Some analysts had predicted UNB might be added to the MSCI index, but it was not.
Shares in Dubai’s Emaar Properties and Dubai Islamic Bank, whose weightings also increased, rose 2.5 and 1.6 per cent respectively.
Waha made a net profit of Dhs301.2 million ($82 million) in the three months to Sept. 30, up from Dhs107.1 million in the year-ago period, it said in a statement.
The company said in an emailed statement that it collected more than Dhs13.6 billion in its 16-day IPO.
Of about 74 billion Egyptian pounds of aid received in the 2013-14 fiscal year, 53 billion pounds was in the form of petroleum products, with the remaining 21 billion pounds coming as cash grants.
Songbird’s chief executive said in a statement that the proposal undervalued the company and does not reflect the inherent value of the business.
The firm’s chief executive said in an interview that Agility’s plan was based on his company’s strategy of expanding into aviation services.
Talks about a potential deal between the two companies had been due to end on November 11 but announced an extension to allow more time to conclude due diligence and negotiations.
The backing of deep-pocketed Aabar Investments may be crucial to Virgin Galactic as it struggles to recover from the accident.
Currently, Qatari investors are exempt from taxes on profits made when they sell properties purchased in France.
The deal between NASDAQ Dubai and Misr for Central Clearing, Depository and Registry (MCDR) establishes technical ties that will facilitate dual listings.
Mobily’s latest drop takes the stock’s losses to 27 per cent since resuming trading on Tuesday.
The new company is expected to be named Orascom Construction.
Gulf countries have stepped in to help Egypt since the ouster of Islamist President Mohamed Mursi last year.
A total of 1.25 million subscribers put up a total of SAR310.7 billion for the 300 million shares offered to retail investors.
The country has undershot its budget plans repeatedly in recent years as political disputes have delayed budget approvals.
The offer is higher than a rival bid of 56 pounds per share from Pioneers Holdings announced on Tuesday.
There were a total of three IPOs in the MENA region during the third quarter with the Emaar Malls Group (EMG) listing being the largest in 2014, the report said.
The statement from the bank was issued following a Bloomberg News report about RBS hiring PricewaterhouseCoopers to sell its Middle Eastern corporate loan book.
Etisalat owns 27.5 per cent of Mobily, which on Monday cut its profits for 2013 and the first half of 2014 by a combined SAR1.43 billion ($381.2 million), citing accounting errors.
Post the sale, the founder of Dainese will retain a minority stake in the company and will lend his expertise in its operations, Investcorp said.
Subsidies and transfers accounting for nearly 20 per cent of annual expenditure in Abu Dhabi, according to the IMF.
Barclays and Citigroup are the joint global co-ordinators for the bond sale.
The Saudi index tumbled 3.5 per cent to 9,785 points on Tuesday, its biggest drop since Oct. 16 .
He said the first would be a multibillion-dollar project related to the power sector in partnership with a Middle Eastern group.
The loan will have a lifespan of between seven and eight years and will have an amortising structure, the sources said.
The company did not identify the parties but stressed that no final agreement had been reached and no binding commitments had been made.
Kuwait has said it would ship around two million barrels of crude oil a month to Egypt, giving it priority as a buyer ahead of sales from storage into the Mediterranean market.
KIPCO made a net profit of KD10.1 million ($34.8 million) in the three months to Sept. 30, up from KD8 million in the same period of 2013, it said in a statement.
The bank said that despite attracting sufficient attention for the transaction from investors, the bond issue was cancelled due to “legislative and technical issues”