Pioneers, a financial firm that already owns 25 per cent of Arab Dairy, is in a bidding war with Lactalis for Egypt’s Arab Diary.
Middle Eastern air cargo carriers also saw a 17.1 per cent increase in capacity in November, IATA said.
The storm is forecast to last several days, threatening further disruption in Lebanon, Syria, Turkey, Jordan, Israel, the West Bank and the Gaza Strip.
Dubai’s bourse, which had suffered more than others and fallen 8.6 per cent this week, added 0.8 per cent in a broad recovery.
Shareholders controlling 59.91 per cent of the company’s shares had agreed to sell at 89.86 pounds per share, Bisco Misr said in a statement.
Brent futures edged up early on Tuesday but traded below $54.
The guards were killed in a slight border skirmish when attackers shot at the patrol near Arar.
The explosion left a hole in the wall of the building but no fatalities were reported.
Rouhani’s call is in line with his preference for a greater public say on strategic matters, traditionally vested with the Supreme Leader Ayatollah Ali Khamenei.
Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost four years of instability.
Saudi Arabia closed its Baghdad embassy in 1990 after the late Iraqi dictator Saddam Hussein invaded Kuwait.
The High Court in Cairo ordered a retrial last week on the grounds of procedural flaws in the trial.
Three journalists are expected to remain in jail until they appear in a new court for retrial, a defence lawyer was quoted as saying.
Oil prices have collapsed this year as the OPEC opted to maintain the same level of output despite a supply glut.
No one claimed responsibility for the suicide bombing, but it resembles previous attacks carried out by al Qaeda in the Arabian Peninsula (AQAP).
Abraaj did not give a reason for its withdrawal from the bidding process, but said the orderly and transparent process had underlined growing investor interest in Egypt.
The Es Sider terminal and nearby Ras Lanuf stopped working three weeks ago when fighting broke out between rebel groups and government forces.
Dubai’s index tumbled 5.0 per cent as most stocks declined.
Libya is surviving on a mere 128,000 barrels per day from fields connected to the eastern port of Hariga, an oil official said.
Output from Libya remains at a fraction of the 1.6 million barrels a day it produced prior to the 2011 ouster of leader Muammar Gaddafi.
Dubai’s index fell 0.7 per cent after jumping 2.6 percent on Sunday.
UAE-based private equity firm Abraaj has been battling Kellogg since last month, when the U.S. group scuppered its deal to snap up Bisco Misr.
The CEO of one of the world’s largest and oldest private banks gives his insight into the evolving world of wealth management, potential acquisition targets, and his plans for the Middle East.
Although Russia has invited opposition groups to participate in peace talks it did not specify which groups were invited.
The speed of the urbanisation process has put additional stress on social services and infrastructure in a region already deeply vulnerable to climate change.
While cloud computing is expected to grow in the Middle East and Africa, concerns about security are pushing against that trend.
The International Monetary Fund expects Iran’s economy to expand 1.5 per cent in 2014.
Oil, gas and petrochemicals is the most favoured industry in the region, writes Suhail Masri, VP of Sales at Bayt.com.
Gulf states agreed in November to end a dispute with Qatar over its promotion of “Arab Spring” revolts.
Iraq’s oil minister Adel Abdul Mahdi did not specify the form of intervention that OPEC should adopt.