On Feb. 6, the 400,000 barrels per day refinery will load a 60,000 tonne cargo of gasoline on the Serengeti.
The private developer is looking to open offices in London, Singapore, Riyadh, Doha and Kuwait City by July 2015.
The bank’s retail lending growth is expected to slow to 25 per cent in 2015 from 36 per cent last year.
The bank has not seen a major drop in lending approval rates since the establishment of the Credit Bureau, says Peter England.
Kingdom’s stake decreased from approximately 6.6 per cent ownership to roughly one per cent ownership.
The hotel will have close to 300 rooms and is slated for completion in 2017.
The meetings with European stakeholders mainly focused on ways to exchange knowledge and experience in space technology and science, a statement said.
The six-year revolving credit facility was lead arranged by First Gulf Bank and Abu Dhabi Commercial Bank.
Moody’s on Tuesday withdrew Shuaa’s ratings, citing Moody’s “own business reasons” without elaborating.
A country-level approach could help limit differences between products, speed the design of new products and boost investor confidence.
The bond, rated AA- by Standard and Poor’s and Fitch, will be listed on the London Stock Exchange.
Brent crude fell 0.7 per cent in Asian trade after surging almost six per cent on Tuesday.
Work on the project is slated to be completed by 2018, officials said.
MilleMiglia is Italy’s largest frequent flyer programme, with 4.6 million existing members and more than 20,000 new members a month.
Alain Bejjani, currently chief corporate development and brand officer, has been appointed as the group’s new chief executive.
Suhail Mohammed Al Mazroui told the Federal National Council that the government has submitted a proposal to the cabinet that will enable consumers to benefit from lower oil prices.
Massar will postpone the initial public offering (IPO) until oil prices are more stable, it said.
The OPPO R5, priced at Dhs1,899, measures 4.85mm and comes with a 13MP camera.
The capital has seen a rise in demand for affordable properties over the last 12 months as cost of living surged, CBRE said in a report.
The company will close its Qatar plants for a total of 158 days in the first three months of the year, compared to 292 days of closures in 2014.
The Indian jewellery retailer currently operates nine outlets in the UAE and three in Kuwait.
NBAD is the first official market maker in the Gulf region, the chief executive of Abu Dhabi Stock Exchange said.
Net profit for the full year of 2014 rose to QAR1.4 billion, up from QAR677 million the year before, it said in a statement.
The seasonally adjusted HSBC UAE Purchasing Managers’ Index was 59.3 points last month against 58.4 in December.
Gross volumes totalled 60 million 20-foot equivalent units (TEU) in 2014, driven by new developments in Britain and Brazil.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index was 57.8 points in January against 57.9 in December.
Both contracts are for construction of residential villas in Dubai to be delivered in 2016, the company said.
The airline is “in the final stages of deliberations” about whether to withdraw the three daily services, a source said.
Cameron said that Saudi is a valuable partner of the West in the region and has helped in the fight against terrorism.
An important area for 2015 will be new technology and the development of Dubai’s smart economy, writes Buamim.