Dubai’s index rose 1.8 per cent to 4,653 points as most stocks gained.
SABIC, which is 70 per cent state-owned, attributed the fall in profits to a drop in sales and other income, although its cost of financing was lower.
Oman has been considering ways to reform its costly and sometimes wasteful subsidy system, though reductions in spending would be politically sensitive
A sustained oil price decline of $25 reduces the revenue of most GCC countries by the equivalent of about eight percentage points of gross domestic product, and could therefore push many of them into fiscal deficits.
Big provisions for bad loans taken by Kuwaiti banks in the past few years have also limited profits distributed to shareholders.
Sources say that Aabar Investments is unhappy with the merger talks of Malaysia’s RHB Capital Bhd with IMB Group Holdings and Malaysia Building Society Bhd (MBSB).
The private healthcare-focused firm has made four investments in the United Arab Emirates since 2009 through its $120 million fund.
The company will finance a third of the $600 million from its own resources and the remainder via local and international banks.
Major infrastructure projects planned in Saudi will require raising annual capital expenditure above the levels of SAR150 to SAR250 million seen in past years, Khodari said.
The Kuwait Investment Authority said it would offer its stake in the firm to the public in the first half of 2015.
The Kuwait Investment Authority (KIA) is planning to offer its stake in Kuwait Investment Co in the first half of 2015.
DIC has been selling down its portfolio of assets to service its debt, most recently selling German packaging company Mauser for $1.72 billion.
Waha, which has a stake in New York-listed AerCap Holdings, had assets totalling Dhs6.5 billion ($1.8 billion) in June this year.
The bank’s chief executive said there were a number of options available to boost its capital reserves but it would choose the cheapest way to boost the ratio at the time it chose to act.
Funds raised from the issue would be used for general business purposes, the company said.
Switzerland, Singapore and China were ranked as the top three expat destinations worldwide.
The bank made Dhs676.8 million of net profit attributable to the owners of the bank in the three months to September 30.
NCB, which is currently undertaking the largest ever IPO in the GCC, made $498.4 million in the three months to September 30.
Emirates NBD and Abu Dhabi Commercial Bank posted strong third quarter results.
The lender made a net profit attributable to equity holders of Dhs1.02 billion.
ENBD’s earnings have been given a lift in recent quarters by a resurgence in the Dubai economy.
The private equity firm has been in exclusive talks for months to buy a controlling holding in the restaurant group.
The investment firm aims to write-off of $327.9 million of its losses through a capital reduction.
Currently, around 25 per cent of the firm’s funds come from Asia and the Middle East.
The company made a net profit of SAR232 million ($61.8 million) in the third quarter, up from SAR229 million in the corresponding period of 2013, according to a bourse filing.
The bank said it made a profit of SAR1.28 billion ($341.2 million) in the three months to Sept. 30, up from SAR1.17 billion in the same period a year earlier.
Oman needs a relatively high oil price to balance its budget, so its state finances are more vulnerable than most to the drop of Brent crude oil to around $85 a barrel.
This will be the second initial public offering (IPO) in Qatar after a long period.
The lender made QAR1.1 billion in the year-to-September 30, compared to QAR1 billion in the year earlier period, a bourse statement said.
Each of the three big IPOs currently in Saudi Fransi’s pipeline is larger than SAR1 billion ($267 million), the company’s chief executive said.