The expected amount to be collected from this tax will range between 3.5 billion pounds and 4.5 billion pounds, Egypt’s finance minister said.
Energy prices in Egypt are among the lowest in the world, and the government spends more than a fifth of its budget keeping them down.
Emaar said the loan is repayable in seven years and carries a profit rate of 1.75 per cent over the London interbank offered rate (Libor).
Shareholders owning the company’s stock at the end of trading on July 1 will qualify for the dividend, the company said in a statement.
The tax is part of the first phase of income tax reforms in the country expected to bring in 10 billion Egyptian pounds.
The Saudi businessman and his Kingdom Holding Company invested $250 million for a combined stake of 2.5 per cent in the Chinese online retailer.
Only 20 per cent of the funds surveyed expect to increase their allocations to UAE equities in the next three months.
The new loan replaces an existing facility worth $980 million which was raised in 2011 and was secured against Dubai Mall.
Bahrain’s decision could influence regulators in other Gulf states such as the UAE and Qatar that have not yet clarified their stance.
The regulator also granted Samena a waiver in relation to the price it was paying for the RAK Ceramics shares.
The move is in line with the UAE’s Vision 2021, which calls for an effective dispute settlement mechanism to attract more business to the region.
A separate document from lead arrangers showed Etisalat chose Deutsche Bank, Goldman Sachs, HSBC and Royal Bank of Scotland to arrange the offering.
Foreign ownership is usually limited to 25 per cent in publicly listed firms.
Dubai-based GFH Capital, where David Haigh was previously the deputy CEO, said his arrest was not related to the Leeds sale.
Etisalat is 60 per cent owned by the United Arab Emirates.
Acquisitions are expected to make up a smaller portion of revenue growth value for the current fiscal year, but companies are upbeat about M&A volume growth, according to EY.
Ma’aden had earlier this month said it was seeking shareholder approval for a capital increase.
Abraaj said it had bought a stake in out-of-school education provider KPN Academy, without disclosing the purchase price.
The listing aims to fulfill a contractual agreement made when the port opened in 2009.
The Jeddah headquartered company aims to increase Sphinx’s revenues to $63.2 million this year from $55 million in 2013.
Emaar said on Monday it would list up to 25 per cent of its malls business on the Dubai Financial Market.
The firm said it had received regulatory approval for the listing, which will take place on Dubai Financial Market (DFM).
Doha’s index has risen 26.5 per cent so far this year.
Dr. Shetty is the owner of money transfer service UAE Exchange, which has over six million customers in 30 countries.
The amount will be allocated via joint investments with state-backed private equity fund the Russian Direct Investment Fund.
National Bank of Abu Dhabi, First Gulf Bank, Emirates NBD and Abu Dhabi Commercial Bank have issued kangaroo bonds this year.
The developer attracted a final order book of more than $1 billion for its five year sukuk.
Doha Bank’s asset expansion was more than 20 per cent last year and will continue to grow, its CEO said.
An Indian lender will be granted a UAE licence in return, according to reports.
The measure is now up 43.9 per cent this year and has tripled since the start of 2013.