Omantel did not give any timing for the issue in the bourse filing.
Ali al-Naimi also said that OPEC will not take sole responsibility for propping up the oil price.
The deal consisted of a hybrid murabaha and wakala structure with a two-year lifespan.
The company made a net profit in 2014 of Dhs4.68 billion last year, up from Dhs3.30 billion in 2013.
The tender covers infrastructure services relocation, shoring works and excavation at Al Khail Avenue.
The joint venture firm’s first project in Saudi Arabia will be an 11 million square metres project called Riyadh Investment Park.
Consular operations in Saudi Arabia were first suspended last week over heightened security concerns.
Saudi Arabia recalled its ambassador to Stockholm earlier this month, after Sweden ended a long-standing defense cooperation agreement with the Kingdom.
Mohammed al-Madi said that the current price drop was because of fundamental supply and demand factors, not any non-economic policies.
The project is expected to provide 2,000 megawatts of solar energy to Egypt.
Arabtec posted an unexpected Q4 loss of $25.7 million, blaming non-recurring general and administrative expenses.
Qatari plans to spend about $200 billion on transport, electricity generation, water supply, housing and other projects between 2013 and 2018.
The tournament is held in mid-December every year and was earlier hosted by the UAE in 2009 and 2010.
Non-recurring general and administrative expenses jumped 75 per cent to Dhs749.9 million last year.
The two countries will focus on issues such as space policy and regulatory developments, space security and space science cooperation.
The Kingdom has been ramping up the number of machines drilling for oil and gas.
The winter tournament is expected to last 28 days, instead of the 32 for last year’s finals in Brazil.
The funds represented about of fifth of the total amount of so-called ‘black money’ that the authorities suspect was illicitly stashed abroad.
With a number of hospitals and clinics starting up in the GCC, the war for medical talent has begun.
The financing from a group of Korean institutional investors is structured as a 15-year, fixed coupon full-payout lease.
The firm is bidding for the second phase of Etihad Rail project, a senior official said.
Rental returns from the eight-storey tower in Al Warqa will be allocated to the Al Noor centre in Dubai.
Kuwait’s oil minister said on Thursday that OPEC had no choice but to keep output steady.
The luxury aircraft will be used to promote the upcoming action flick, ahead of its launch in April.
The website has a constantly growing user base with 76 per cent of social media users in the Middle East and North Africa region using it regularly.
Factors largely beyond its control have dulled Ooredoo’s lustre, and its profits for the past two quarters have missed analysts’ forecasts by a wide margin.
Ali al-Omair said the OPEC has to keep output unchanged to sustain marketshare.
Alabbar is managing the company’s business on a daily basis and is fully committed to it, Emaar said in a statement.
An increasing number of Filipinos in the UAE are opting to buy property in their home country.
The annual general meeting of the lender gave approval for the move in accordance with Basel capital requirements.