Saudi Cement, the Kingdom’s largest cement company by market value, reported an 8.9 per cent rise in Q4 net profit.
Brent crude jumped 2.2 per cent to $57.80 per barrel on Friday, posting its largest two-week gain in 17 years.
Figures from Airbus show that 47 per cent of its aircraft deals in the ME in the first 11 months of 2014 were funded by local banks.
A local daily reported that the securities regulator had decided to refer central bank governor Mohammad al-Hashel to prosecutors on suspicion of violating investment rules.
Dana Gas made a net loss of Dhs15 million in the last quarter of 2014.
Jarir posted a 25.5 per cent increase in its fourth-quarter net profit.
The company made a net profit of Dhs89.4 million ($24.3 million) in the last quarter of 2014.
The company made a profit of OMR6.55 million($17.0 million) in the last quarter of 2014.
The company reported annual net profit of QAR6.3 billion for 2014, down 21 per cent from QAR8.01 billion a year earlier.
Dubai-based Levant Capital and Citi Venture Capital International originally bought the stake in Al Raya in 2012 for $100 million.
The deal is a first in the region for TPG, which manages about $65 billion of capital according to its website.
Investor orders grew to over $1 billion, the leads said.
The bank’s retail lending growth is expected to slow to 25 per cent in 2015 from 36 per cent last year.
Saudi Arabia, Kuwait and the UAE gave Egypt more than $12 billion in aid after former President Mohamed Mursi was toppled in 2013.
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 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.
An Etisalat-led consortium in 2005 bought a $2.6 billion stake in Pakistan Telecommunication Co but withheld $800 million because of some incomplete deal terms.
Massar will postpone the initial public offering (IPO) until oil prices are more stable, it said.
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.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index was 57.8 points in January against 57.9 in December.
Al Khaleej’s supply to Iraq was affected last summer as conflict in the country escalated with IS overrunning Mosul.
DFM’s full-year profit rose 167 per cent to Dhs759.3 million.