The budget is “the largest in the history of the state of Qatar,” Finance Minister Ali Sherif al-Emadi said.
Buyout firm GrowthGate Capital plans to take Able Logistics Group public on the Dubai Financial Market around the end of 2014.
Kuwait’s declining oil export receipts were due to modest global demand and lower oil prices in 2013, a new report says.
Dubai Holding Commercial Operations Group reported a 2013 net profit of Dhs3.3 billion.
Khalid Elgibaly, formerly the chief executive of Standard Chartered in Pakistan, will take on the role.
EFG-Hermes said the one-off charges totalled 761 million pounds, including 616 million in the fourth quarter alone.
The Dubai developer has appointed Barclays, Citigroup, and Deutsche Bank as joint global co-ordinators.
Survey finds that 47 per cent of the funds expect to raise their equity allocations to the Middle East over the next three months.
Abu Dhabi’s Etihad Airways is in talks to acquire 40 per cent of Italy’s struggling flag carrier.
The lender attributed the profit rise to growth in assets and improvement in asset quality and liability mix.
The committee includes the CEO of the Capital Market Authority and officials from the finance ministry.
Etihad will take delivery of 18 aircraft this year that include 10 Airbus aircraft and eight Boeing planes.
The Qatari lender is looking to finalise the transaction in the next few months.
The firm said last year that it planned to sell a minority stake in its regional operations as a part of a restructuring program to lift its valuation.
The investments will mainly target equity stakes in private companies as well as other asset classes including real estate or infrastructure.
Gulf Capital floated approximately 40 per cent of its holding in Gulf Marine Services on the London Stock Exchange earlier this month.
Qatar Financial Centre said it has accepted an enforceable undertaking from RBS to establish a “remedial action plan.”
Etihad’s chief executive confirmed that the initial loan of $40 billion to Air Serbia will be converted to equity.
The company has given no details of the timing or size of the listing.
The stake in Romatem is PineBridge’s second investment in Turkey and its third deal in the Middle East.
TAQA said that the impairment did not affect the company’s ability to continue operations or service its debt.
Branson was looking for potential Middle East investors for his $1.7 billion cruise ship project, according to media reports.
The company is looking at deals in healthcare and education.
Trading in shares of Amlak was suspended in November 2008 as credit markets dried up.
The five-year deal will be only the fourth Kangaroo transaction from a Middle Eastern bank.
Net profit in 2013 was 46.2 million dinars ($164.1 million) compared to 33.7 million dinars a year earlier.
The non-agreement on the structure and the valuation of the deal were the primary reasons to call off the merger, a statement said.
The Saudi index, which includes several large petrochemical companies, eased throughout last week as oil prices retreated.
Foreign investors now hold 13.7 per cent of Dubai Investments’ shares out of the total 20 per cent allowed, bourse data showed.
The company will issue as many as 110.3 million new shares with an over-allotment option of 16.5 million additional shares.