The company made a net profit of SAR89.9 million ($24.0 million) in the three months to Sept. 30.
The projects will be built over five years and will include 10 million square feet of space for innovation complexes, technology laboratories and smart buildings.
The lender made Dhs1.43 billion in the three months to Sept. 30.
Net profit for the first nine months rose 30 per cent to $376.3 million.
DFM made a net profit of Dhs153.5 million in the three months to Sept. 30.
The lender made a net profit of Dhs596.8 million ($162.5 million) in the third quarter of 2014, up from Dhs473.2 million from the same period last year.
Owing to large current account surpluses, the GCC is seen by international investors as better equipped to handle a period of rising interest rates than most areas of the world.
The fund has warned that fiscal balances across the GCC and other Middle Eastern countries will deteriorate if the policies continue to remain unchanged.
Tasnee made a net profit of SAR243.7 million ($65 million) in the three months ending Sept. 30, up from SAR226.4 million a year ago.
The bank made a net profit of Dhs552 million ($150.3 million) in the three months to September 30, up from Dhs454 million in the corresponding period of last year.
The conglomerate said its net profit was Dhs189.1 million ($51.5 million) in the third quarter, compared with Dhs161.1 million in the same period of 2013.
The company made SAR2.67 billion during the third quarter, compared to SAR2.85 billion during the same period of the previous year
Dubai’s index rose 1.8 per cent to 4,653 points as most stocks gained.
SABIC, which is 70 per cent state-owned, attributed the fall in profits to a drop in sales and other income, although its cost of financing was lower.
Oman has been considering ways to reform its costly and sometimes wasteful subsidy system, though reductions in spending would be politically sensitive
A sustained oil price decline of $25 reduces the revenue of most GCC countries by the equivalent of about eight percentage points of gross domestic product, and could therefore push many of them into fiscal deficits.
Big provisions for bad loans taken by Kuwaiti banks in the past few years have also limited profits distributed to shareholders.
Sources say that Aabar Investments is unhappy with the merger talks of Malaysia’s RHB Capital Bhd with IMB Group Holdings and Malaysia Building Society Bhd (MBSB).
The private healthcare-focused firm has made four investments in the United Arab Emirates since 2009 through its $120 million fund.
The company will finance a third of the $600 million from its own resources and the remainder via local and international banks.
Major infrastructure projects planned in Saudi will require raising annual capital expenditure above the levels of SAR150 to SAR250 million seen in past years, Khodari said.
The Kuwait Investment Authority said it would offer its stake in the firm to the public in the first half of 2015.
The Kuwait Investment Authority (KIA) is planning to offer its stake in Kuwait Investment Co in the first half of 2015.
DIC has been selling down its portfolio of assets to service its debt, most recently selling German packaging company Mauser for $1.72 billion.
Waha, which has a stake in New York-listed AerCap Holdings, had assets totalling Dhs6.5 billion ($1.8 billion) in June this year.
The bank’s chief executive said there were a number of options available to boost its capital reserves but it would choose the cheapest way to boost the ratio at the time it chose to act.
Funds raised from the issue would be used for general business purposes, the company said.
Switzerland, Singapore and China were ranked as the top three expat destinations worldwide.
The bank made Dhs676.8 million of net profit attributable to the owners of the bank in the three months to September 30.
NCB, which is currently undertaking the largest ever IPO in the GCC, made $498.4 million in the three months to September 30.