the world.