The state-owned crude oil producer currently produces 1.6 million barrels per day.
The stock will be able to move a maximum of 10 per cent up or down on its first day of trading, the statement said.
A petrol price hike would probably have a much bigger impact on consumers than the diesel and kerosene changes.
The bank said several of its customers who have ongoing credit facilities with the bank obtained external funding to subscribe to the bond.
The executive said that the fluctuating oil prices does not overshadow Saudi Aramco’s long-term commitment.
Economic growth and lower provisions for bad debts have fuelled the banks’ profits, the UAE Banks Federation said.
An improvement in ties between Riyadh and Baghdad could help strengthen a regional alliance against Islamic State militants.
Abdullah al-Badri said both producers and consumers would be happy with oil prices in a broad range around $100 per barrel.
The 2.3 million sqft mall, located in Al Maryah Island, is scheduled for opening in March 2018.
Both operators’ premium travellers will now be able to enjoy mutual benefits, earning points and rewards.
Roadshows start in Kuala Lumpur on Thursday before moving to Singapore, Abu Dhabi and Dubai and closing in London on Nov. 17.
The firm’s third-quarter profit more than doubled, driven by higher income from its stake in AerCap Holdings.
The latest renovation will add an 80,000 square feet Carrefour hypermarket, around 50 new retail brands and a number of street-based restaurants to the mall.
Union Properties did not explain the nature of the required amendments in the bourse statement.
Kuwait’s oil minister also said he believed surplus production in the oil market would be absorbed soon, but that the extent of the surplus was not clear.
The Dubai tramway launches on November 11, and will cost a minimum of Dhs3 per trip.
Dubai’s index added 1.1 per cent, buoyed by Emaar and Dubai Islamic Bank while Abu Dhabi’s index rose 0.7 per cent.
The tram will operate from 6.30 am to 1.30 am from Saturday to Thursday and from 9.00am to 1.30 am on Fridays.
The company made a net profit of OMR30 million ($77.9 million) in the three months to Sept. 30, up from OMR29.1 million in the year-earlier period.
The agreement allows UAE easy access to Asian markets while giving Japan priority access to reserves if Japan is in short supply of crude.
Songbird rejected an initial approach on Friday, saying the 295-pence a share offer significantly undervalued the company.
The state-owned property firm is on track to restructure the debt by the end of the year, when a payment worth a third of the total comes due.
The lender, Kuwait’s third largest by assets, is issuing 216 million new shares.
The Justice Ministry in July asked a court to suspend the National Democratic Action Society, known as Waad, for three months.
The project is expected to have a capacity of nine million tonnes a year.
Dubai’s diversification into sectors such as trade, tourism, real estate will ensure that it enjoys favourable economic conditions.
The new OTT players have helped the telecoms provider boost revenues from data usage, says the CEO.
Expo 2015 Milan is themed around the issue of tackling global food and hunger challenges.
Some analysts had predicted UNB might be added to the MSCI index, but it was not.