A possible merger of the Abu Dhabi Securities Exchange with the Dubai Financial Market has been discussed on and off for years.
The Abu Dhabi and Dubai stock markets have dropped sharply in the past several months as the slide in global oil prices has burst speculative bubbles in equities.
The Abu Dhabi Financial Centre will have its own administration, court system and tax incentives to attract banks and companies from around the world.
Online job postings in Banking, Finance, Services and Insurance (BFSI) saw the largest growth, rising by 27 per cent, the index showed.
Dubai’s bourse, which had suffered more than others and fallen 8.6 per cent this week, added 0.8 per cent in a broad recovery.
Diar, which had been Al Khaliji’s largest shareholders, moved 61.9 million shares in Qatar’s sixth-largest bank to QIA.
The company made a net profit of SAR200.8 million($53.5 million) in the fourth quarter.
Shareholders controlling 59.91 per cent of the company’s shares had agreed to sell at 89.86 pounds per share, Bisco Misr said in a statement.
The company’s statement follows reports that it had assigned a consultant to advise on potential take over bids.
It did not give the details of the previous loan but said it was signed with six banks in June 2012.
Dubai’s bourse tumbled 5.1 per cent with Emaar Properties losing 8.4 per cent.
The Islamic lender has mandated HSBC and Standard Chartered as the joint structuring banks.
The measure of output growth climbed to 65.0 points in December from 62.8 in November, while new orders were at 65.4 points against 65.5.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index rose to 57.9 points in December from 57.6 in the previous month.
Brent futures edged up early on Tuesday but traded below $54.
The firm will seek to sell 240 million ordinary shares at Dhs2.4 ($0.65) each between January 11 and January 25, it said in a statement.
Dubai’s index dropped 3.4 per cent as all but a handful of stocks fell.
The figure is down from the SAR6 per share that the company paid for the corresponding period of 2013.
Rami Hurieh took over as CFO effective from January 4 after the departure of Jean Ayoub, TNI said in a bourse filing.
Rouhani’s call is in line with his preference for a greater public say on strategic matters, traditionally vested with the Supreme Leader Ayatollah Ali Khamenei.
Ministers said that the government will not abandon subsidy reform.
Signed just before the end of 2014, the loan is structured as a revolving credit facility.
Dubai’s index dropped 2.4 per cent with most stocks down.
Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost four years of instability.
Spending this year is projected at about Dhs41 billion ($11.2 billion), up from Dhs37.88 billion in the original budget for 2014, according to state news agency WAM.
Government expenditure this year is estimated at OMR14.1 billion ($36.6 billion), up 4.5 per cent from last year’s original plan, the ministry said.
A news conference on the budget was scheduled to be held at 10 a.m. local time.
The dual-currency murabaha transaction for Kuveyt Turk was arranged in two tranches.
The monarch, who took power in 2005 after the death of King Fahd, has undergone surgery in the past few years related to a herniated disc.
The council said that such a tax would have a negative impact on the country’s investment prospects.