Officials from both the regions held extensive talks recently to discuss an agreement based on liberated skies.
The transaction, which requires approvals from the central banks of Kuwait and Egypt, stands to benefit both lenders.
Artillery fire and air strikes hit the town of Maydee along Yemen’s border with Saudi Arabia in Hajja province.
The regulators refused to take any action while they review whether the Gulf carriers received unfair subsidies.
Dunn had been president of Boeing Turkey and North Africa since July 2012 and succeeds Jeff Johnson.
The bearish run of oil prices- a key driver of economic growth in the region- has largely affected the IPO activity.
The company is investing in a new fund, which aims to address the funding gap for SMEs in the Middle East, North Africa and South Asia region.
The government made no mention of the proposed peace talks, but instead called for military aid for groups fighting the Houthis and for international intervention.
The loan was priced at 100 basis points over the London interbank offered rate, with the participation of nine institutions from the GCC.
The statement comes as a conference of Yemeni parties convened in the Saudi capital on Sunday to discuss ways of ending Yemen’s political turmoil.
Bombings struck the rebel-held presidential palace in Aden’s downtown area.
Prices were supported by concerns that conflict in Iraq and Yemen could disrupt production or supply routes.
Explosions could be heard near Aden’s airport and the districts of Khor Maksar and Crater, a witness said.
It would be the first bond issue by ICBC through its DIFC branch, underlining the bank’s growing business in the Middle East.
The five-day humanitarian truce began on Tuesday to distribute aid to the millions deprived of food, fuel and medicine by weeks of fighting.
The US leader said that the rare summit with Gulf Arab leaders was “very frank and honest”.
Mursi and his fellow defendants were convicted for killing and kidnapping policemen, attacking police facilities and breaking out of jail.
Tension over U.S. policy toward Tehran, Syria and the Arab Spring uprisings will loom over the meetings.
The money would be in addition to another SAR1 billion the monarch had pledged, Al Arabiya said.
A military coalition led by Saudi Arabia has imposed inspections on all ships entering Yemen.
US President Obama is holding a summit with the six GCC nations to discuss Iran, Yemen and other security issues.
The five-day humanitarian truce in Yemen came into effect at 11 pm on Tuesday.
Residents said three air strikes hit a base for army units loyal to the Houthis in the north of the capital.
The additional service will increase Emirates’ total number of weekly flights serving Lebanon to 21.
Yemen’s Houthi militia said tribesmen shot down the aircraft.
Saudi Arabia has offered a five-day ceasefire starting on Tuesday evening to allow delivery of humanitarian supplies into the country.
The pilot of a second jet in the same squadron could not see if the pilot had ejected from the jet.
Integrated Diagnostics Holdings priced its offering of 65.2 million shares at an $4.45 per ordinary share.
However, officials did not give any time frame for VAT to be introduced or specify the likely tax rate.
A statement issued by the Houthis also asked for a political dialogue under the auspices of the United Nations to resume in order to resolve the conflict.