Kingdom’s stake decreased from approximately 6.6 per cent ownership to roughly one per cent ownership.
Patrick Pouyanne said that despite the fall in oil prices, the company would maintain investments in its big projects.
ISIL fighters released a video on Tuesday showing Jordanian pilot Muath al-Kasaesbeh being burnt alive in a cage.
A Jordanian official said the authorities would swiftly execute several militants in retaliation.
Fahmy’s colleague, Peter Greste, an Australian citizen, was released on Sunday.
The OPPO R5, priced at Dhs1,899, measures 4.85mm and comes with a 13MP camera.
The Indian jewellery retailer currently operates nine outlets in the UAE and three in Kuwait.
Australian Peter Greste was released on Sunday after 400 days in a Cairo jail while his colleagues still remain in jail.
Some OPEC members say that prices are likely to remain high in the first half of this year.
Al Khaleej’s supply to Iraq was affected last summer as conflict in the country escalated with IS overrunning Mosul.
The men were convicted of playing a role in the killings of 16 policemen in the town of Kardasa in August 2013.
Gulf Marketing Group, the parent firm of Sun & Sand Sports, said that it will create up to 1,000 jobs across its brands in 2015.
The deal covers the Overseas Private Investment Corporation for its own insurance policy on the exploration projects of Houston-based Apache Corporation.
A security official said another journalist Mohammed Fahmy was expected to be released from Cairo’s Tora prison within days.
The fall in oil prices and the decision of OPEC to not cut output in 2015 will spur M&As in the oil & gas sector this year.
In a show of defiance, prime minister Abe vowed to increase Japan’s food, medicine and other humanitarian aid for the Middle East.
The Jordanian prince also said that he wants to “make FIFA a model of good ethics”.
Production at the country’s biggest steel works has been cut and the port of Misrata has been forced to restrict operations.
UBS Wealth Management says the short-term outlook for oil remains bleak, but gains are expected in the second half of 2015.
The deal is Investcorp’s second acquisition in Spain after its purchase of ceramics products maker Grupo Esmalglass-Itaca in 2012
Marib has most of Yemen’s oil and gas fields and has long been a battleground between various factions.
The company is looking to expand its presence in Saudi Arabia and the UAE.
Bullets hit a Flydubai plane on Monday evening as it was landing in the Iraqi capital.
ADNOC awarded Total a 10 per cent stake in the main land-based concession for 40 years starting Jan. 1, 2015.
Saudi Arabia and Qatar were the biggest contributors, committing $25 million and $10 million respectively to Gavi Alliance.
The deal is the first completed by L Capital Asia in the Middle East, a statement said.
The group is planning to open 40 new medical centres as part of its expansion in the region, a senior company official said.
Emirates’ superjumbo network in European grows to 13 points
The company sold 74.5 million iPhones in its fiscal first quarter ended Dec. 27.
Gunshots were fired at the flydubai flight when it was landing at Baghdad airport on Monday evening.