HSBC and National Bank of Abu Dhabi, will each provide $60 million each to Etisalat Misr.
The UAE’s president and other leaders condemned the killings and affirmed their support to Egypt in rooting out such radical groups.
The listing followed a demerger of OCI NV’s engineering and construction business from its fertilizer and chemicals business.
The attack focused on ISIL camps, training sites and weapons storage areas in Libya, where Islamist militants have thrived amid chaos.
The president said Cairo would choose the “necessary means and timing to avenge the criminal killings”.
The Egyptians, dressed in orange jump suits, were beheaded after being forced down on the ground.
Prime Minister Ibrahim Mahlab signed MoUs with Kuwaiti companies involving projects due to start in three to five years.
The GCC states have been mulling the introduction of VAT since 2007 to broaden their revenue base.
Ex-Islamist president Mohamed Mursi is charged of endangering national security by leaking state secrets and sensitive documents to Qatar.
Kuwait’s Alghanim has acquired all operational outlets of Wendy’s in the UAE with plans to open additional stores in the MENA region over the next 10 years.
Rushaid, the deputy head of the Muslim Brotherhood in Jordan, had criticised the UAE for designating the pan-Islamic movement as a terrorist group.
GCC members urged the Council to pass a resolution, which authorises the use of military force or economic sanctions to enforce Council resolutions.
Fahmy, who is a naturalised Canadian citizen, was released on bail of $32,765 while Mohamed was released without bail.
OSN has signed a five-year partnership with the wrestling network to distribute it as a premier channel in the MENA region.
The airline chief said that the US carriers underestimated the level of competition when they signed the open skies policy in 1999.
Under Saudi guidance, OPEC decided last November not to cut output, allowing oil prices to plunge.
The IMF projected growth to reach 3.8 per cent in 2014/15 and to rise to five per cent over the medium term.
The US, France and Britain have shut down their embassies while Germany said that it will soon follow suit.
The GCC and the European Union have remained in a stalemate regarding the agreement for several years.
Last month, Houthi fighters, who had captured the capital in September, seized the presidential palace, driving the President to resign.
OPEC ministers and delegates have blamed non-OPEC producers such as Russia, Mexico and Kazakhstan, as well as U.S. shale oil production, for the oversupply in the market.
S&P cut its outlook for Saudi Arabia’s “AA-/A-1+” foreign and local currency credit ratings to negative from stable and lowered ratings of Bahrain and Oman.
The UN secretary general said that Arab countries could tackle radicalisation by promoting interfaith dialogue and being attentive to people’s aspirations.
Standard & Poor’s lowered its sovereign credit ratings on Bahrain and Oman, while lowering its outlook on Saudi Arabia.
The UAE had earlier suspended flights as part of the U.S.-led coalition conducting air strikes against ISIL.
High fiscal reserves in the GCC act as a strong buffer from global food price fluctuations, an expert said.
Mohamed Fahmy and Baher Mohamed were sentenced to seven and 10 years in jail respectively last year.
Muslim clerics also condemned the burning to death of the pilot, Mouath al-Kasaesbeh, saying such a form of killing was considered despicable by Islam.
ISIL fighters have brought large areas in Syria and Iraq under their control.
Middle East investors have began to look east as Europe’s economy struggle due to repeated fears over sovereign debt levels and weak growth indicators.