A government source had previously said the negotiators were considering a payment of around 235 million Egyptian pounds ($33 million).
Kufpec is responsible for exploration, development and production of crude oil and natural gas outside Kuwait.
Emirates’ bottom line was hit by runway upgrades in the first six months of the 2014, resulting in modest growth of eight per cent.
Emirates and Qatar Airways have signed financing facilities with banks to purchase new planes.
Credit Agricole, Dubai Islamic Bank, Emirates NBD, HSBC, National Bank of Abu Dhabi, Noor Bank and Standard Chartered are the arrangers for the sukuk sale.
Accumulated losses on GFH’s balance sheet had been reduced by $134.4 million under the measure.
The central bank clamped down on derivatives trading in 2008 as Kuwaiti banks were hit hard by the debt problems of local investment firms.
The sukuk pricing was last revised to 210 basis points, plus or minus five bps, over midswaps, after being marketed initially at 220 bps over the same benchmark guidance.
Abraaj Investment Management will begin buying shares of Bisco Misr on Thursday and aims to complete its purchases by December 17.
Adel Mohammad al-Roumi said that the company has fulfilled all the technical and legal requirements to list on the bourse.
The money will help Arcapita to make investments in the Gulf region as well as in international markets including United States, Asia and Europe, it said in a statement.
Pricing guidance for the five-year sukuk is in the area of 225 basis points over midswaps, a document showed.
The majority of regional financial professionals also expect bonuses to increase when compared to last year, finds survey.
Jadwa plans to partner with real estate developers in Saudi to select and execute projects on behalf of clients.
The five-year offering received investor orders worth SAR2.43 billion.
Investment Dar has been embroiled in litigation over a stake in Boubyan Bank, which it sold to Commercial Bank of Kuwait in 2008.
The recently-opened Al Etihad Credit Bureau collates bank data on people’s credit histories.
The firm has set initial price thoughts in the area of 237.5 basis points over midswaps for the sukuk, which is expected to price on Tuesday.
Inflation in the OPEC member, which pegs its riyal currency to the dollar, eased to an annual 2.6 per cent in October from 2.8 per cent in the previous month.
Dubai’s tax-free benefit strategy is becoming eclipsed by the rising costs of housing and education, a new study says.
The Capital Market Authority previously said that the Saudi market will open to direct investment sometime in the first half of 2015.
The central bank had sent a notice to all treasury managers informing them that it no longer objects to Kuwaiti banks dealing in derivatives with foreign banks if they are in line with the regulations.
The Dubai-based theme park developer is offering 40 per cent of its shares to investors, with each share priced at Dhs1.
Price indications have yet to be confirmed, the document said on Monday.
With the price of Brent crude oil now below $80 a barrel, down from around $115 in June, the Saudi government may post a budget deficit next year.
The loan book on a gross basis has risen about eight per cent during nine months of this year.
Dow Chemical announced last week that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures.
Several Western nations warned Russia of further sanctions if it did not withdraw troops and weapons from Ukraine.
The index will monitor the level of intellectual property rights protection in the emirate by gauging satisfaction levels among the business community for the existing laws.
The bank did not disclose how much debt would be converted, however 118.61 million new ordinary shares with a value of $0.8431 per share would be issued to IFC subject to regulatory approval.