The fund had revenue of Dhs91.2 billion ($24.8 billion) for the six months ending June 30, 2013, compared with Dhs77.3 billion in the same period in 2012.
The plan is to use bond market financing to take out a bridge loan signed in connection with the acquisition.
The new FOL would be 40 per cent and aims to improve the liquidity available to foreign investors.
Agility made a profit of 11.24 million dinars ($40.04 million) in the first three months of 2014.
SEBI was examining whether the share sale agreement between the two airlines amounted to an acquisition of joint control in the Indian airline.
Emirates made a profit of Dhs3.3 billion for the fiscal year ending March 31, it said in a statement.
Kuwait’s regulator noticed GFH stock traded in high volumes in May 2013, the Islamic investment firm said in a statement.
The IPO will be divided into two sections and conducted as a book-build offering, the statement said.
The full functioning of the Gulf Customs Union has been partly delayed by disagreements over a formula on how to divide customs revenues between the states.
The firm said it would pay 10 per cent of claims as an upfront payment and would target a total recovery for creditors of between 40 and 60 per cent of their due cash.
Further privatisations of state-owned companies in Oman were also unlikely to take place in 2014, its financial minister said.
KIPCO’s first-quarter revenue rose 19 per cent to 137 million dinars.
The Kingdom’s stock market saw five initial public offers of shares in 2013 worth around $506 million.
Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers’ failure in 2009 left debts estimated at more than $7 billion.
Oil prices are set to drop to $106 per barrel in 2014 and $101 next year from around $108 now.
BPCL operates a 240,000 bpd Mumbai refinery in western India and a 190,000 bpd Kochi refinery in the south of the country.
Ultimatum a sign of the Capital Markets Authority (CMA) tightening its oversight on corporate disclosure norms in the Gulf State’s financial sector.
Concerns that the KAEC Financial District would not be competitive have halted development.
Dubai accounts for a quarter of output of the UAE’s economy.
The firm also confirmed that it planned to sell off some assets.
The slowdown would underline the government’s main challenge of creating enough jobs for the country’s growing population of nationals.
Iyad Abdalrahim was formerly CFO of Arabtec’s construction unit.
One of the options under discussion envisages hiving off a large chunk of Alitalia’s $1.11 billion of debt into a separate company.
Under the plan to woo Etihad, the new firm would take on the majority of Alitalia’s debt and around 3,000 staff, a local paper reported.
The issue would be part of a 500 million rial ($1.3 billion) sukuk programme which the bank’s shareholders approved in March,
The IPO was expected to mark the merger of the Abu Dhabi, Dubai indices and help kick start new listings in the UAE.
Chief executive Osman Sultan was bullish on the company’s prospects despite a slow net profit growth of 4.5 per cent in the first quarter.
The bank’s chief executive declined to name the acquisition target.
Accad joins Ahli, a medium-sized lender, from Kuwait’s Gulf Bank where he resigned as CEO last year.
The lender said that it continued to grow its loan book in Q1 2014 while maintaining the structure of its balance sheet with high levels of liquidity and capital.