FGB, majority-owned by Abu Dhabi’s ruling family, signed an agreement with Integrated Financial Group.
Nawras had 2.51 million subscribers as of Sept. 30, up 6.5 per cent from a year ago.
Under the transaction, GEMS will be split into two entities, with the investing group buying a stake in the part of the business focussed on MENA and Asia.
The Note 4, priced at Dhs2,799, will be available from October 16, while the Note Edge will be launched later as a limited edition product.
The company is looking to invest in the GCC’s healthcare and education sector, with a focus on the UAE and Saudi markets.
In February, a Flydubai official said that the firm is looking to raise funds through a bond issue and was considering a sukuk option.
The projects include the upgrade to the country’s international airport, various tourism developments and the expansion of the aluminium smelter at state-owned firm Alba.
Last year a prosecutor said he was seeking to convict Sheikh Nimr al-Nimr for “aiding terrorists” and “waging war on God”, which carry the death penalty.
The new hotels and serviced residences will be launched over the next five years across Dubai, Abu Dhabi, Jeddah and Istanbul.
The offer period for the flotation, in which shares will be priced at Dhs1 each, will run until November 4, the company said in a statement.
Indian low-cost carrier makes second commitment to A320 neo programme
Dubai’s index added 1.2 per cent in a broad rally while Abu Dhabi edged up 0.2 per cent.
The bank made a net profit of OMR9.8 million ($25.5 million) in the three months to Sept. 30, up from OMR8.3 million in the same period of 2013.
The bank made a quarterly profit of OMR40.39 million ($104.9 million) in the three months to September 30, it said in a statement to the Muscat bourse.
The lender made a net profit of OMR3.8 million ($9.87 million) in the three months to September 30, compared with OMR3.5 million in the same period of 2013.
Kuwaiti crude for November was priced at a discount of 50 cents per barrel to Saudi Arab Medium, unchanged from a month ago and the widest in 10 years.
Al Noor has made three acquisitions in the UAE this year, including a cancer centre, and hopes to add further buys in the coming year, vice-chairman Kassem Alom said.
The bank said it made SAR1.08 billion ($280 million) in the three months ending September 30, compared with SAR998 million in the same period of 2013, according to a bourse filing.
The assailant, who was wounded in the attack and then detained, is a Saudi national who was born in the United States.
Etihad has agreed to relinquish a role in the appointment of top executives at Darwin.
Saudi Arabia, Bahrain and the UAE recalled their ambassadors to Qatar in March, accusing Doha of failing to abide by an accord not to interfere in each other’s internal affairs.
The project is expected to be completed by December 2016, the developer said in a statement.
The airlines, both battling to return to profitability, said the codeshare deal would cover 412 flights between Italy, Germany, Austria and Switzerland.
The IEA forecast that the Middle East’s net oil product exports will reach nearly one million barrels per day in 2015.
The lender made a net profit of OMR14.1 million in the three months to Sept. 30.
The five-year old horse died after sustaining a hind limb injury during a routine exercise.
Brent crude oil touched just above $88 a barrel on Tuesday – its lowest in almost four years.
The boost in third quarter revenues was mainly due to rising passenger demand and cargo growth during the summer, the airline said in a statement.
Called At the Top, Burj Khalifa SKY, the deck will be located at Level 148 and will include an outdoor terrace and a premium lounge.
Shi’ite Muslim Iran and Sunni Saudi Arabia are enmeshed in a struggle for influence across the Middle East and they support opposing sides in political disputes across the region.