Dubai’s Emaar Says Watching Market Conditions For Hotels IPO

Emaar sold a 15.4 per cent stake in its retailing unit in an initial public offer in September, raising $1.6 billion.

Saudi’s Al Rajhi Bank Q4 Net Profit Falls 1.8%, Misses Forecast

The decrease was the sixth straight drop in quarterly profit posted by the bank.

Stock News: Gulf Markets Rise After Oil Rebounds

Wednesday’s 4.5 per cent surge in Brent crude futures was the biggest percentage gain since June 2012.

Kuwait’s Americana Still In Talks For Sale

Americana, backed by Kuwait’s billionaire al-Kharafi family, operates franchises for restaurant chains around the region.

Oman’s Bank Dhofar Q4 Net Profit Up 9.2%, Beats Estimates

Net profit for the full year was down 30.6 per cent year-on-year to OMR40.5 million.

Bank Muscat Q4 Net Profit Drops 26.6%, Misses Forecasts

Net profit in 2014 was OMR163.2 million, up 7.3 per cent from the previous year.

Dubai’s Emaar Says Banks Slash Interest Rate On $500m Loan

Emaar said the pricing on the loan had fallen by 1.5 per cent.

Citigroup Loses Appeal Over Abu Dhabi Fund’s Arbitration

Abu Dhabi Investment Authority is pursuing a second arbitration over its $7.5 billion investment in Citigroup in late 2007.

Saudi Lender NCB Q4 Profit Rises 1.7%, Misses Forecast

The lender made a net profit of SAR1.83 billion($487.6 million) in the last quarter of 2014.

Saudi Cement Q4 Profit Rises 9%, Beats Forecasts

The company made a net profit of SAR269 million ($71.68 million) in the last quarter of 2014.

Saudi British Bank Q4 Net Profit Near-Flat, Misses Forecasts

The bank made a profit of SAR969.4 million ($258.3 million) in the last quarter of 2014.

Kuwait’s NBK Capital Hires Hamad As CEO, Spins Off Unit

Faisal al-Hamad was previously managing director of brokerage and research at NBK Capital.

National Bank Of Oman Q4 Net Profit Rises 29%

The lender made a net profit of OMR13.2 million ($34.3 million) in the fourth quarter of 2014.

DIB Sets Final Price Guidance For Benchmark Tier 1 Sukuk

The sukuk will be launched and priced later on Wednesday, the arrangers said.

Dana Gas CEO Says Oil Price Collapse Could Delay Egypt Payments

Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.

Stock News: Mixed Earnings, Weak Oil May Dampen Gulf Markets

Oil slid in early Asian trade on Wednesday after touching its lowest in nearly six years in the previous session.

Saudi’s Yansab Q4 Net Profit Rises 39.7%, Beats Forecasts

The firm made a net profit of SAR617.8 million ($164.6 million) in the fourth quarter of 2014.

National Bank Of Kuwait Names Fulaij As Head Of Domestic Business

Salah al-Fulaij had been the chief executive of NBK Capital, the investment banking arm of the bank, since 2007.

Qatar’s QNB Q4 Net Profit Up 5.5%, Increases 2014 Dividend

The bank reported a net profit of QAR2.5 billion ($686.7 million) for the fourth quarter of 2014.

Dubai World $14.6bn Debt Deal Creditor Vote Set For March 17

Dubai World said that it had received backing from a “substantial majority” of creditors on the new deal which would see part of its debt repaid early.

Iran’s Rouhani Says Countries Behind Oil Price Drop Will Suffer

Iranian president said that oil producers such as Saudi Arabia and Kuwait will suffer more than Iran from the falling oil prices.

Saudi Arabia, Tajikistan To Join Beijing-Backed Development Bank

The entry brings the total number of founder nations intending to join the $50-billion bank to 26, officials said.

Middle East’s Integrated Diagnostics Plans UK Listing

Up to 45 per cent of IDH could be listed, the company said.

Dubai’s Shuaa Capital Secures Dhs500m Loan To Fund SMEs

The company will deploy the facility to further penetrate the SME growth finance market in the UAE and Saudi Arabia, it said.

Stock News: Gulf Markets Pull Back As Oil Continues Slide

rent crude oil dropped into the $46 area in Asian hours on Tuesday, near a six-year low.

Saudi Bank Samba Q4 Net Profit Up 22.5%, Beats Forecasts

The bank attributed its increase in net profit to a rise in total operating income, which gained 13.4 per cent.

Canary Wharf Owner Tells Investors To Reject $4bn Qatar Takeover

Songbird Estates said the 350 pence per share cash offer did not reflect the value of its property of growth potential.

Banque Saudi Fransi Q4 Profit Jumps After Drop In Provisions

Banque Saudi Fransi made a net profit of SAR851 million ($226.8 million) in Q4 2014, up from SAR274 million in the same period a year earlier.

Saudi’s SAFCO Q4 Net Profit Falls 3%, Misses Forecasts

SAFCO did not provide a reason for the profit drop in the Enlgish results statement.

Saudi Government Studying Saline Water Conversion Corp Privatisation

Local media reported that the corporation is ready for the privatisation process and for listing on the Saudi stock exchange.