The money will be used to repay “the most difficult debts” and regurgitate the economy, said Serbia’s deputy prime minister.
Sources say the company could sell 30 per cent to 40 per cent of its Middle East business unit.
The accord demands that Syrian President President Bashar al-Assad account for his secret stockpile within a week.
Syria’s stockpile is believed to be spread over dozens of sites and include research and development centres, some of them underground.
Arabesque is due to open to investors in the first quarter of 2014 and will focus on value-based investment strategies.
Kuwait’s state news agency said the package would comprise a $2 billion central bank deposit, a $1 billion grant and $1 billion in oil products.
Christos Papadopoulos will lead the bank’s expansion in sharia-compliant banking.
Transactions in the Middle East between July 2012 and June 2013 dropped to nine deals as compared to 13 in the previous year.
Bahrain’s Sheikh Khaled bin Ahmed al-Khalifa was speaking at the start of a meeting of foreign ministers from the six GCC countries.
The new phones will be available in the US from September 20.
Salaries in Saudi Arabia are expected to increase on average by six per cent, while Oman and Kuwait’s pay rises will grow by 5.6 per cent.
Qatar tops the list as the most expensive construction market in Middle East.
Investment will help pharmaceutical manufacturer Steripharma to step up its exports to the private sector of North and sub-Saharan Africa.
iMENA Holdings and Rocket Internet have partnered to invest in the regional operations of Hellofood, a global food ordering service.
Low-cost airline has taken delivery of its second A330 which will be deployed on the the carrier’s first long-haul flight to Dubai from October
Russia has proposed that Syria hand over its chemical weapons for destruction, which could avert planned U.S. military strikes.
Militants seized Saudi vice consul Abdullah al-Khalidi in the southern Yemeni port city of Aden in March 2012.
Qatar sent Egypt $3 billion in May of which it converted $1 billion into three-year bonds.
Gulf Arab companies are boosting their investments in Africa lured by the continent’s untapped resources.
A study finds the United Arab Emirates is a happier country than the United States and the United Kingdom.
Local firms have to raise standards as they face increasing competition from international property developers, says new report.
Leaked pictures have fuelled speculation that the phone will have a built-in biometric fingerprint scanner.
The mosque, funded by the Al Maktoum foundation, is the first of its kind in Dundee.
The companies were holding talks to merge certain parts of their businesses.
The Grand Prix d’Horlogerie de Genève will showcase 70 of the finest watches in DIFC this October.
Around 40 properties in France are owned by Qataris, with total investment amounting to around $7.8 billion over the past decade, found Reuters.
The visit comes as the United States weighs military strikes in Syria.
The US President is emphasising that he only plans limited strikes on Syria to deter future chemical weapons attacks.
Saudi Arabia, like Israel heavily dependent on the United States for arms supplies, is engaged in a historic confrontation with Iran for regional influence – a contest shaped by their leading roles in the rival Sunni and Shi’ite branches of Islam.
With weeks to prepare for an attack, Assad might benefit in some ways from the delay in any strike by the United States.