The company’s shares have plunged 42 per cent since the end of October as part of a panic sell-off in the Gulf.
Shares of three Bahraini companies are listed on DFM and accounted for one tenth of the bourse’s traded value this year.
The regulator has yet to approve Abraaj’s new offer.
The Kingdom will continue spending on development projects and social benefits in 2015, its finance minister said.
The ratings agency said that large government funded infrastructure projects will continue to drive growth in the GCC even if oil prices slide.
A wave of panic selling wiped out $49 billion of stock market value across the Gulf Arab economies on Tuesday.
The minister urged investors to base their decisions on careful analysis and act rationally.
The bank is expected to start its regular operations by the end of March 2015.
The development of oil prices is being studied by individual countries, the official said.
Dubai’s index closed 7.3 per cent lower at 3,084 points, a one-year low, while Abu Dhabi’s benchmark ended 6.9 per cent lower on Tuesday.
The company did not disclose the value of the deal or the size of its remaining stake in Integrated Diagnostics Holdings.
GCC states should rein in state spending, but in a gradual way to avoid hurting economic growth.
Hector Sants will advise the Abu Dhabi Global Market (ADGM) on the creation of its regulatory framework and its strategy.
The Dubai equities benchmark tumbled 7.7 per cent to 3,068 points, a one-year low.
The reduction is down to Aldar using some of the money due from Abu Dhabi’s government to repay debt, its CFO said.
The majority of CFOs in the UAE reported a rise in optimism despite political turmoil in the region, a new survey says.
The facility, arranged by Goldman Sachs and Qatar National Bank for B. R. Shetty, will last for 18 months, according to one of the sources.
Brent crude climbed above $62 per barrel on Monday, after hitting 5-1/2-year lows of $60.28 earlier.
New changes would cover market mechanisms and the operations of market makers.
Officials are estimating budget spending at KD19 billion in the fiscal year starting next April.
Dubai’s gauge wiped out this year’s advances as oil prices plummeted to the lowest level since July 2009.
The move comes after days of stock market falls across the Gulf region in response to slumping oil prices.
Rising cost of living and inflation are the main factors impacting the ability of UAE residents to save, a new survey says.
Despite the oil slump, the country’s wider economy is likely to be shielded by its fiscal strength, officials said.
The special cash dividend follows the successful IPO and listing of the Emaar Malls Group.
The Dubai benchmark tumbled 6.1 per cent to 3,374 points, erasing most of its remaining year-to-date gains.
Under the grant, Jeddah-based IDB will setup treatment centres in Sierra Leone, Guinea and Liberia and Mali.
It is particularly looking to expand into North Asia and mainland China and also wants to increase its presence in India.
The five-star hotel is currently owned 50 per cent by Saudi billionaire Prince Alwaleed Bin Talal’s Kingdom Holding.
Al Yah Satellite Communications Company (Yahsat) will raise around $500 million through a mixture of debt and equity, a source said.