Abraaj did not give a reason for its withdrawal from the bidding process, but said the orderly and transparent process had underlined growing investor interest in Egypt.
The purchase will be financed through a syndicate of Saudi banks, to be announced later and conditional on Takween shareholders’ approval, a statement said.
Oman has been considering a range of spending cuts and tax rises, including a levy on the remittances of foreign workers.
The Es Sider terminal and nearby Ras Lanuf stopped working three weeks ago when fighting broke out between rebel groups and government forces.
Sheikh Ali Salman, head of the al-Wefaq Islamic Society, was arrested on Sunday after leading a protest rally against last month’s elections.
Supply from OPEC averaged 29.98 million bpd in December, down from a revised 30.25 million bpd in November, according to a survey.
The DFM General Index tumbled 5.4 per cent, the steepest retreat since December 16.
Passenger traffic related to Russia and other countries in the Commonwealth of Independent States plunged 18.2 per cent from a year earlier in November, Dubai Airports said.
The fuel retailer has slashed the price of diesel by an additional 20 fils to Dhs3.10 per litre as of December 30.
The identity of the buyer of CBK’s holding in Boubyan was not immediately clear.
Songbird’s management earlier this month said an offer from Qatar undervalued the London based-developer.
The start-up phase will involve testing equipment at the plant, which has annual production capacity of 4,000 tonnes, a statement said.
The Indonesian Navy spotted objects suspected to be an emergency door and underwater objects resembling a plane, a senior official said.
Unnamed government official denies comments on social media about the government mulling a reduction in public expenditure.
The bank said that it will give a dividend of 35 halalas per share, down from 80 halalas from the same period last year.
Dubai’s index tumbled 5.0 per cent as most stocks declined.
Libya is surviving on a mere 128,000 barrels per day from fields connected to the eastern port of Hariga, an oil official said.
U.S. assistance could include air, surface or underwater detection capabilities, said Rear Admiral John Kirby, the Pentagon press secretary.
The 2015 budget is around 23.44 per cent larger than the previous year, a senior official said in a statement.
The Indonesian search team suspects the plane is under water with no signal detected from the emergency local transmitter yet.
The facility is located in Saudi Arabia’s Jubail Industrial City.
The verdict was announced by the chief prosecutor of terrorist crimes who said that the three were among 12 people charged with a bomb attack in February that killed the policeman.
Output from Libya remains at a fraction of the 1.6 million barrels a day it produced prior to the 2011 ouster of leader Muammar Gaddafi.
The firm sold off its 100 per cent stake in the hotel to a UAE-based investment firm for $95 million.
After a two-hour closure, all diverted flights have proceeded to Abu Dhabi and delayed outbound flights have begun departing, a statement said.
Dubai’s index fell 0.7 per cent after jumping 2.6 percent on Sunday.
The announcement follows a previous declaration of January 1 being a paid holiday for all employees in the Emirates.
Etihad Airways diverted 15 inbound flights to five other airports in the region including Dubai World Central and Muscat.
The retailer plans to open eight new stores in the Kingdom over the next 24 months, the company’s managing director said.
Greste’s brothers, Mike and Andrew Greste, told reporters in Australia they did not believe their brother would be released before the appeal.