Gulf countries have stepped in to help Egypt since the ouster of Islamist President Mohamed Mursi last year.
The majority of UAE residents (84 per cent) surveyed said that their rents increased at some point in 2014, according to price comparison website MoveSouq.com.
Mobily announced it had cut profits for 2013 and the first half of 2014 by a combined SAR1.43 billion because of accounting errors.
The opening is timed to coincide with the 2014 Formula 1 Etihad Airways Abu Dhabi Grand Prix.
The deal is Abraaj’s fourth investment into Southeast Asia’s food and beverage industry.
Brent crude futures have fallen 27 per cent since the start of July and 12 per cent in the last month.
Drydocks World will offer offshore marine and operational management solutions for the upcoming island.
The accident took place on Wednesday near Sudair area some 250 km (156 miles) north of Riyadh.
A total of 1.25 million subscribers put up a total of SAR310.7 billion for the 300 million shares offered to retail investors.
The country has undershot its budget plans repeatedly in recent years as political disputes have delayed budget approvals.
The offer is higher than a rival bid of 56 pounds per share from Pioneers Holdings announced on Tuesday.
Boeing’s future narrow body craft is likely to be composite and could be slightly bigger, the CEO revealed.
New regulations will cap the price increase for health services offered by the private sector at 4.22 per cent, the Dubai Health Authority said.
Airline boss admits failings of 787 programme.
In a video message broadcast on state television, a frail-looking Qaboos offered greetings to Omanis on the occasion of his birthday, which falls on Nov. 18 and is celebrated in Oman as a national day.
There were a total of three IPOs in the MENA region during the third quarter with the Emaar Malls Group (EMG) listing being the largest in 2014, the report said.
The statement from the bank was issued following a Bloomberg News report about RBS hiring PricewaterhouseCoopers to sell its Middle Eastern corporate loan book.
Etisalat owns 27.5 per cent of Mobily, which on Monday cut its profits for 2013 and the first half of 2014 by a combined SAR1.43 billion ($381.2 million), citing accounting errors.
Post the sale, the founder of Dainese will retain a minority stake in the company and will lend his expertise in its operations, Investcorp said.
Subsidies and transfers accounting for nearly 20 per cent of annual expenditure in Abu Dhabi, according to the IMF.
A strong dollar, on a seven-year high against the Japanese yen, kept investors away from safe-haven assets.
Barclays and Citigroup are the joint global co-ordinators for the bond sale.
Regional airlines recorded a passenger demand growth of 15.8 per cent in September 2014, compared to a year ago, said IATA.
The Saudi index tumbled 3.5 per cent to 9,785 points on Tuesday, its biggest drop since Oct. 16 .
He said the first would be a multibillion-dollar project related to the power sector in partnership with a Middle Eastern group.
The African nation hopes to get shipments as early as next year to use in generating power.
An armed group killed at least eight people in an overnight attack on Shi’ite Muslims.
Brent crude oil futures sank more than $2 a barrel on Tuesday to a four-year low of $82.32.
The clashes in al-Qassim province north of Riyadh happened less than 24 hours after gunmen shot dead five people in eastern al-Ahsa district.
The loan will have a lifespan of between seven and eight years and will have an amortising structure, the sources said.