Abu Dhabi-based Khalifa Fund for Enterprise Development said it signed the loan agreement with the Egyptian government in Cairo.
The recently-opened Al Etihad Credit Bureau aims to serve as a safeguard against a repeat of the credit bubble.
A two per cent tax on the remittances sent by foreign workers in Oman is estimated to generate about OMR62 million.
Dow Chemical announced recently that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures.
Qatar’s index rose 0.3 per cent while Abu Dhabi’s benchmark edged up 0.1 per cent.
The five-year note, which can be converted after three years into shares, will represent around five per cent of the firm’s current share capital.
Presently, 18 per cent of the 138.9 billion pounds in banking deposits in Jersey are from residents of the Middle East and Asia,
Abraaj is now offering 79.10 pounds ($11.06) a share for a total purchase price of 909.65 million pounds, it said in Sunday’s statement.
The company said it would pay the special cash dividend following the recent IPO of Emaar Malls Group.
Abu Dhabi Fund for Development (ADFD) has agreed to provide loans to finance the development of a two-lane road and seven bridges in Madagascar.
Engineering firm Arcadia will now seek to expand into Saudi Arabia, Qatar and the UAE.
It aims to sell 2.53 billion shares, or 40 per cent of its outstanding shares, between Nov. 17 and Nov. 30.
The company owned by Dubai’s Al-Futtaim Group plans to raise a 10-year, amortising facility.
The government said it was stepping up efforts to cut off financing to groups it classifies as terrorist.
The funds will be used by Kayan to fund an increase in working capital and complete factories under construction.
Qatar Investment Authority, the Gulf state’s sovereign wealth fund, has a long term strategy, its CEO said.
A government source had previously said the negotiators were considering a payment of around 235 million Egyptian pounds ($33 million).
Kufpec is responsible for exploration, development and production of crude oil and natural gas outside Kuwait.
Emirates’ bottom line was hit by runway upgrades in the first six months of the 2014, resulting in modest growth of eight per cent.
Emirates and Qatar Airways have signed financing facilities with banks to purchase new planes.
Credit Agricole, Dubai Islamic Bank, Emirates NBD, HSBC, National Bank of Abu Dhabi, Noor Bank and Standard Chartered are the arrangers for the sukuk sale.
Accumulated losses on GFH’s balance sheet had been reduced by $134.4 million under the measure.
The central bank clamped down on derivatives trading in 2008 as Kuwaiti banks were hit hard by the debt problems of local investment firms.
The sukuk pricing was last revised to 210 basis points, plus or minus five bps, over midswaps, after being marketed initially at 220 bps over the same benchmark guidance.
Abraaj Investment Management will begin buying shares of Bisco Misr on Thursday and aims to complete its purchases by December 17.
Adel Mohammad al-Roumi said that the company has fulfilled all the technical and legal requirements to list on the bourse.
The money will help Arcapita to make investments in the Gulf region as well as in international markets including United States, Asia and Europe, it said in a statement.
Pricing guidance for the five-year sukuk is in the area of 225 basis points over midswaps, a document showed.
The majority of regional financial professionals also expect bonuses to increase when compared to last year, finds survey.
Jadwa plans to partner with real estate developers in Saudi to select and execute projects on behalf of clients.