Despite an overall decline, Q4 2014 saw growth in total M&A transactions in the Middle East and Africa region.
Normal operations are expected to resume by later on Thursday afternoon, the spokesman said.
Dubai’s equities index rose 3.1 per cent while shares in bourse operator Dubai Financial Market surged 6.6 per cent.
If approved, Gulf investors will be allowed to own up to 100 per cent of Drake and Scull’s shares.
The company said that it will pay a dividend of QAR1.1 riyals ($0.30) per share for 2014.
Middle Eastern air cargo carriers also saw a 17.1 per cent increase in capacity in November, IATA said.
The storm is forecast to last several days, threatening further disruption in Lebanon, Syria, Turkey, Jordan, Israel, the West Bank and the Gaza Strip.
Terrorism experts said the hooded gunmen appeared to have carried out their attack methodically.
Saudi Arabia said in a statement via its official news agency that it denounces this “cowardly terrorist act”.
The company declined to comment on exactly how much the cut would be or when it would be implemented.
The bank said that it recommended a cash dividend of SAR0.5 per share ($0.13) for the second half of 2014.
The Capital Market Authority said that Saudi British Bank could issue one bonus share for every two shares held.
The minister said on Wednesday that the Oman’s budget assumed oil prices would average $75 per barrel this year.
Borouge is a joint venture between state-owned Abu Dhabi National Oil Company and Austria’s Borealis.
A possible merger of the Abu Dhabi Securities Exchange with the Dubai Financial Market has been discussed on and off for years.
The company said that its contracts were based on fixed rates which had an average life of between three and five years.
The Abu Dhabi and Dubai stock markets have dropped sharply in the past several months as the slide in global oil prices has burst speculative bubbles in equities.
The Abu Dhabi Financial Centre will have its own administration, court system and tax incentives to attract banks and companies from around the world.
Qatar’s 283-seat aircraft was officially unveiled to international media and dignatories in Doha today.
Online job postings in Banking, Finance, Services and Insurance (BFSI) saw the largest growth, rising by 27 per cent, the index showed.
The Gulf airline also purchased rights for four additional planes, bringing the combined value of the deal to $2.46 billion when exercised.
Dubai’s bourse, which had suffered more than others and fallen 8.6 per cent this week, added 0.8 per cent in a broad recovery.
Crude oil prices have plunged more than 55 per cent since June, when benchmark Brent traded above $115 a barrel and U.S. crude above $107.
Diar, which had been Al Khaliji’s largest shareholders, moved 61.9 million shares in Qatar’s sixth-largest bank to QIA.
The company made a net profit of SAR200.8 million($53.5 million) in the fourth quarter.
Suhail bin Mohammed al-Mazrouei also said that the UAE would not panic over low prices and the market would eventually stabilise itself.
The blast appeared to target a group of students outside the college,
The witnesses said protest marches in Sheikh Salman’s district of the capital, turned violent, with security forces firing bird-shot and tear gas at the demonstrators.
Shareholders controlling 59.91 per cent of the company’s shares had agreed to sell at 89.86 pounds per share, Bisco Misr said in a statement.
Brent crude fell as low as $51.23 a barrel on Tuesday, its lowest level since May 2009.