ENBD’s earnings have been given a lift in recent quarters by a resurgence in the Dubai economy.
The private equity firm has been in exclusive talks for months to buy a controlling holding in the restaurant group.
The investment firm aims to write-off of $327.9 million of its losses through a capital reduction.
The company made a net profit of SAR232 million ($61.8 million) in the third quarter, up from SAR229 million in the corresponding period of 2013, according to a bourse filing.
The bank said it made a profit of SAR1.28 billion ($341.2 million) in the three months to Sept. 30, up from SAR1.17 billion in the same period a year earlier.
Crude output from their jointly-run offshore Khafji oilfield has been halted temporarily to comply with environmental rules.
Oman needs a relatively high oil price to balance its budget, so its state finances are more vulnerable than most to the drop of Brent crude oil to around $85 a barrel.
This will be the second initial public offering (IPO) in Qatar after a long period.
The moves were part of a gradual tightening of EU sanctions against the government of Syrian President Bashar al-Assad.
King Abdulaziz International Airport in Jeddah was rated the world’s second worst airport by a travel website based on an online poll.
The lender made QAR1.1 billion in the year-to-September 30, compared to QAR1 billion in the year earlier period, a bourse statement said.
Each of the three big IPOs currently in Saudi Fransi’s pipeline is larger than SAR1 billion ($267 million), the company’s chief executive said.
The company’s logistics and freight forwarding businesses, which account for most of its revenue, have been hit by instability in the global economy over the last few years.
The distribution centre is also IKEA Group’s first direct investment in the region and is scheduled for completion in September 2015.
Oxy had said in October 2013 that it planned to sell a minority stake in its MENA operations as part of a restructuring programme.
A huge dome structure weighing 7,000 tonnes has been installed as part of the museum project.
Dubai’s benchmark edged down 0.4 per cent as shares in builder Arabtec Holding fell 2.6 per cent and Emaar Properties lost 0.6 per cent.
The airlines will fly two Airbus A330-200 aircraft with the Expo livery starting from October 21 between Rome and Abu Dhabi.
Saudi International Petrochemical Co reported a 13.3 per cent drop in third-quarter net profit.
Waha Capital has secured regulatory approval to buy back up to 10 per cent of its outstanding shares.
The UAE Space Agency and the Emirates Institution for Advanced Science and Technology, EIAST, will develop the probe.
Islamic New Year is likely to fall on Friday, October 24 or Saturday, October 25.
Muhammed Abd Al Rahman Awn Al-Shamrani, 39, should stay at the prison because he remains a security threat, the Periodic Review Board said.
Net profit for the nine months to Sept. 30 was QAR1.43 billion, compared with QAR1.25 billion in the same period a year ago.
Aramex founder Fadi Ghandour said plans are under way to acquire firms in the emerging markets of Africa, Asia and Turkey.
The deal will allow Rezidor to develop new Radisson Blu and Park Inn hotels in markets such as Riyadh, Dammam, Jeddah, Makkah and Medina.
The Islamic lender made a net profit of QAR1.1 billion ($300 million) during the period, a company statement said, up from QAR975.1 million in the same period a year ago.
Net profit for the third quarter was QAR1.4 billion ($384.5 million) compared to QAR1.2 billion in the same period a year ago, a bourse filing said.
CEO Paul Kenny says the new name, which means ‘our travel’ in Arabic, better reflects the site’s offering and reach.
The new areas will be located in Motiongate Dubai, the Hollywood inspired theme park within the Dubai Parks & Resorts project.