Sources told Reuters last month that the firm could raise between $750 million and $1 billion from the senior unsecured Reg S/Rule 144A issue.
India and Iran agreed in 2003 to develop a port at Chabahar on the Gulf of Oman, but the venture has made little progress because of Western sanctions on Iran.
The spot requirement comes even after the country added 800,000 barrels per day (bpd) of capacity in two new refineries over the last two years.
Dubai Airports also said construction would begin later this year on expansion of the passenger terminal at Dubai World Central.
SACO, a popular supplier of building tools and mechanical equipment in the kingdom, offered 2.88 million shares to individual investors.
The firm made a net profit of $12 million in the three months to March 31, down from $45 million in the prior-year period.
A stronger US dollar also weighed on the dollar-denominated commodity.
About 2.15 million tourists visited the country in the first quarter, up 6.9 per cent from a year ago.
Employment continued to increase but at a slower pace.
A single foreign investor will be able to hold no more than 5 per cent of any listed company, while total foreign ownership of a firm will be limited to 20 per cent.
The statement comes as the UN prepared a plan to set up an air-bridge to bring humanitarian workers into the country.
The group is looking to open a hotel in London in order to attract GCC tourists travelling to the UK.
The carrier also confirmed that it would add a second daily service to New York from March 1, 2016.
Qatar is expected to create the most number of jobs in the Gulf this year as it readies for the World Cup in 2022.
The Dubai-based channel also quoted Adel al-Jubeir as warning Yemen’s dominant Houthi group against exploiting any truce in the country in its favour.
The budget assumed an oil price of $60 a barrel, forecasting a budget deficit of about BD1.47 billion for 2015.
Jet fuel prices will be cut by 15 halalas per litre at Riyadh and Jeddah airports and by 20 halalas per litre at other airports.
At least nine new Hyatt-branded hotels are expected to open across the GCC by 2017A
The deal covers the sale of 24 Dassault Aviation-built Rafale fighter jets.
IHG was named the the Best Hotel Brand Worldwide at the Business Traveller Middle East Awards 2015.
The airline’s president Tim Clark states that its success is making Emirates a “scapegoat.”
Burgan made a net profit of KD17.54 million ($58.2 million) in the first quarter of 2015.
New official report says a total of 13.2 million tourists visited Dubai last year.
Sophie Rayer, director of Marketing EMEA & LATAM, Brightcove, tackles some of the key hurdles in video marketing.
The deal will help Abyat expand into the wider Gulf region, with Al Muhaidib Group benefiting from an increased presence in the sector.
ADIB made a net profit of Dhs450.8 million ($122.8 million) in the first quarter of 2015.
The state news agency said that the authorities resolved the situation using “appropriate standard procedures” after landing at the base.
The company said the delay would not increase the cost of the plant.
The project will house more than 2,000 hotel apartments and residences.
Saudi Arabia denied that a major ground operation was under way by the anti-Houthi coalition it leads but declined to comment on special forces.