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.
Dubai’s stock index edged up 0.5 per cent in relatively thin trade while Abu Dhabi’s bourse was up 1.6 per cent.
The decision to sell the business was due to the bank’s review of “strategic alternatives and operational priorities”, a statement said.
Abraaj did not give a reason for its withdrawal from the bidding process, but said the orderly and transparent process had underlined growing investor interest in Egypt.
The purchase will be financed through a syndicate of Saudi banks, to be announced later and conditional on Takween shareholders’ approval, a statement said.
Oman has been considering a range of spending cuts and tax rises, including a levy on the remittances of foreign workers.
The DFM General Index tumbled 5.4 per cent, the steepest retreat since December 16.
The identity of the buyer of CBK’s holding in Boubyan was not immediately clear.
Songbird’s management earlier this month said an offer from Qatar undervalued the London based-developer.
Unnamed government official denies comments on social media about the government mulling a reduction in public expenditure.
The bank said that it will give a dividend of 35 halalas per share, down from 80 halalas from the same period last year.
Dubai’s index tumbled 5.0 per cent as most stocks declined.
The 2015 budget is around 23.44 per cent larger than the previous year, a senior official said in a statement.