The Kuwait Investment Authority said it would offer its stake in the firm to the public in the first half of 2015.
The firm is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy.
Al Tayyar said quarterly sales rose 22 per cent year-on-year.
The Kuwait Investment Authority (KIA) is planning to offer its stake in Kuwait Investment Co in the first half of 2015.
New Dhs500 million runway enables airport to target more premium travellers flying on widebody aircraft
Ooredoo Kuwait has slipped to third in terms of mobile subscribers in its domestic market.
The man, coming from Liberia, was transiting at Dubai and was suspected of having the virus after suffering from diarrhea.
eyaar, one of the companies worst hit by Dubai’s property market collapse in 2009-2010, made a quarterly profit of Dhs78.5 million.
DIC has been selling down its portfolio of assets to service its debt, most recently selling German packaging company Mauser for $1.72 billion.
Under the contract, the first phase of an expansion of the master gas system, SEPCO will install two booster gas compressor stations.
Yas Mall, developed by Aldar, is set to open in November and will feature over 370 retail and F&B brands.
Waha, which has a stake in New York-listed AerCap Holdings, had assets totalling Dhs6.5 billion ($1.8 billion) in June this year.
Failure to resolve the GCC’s air traffic congestion problems will negatively impact Dubai’s aviation dependent economy, says the air traffic manager.
The official Saudi news agency said that 13 men had exploited Saudi territory to form a terrorist cell seeking to carry out a terrorist operation against American forces in Qatar and Kuwait.
Saudi Arabia’s largest listed developer plans to spend over SAR1 billion on projects in 2015.
The bank’s chief executive said there were a number of options available to boost its capital reserves but it would choose the cheapest way to boost the ratio at the time it chose to act.
The Bollywood theme park, featuring five movie themed areas, is part of the upcoming Dubai Parks & Resorts project.
Funds raised from the issue would be used for general business purposes, the company said.
Switzerland, Singapore and China were ranked as the top three expat destinations worldwide.
The bank made Dhs676.8 million of net profit attributable to the owners of the bank in the three months to September 30.
The company’s new projects will mostly target mid-income buyers and tenants, CFO Greg Fewer said.
NCB, which is currently undertaking the largest ever IPO in the GCC, made $498.4 million in the three months to September 30.
Emirates NBD and Abu Dhabi Commercial Bank posted strong third quarter results.
Al Worood Academy Private School will be shut down for grave negligence after a four-year pupil died after being left in a school bus.
The lender made a net profit attributable to equity holders of Dhs1.02 billion.
ENBD’s earnings have been given a lift in recent quarters by a resurgence in the Dubai economy.
The private equity firm has been in exclusive talks for months to buy a controlling holding in the restaurant group.
The investment firm aims to write-off of $327.9 million of its losses through a capital reduction.
Currently, around 25 per cent of the firm’s funds come from Asia and the Middle East.
The company made a net profit of SAR232 million ($61.8 million) in the third quarter, up from SAR229 million in the corresponding period of 2013, according to a bourse filing.