A total of 1.25 million subscribers put up a total of SAR310.7 billion for the 300 million shares offered to retail investors.
The country has undershot its budget plans repeatedly in recent years as political disputes have delayed budget approvals.
The offer is higher than a rival bid of 56 pounds per share from Pioneers Holdings announced on Tuesday.
New regulations will cap the price increase for health services offered by the private sector at 4.22 per cent, the Dubai Health Authority said.
In a video message broadcast on state television, a frail-looking Qaboos offered greetings to Omanis on the occasion of his birthday, which falls on Nov. 18 and is celebrated in Oman as a national day.
From diamond–encrusted rims to luxurious audio systems, the flashiest add-ons, according to Carmudi.com.
Etisalat owns 27.5 per cent of Mobily, which on Monday cut its profits for 2013 and the first half of 2014 by a combined SAR1.43 billion ($381.2 million), citing accounting errors.
Post the sale, the founder of Dainese will retain a minority stake in the company and will lend his expertise in its operations, Investcorp said.
Subsidies and transfers accounting for nearly 20 per cent of annual expenditure in Abu Dhabi, according to the IMF.
Barclays and Citigroup are the joint global co-ordinators for the bond sale.
The Saudi index tumbled 3.5 per cent to 9,785 points on Tuesday, its biggest drop since Oct. 16 .
The African nation hopes to get shipments as early as next year to use in generating power.
An armed group killed at least eight people in an overnight attack on Shi’ite Muslims.
Brent crude oil futures sank more than $2 a barrel on Tuesday to a four-year low of $82.32.
Oil analysts see no sign of a new coalition in the making, despite some parallels to the late 1990s – a structural downturn in oil markets and talk of a price war among producers.
The clashes in al-Qassim province north of Riyadh happened less than 24 hours after gunmen shot dead five people in eastern al-Ahsa district.
The loan will have a lifespan of between seven and eight years and will have an amortising structure, the sources said.
The airline said that almost half a million passengers have connected to its in-flight wi-fi since Emirates launched the service three years ago.
Three masked men opened fire at a group of citizens belonging to the Shi’ite muslim sect as they were leaving a building, state news agency SPA reported.
The company did not identify the parties but stressed that no final agreement had been reached and no binding commitments had been made.
Kuwait has said it would ship around two million barrels of crude oil a month to Egypt, giving it priority as a buyer ahead of sales from storage into the Mediterranean market.
Madrid-based Parques Reunidos will operate the two theme parks coming up within the bigger Dubai Parks & Resorts Complex.
The levelling-off in the market is however prompting investors to explore other asset classes, said the JLL survey.
French hospitality giant confident about region’s outlook and identifies eight key tech areas
KIPCO made a net profit of KD10.1 million ($34.8 million) in the three months to Sept. 30, up from KD8 million in the same period of 2013, it said in a statement.
The bank said that despite attracting sufficient attention for the transaction from investors, the bond issue was cancelled due to “legislative and technical issues”
Competitive pressures and signs of moderating demand slowed growth.
China has appointed clearing banks for Taiwan, Singapore, London, Frankfurt, Paris, Luxembourg and Seoul in the past two years.
QIA, estimated to have around $170 billion, and state-owned CITIC Group signed an MoU to launch the 50-50 investment fund.
New resort means the luxury chain can now target upscale leisure travellers