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.
The airline said that almost half a million passengers have connected to its in-flight wi-fi since Emirates launched the service three years ago.
Three masked men opened fire at a group of citizens belonging to the Shi’ite muslim sect as they were leaving a building, state news agency SPA reported.
The company did not identify the parties but stressed that no final agreement had been reached and no binding commitments had been made.
Kuwait has said it would ship around two million barrels of crude oil a month to Egypt, giving it priority as a buyer ahead of sales from storage into the Mediterranean market.
The social networking website is tapping in on its recently introduced video features to attract more advertising revenues.
Madrid-based Parques Reunidos will operate the two theme parks coming up within the bigger Dubai Parks & Resorts Complex.
The levelling-off in the market is however prompting investors to explore other asset classes, said the JLL survey.
French hospitality giant confident about region’s outlook and identifies eight key tech areas
KIPCO made a net profit of KD10.1 million ($34.8 million) in the three months to Sept. 30, up from KD8 million in the same period of 2013, it said in a statement.
The bank said that despite attracting sufficient attention for the transaction from investors, the bond issue was cancelled due to “legislative and technical issues”
Competitive pressures and signs of moderating demand slowed growth.
China has appointed clearing banks for Taiwan, Singapore, London, Frankfurt, Paris, Luxembourg and Seoul in the past two years.
QIA, estimated to have around $170 billion, and state-owned CITIC Group signed an MoU to launch the 50-50 investment fund.
New resort means the luxury chain can now target upscale leisure travellers
Brent crude fell towards $84 a barrel on Tuesday, after top oil exporter Saudi Arabia cut prices to the United States.
H. E. Mohammed Bin Jarsh’s predictions also included a shift to membrane technology for water production.
The fund is best known for European investments including the acquisition of London department store Harrods.
Employment creation across the UAE’s non-oil private sector accelerated, with almost 17 per cent of firms recruiting new staff.
CEO Wolfgang Prock-Schauer will be replaced by Stefan Pichler on February 1, 2015.
The 382-metre high tower comprises 474 residential units and is the main feature of the World Trade Center Abu Dhabi project.
Other bidders for the contract included China State Construction Engineering Corporation and Arabtec.