Dubai’s bourse added 1.6 per cent as most stocks gained.
SABIC’s chief executive Mohamed al-Mady told reporters that the outlook for 2015 was unpredictable and contingent on oil prices.
The company made a profit of SAR45.6 million ($12.2 million) in the last quarter of 2014.
The company earned SAR4.36 billion ($1.16 billion) in the last quarter, a statement said.
RAK Ceramics said it aimed to close the deal by March 25 and that the sale of shares would be at a premium to book value.
The proposed expansion would boost the capacity of the Sitra refinery by 100,000 barrels per day, BAPCO’s CEO said.
Industry sources in Qatar said that the country was still studying the possibility of investing in Venezuela’s energy, real estate and tourism sectors.
Bank Muscat made a profit of OMR36.5 million ($94.8 million) in the last quarter of 2014.
The firm made a net profit of OMR1.7 million ($4.4 million) in the last quarter of 2014.
The carrier will sell aircraft from Sahaab Aircraft Leasing to a joint venture between South Africa’s Investec Bank and Hong Kong-based Chow Tai Fook Enterprises.
The revised bid values Arab Dairy at 363 million Egyptian pounds ($50.5 million) against $49.68 million for the latest Pioneer offer.
Solar projects having capacity to produce up to 1,800 megawatts of power are to be awarded over the next 12 months in the region.
Emaar sold a 15.4 per cent stake in its retailing unit in an initial public offer in September, raising $1.6 billion.
The decrease was the sixth straight drop in quarterly profit posted by the bank.
Wednesday’s 4.5 per cent surge in Brent crude futures was the biggest percentage gain since June 2012.
Americana, backed by Kuwait’s billionaire al-Kharafi family, operates franchises for restaurant chains around the region.
Net profit for the full year was down 30.6 per cent year-on-year to OMR40.5 million.
Net profit in 2014 was OMR163.2 million, up 7.3 per cent from the previous year.
Emaar said the pricing on the loan had fallen by 1.5 per cent.
Abu Dhabi Investment Authority is pursuing a second arbitration over its $7.5 billion investment in Citigroup in late 2007.
The lender made a net profit of SAR1.83 billion($487.6 million) in the last quarter of 2014.
The company made a net profit of SAR269 million ($71.68 million) in the last quarter of 2014.
The bank made a profit of SAR969.4 million ($258.3 million) in the last quarter of 2014.
Faisal al-Hamad was previously managing director of brokerage and research at NBK Capital.
The lender made a net profit of OMR13.2 million ($34.3 million) in the fourth quarter of 2014.
The sukuk will be launched and priced later on Wednesday, the arrangers said.
Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.
Oil slid in early Asian trade on Wednesday after touching its lowest in nearly six years in the previous session.
The firm made a net profit of SAR617.8 million ($164.6 million) in the fourth quarter of 2014.
Salah al-Fulaij had been the chief executive of NBK Capital, the investment banking arm of the bank, since 2007.