The Dubai-based contractor said is planning a series of acquisitions and mergers.
Badawi was arrested in June 2012 and charged with cyber crime and disobeying his father.
Airbus has said tests are going well on its new lightweight, medium-sized jet, developed at an estimated cost of $15 billion.
Omantel attributed the profit rise to a 29 per cent increase in wholesale revenue.
The next round of senior-level negotiations is due to take place next week in Vienna.
The budget hotel rooms span 26 sqm, with prices around Dhs300 a night
The IPO will be divided into two sections and conducted as a book-build offering, the statement said.
The company will supply pre-programme management consultancy services and staff.
The group will launch four new projects in the UAE and Saudi Arabia by 2015, officials said.
Zain did not explain why it had done the deal but its chief executive said last year that the Kuwaiti telco wanted to retain majority control of the subsidiary.
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 JV will see parcel lockers for the collection of e-commerce purchases setup across the region.
The hotelier is currently mulling six projects in Dubai, says chairman.
The 206 room, five star property will be located at the Saraya Bandar Jissah complex
The Kingdom’s stock market saw five initial public offers of shares in 2013 worth around $506 million.
Tesco frozen, dry grocery, organic food and FMCG products will available during the first stage of the rollout, the retailer said.
The company’s profits rose on the back of gains from the sale of investment properties.
The six storey property is set for a 2015 completion.
The Middle East is expected to benefit from the high rate of outbound travel spend by Asian travellers, a study says.
The deal is part of an agreement by Barwa to sell assets worth a $7.1 billion to Qatari Diar.
Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers’ failure in 2009 left debts estimated at more than $7 billion.
The value hotel brand plans to supply over 1,750 new hotel rooms and serviced residences.
Increasing supply is set to intensify the challenge to maintain hotel’s RevPar levels.
The project includes the redevelopment of the former international airport in Hellenikon, Athens.
The country’s economy is predicted to grow 2.1 per cent this fiscal year, finds poll.
Oil prices are set to drop to $106 per barrel in 2014 and $101 next year from around $108 now.
State-linked firms are likely to repay obligations ahead of schedule.