The Qatari lender, part-owned by Qatar Holding, revealed profits last year of 243.7 million riyals.
The Abu Dhabi bank is planning a $500 million bond as an existing one to mature in 2017 yields 2.7 per cent.
The date set for banks to reduce their exposure to the government has passed with no word from the Central Bank.
As the region’s largest real estate event approaches, the man behind Cityscape Global says it will be their biggest event post-2008.
Chief Executive Al-Baker says his airline will not join British Airways as part of the airline alliance.
The global corporate is pumping funds into energy, healthcare and innovation in the Kingdom.
In partnership with Deutsche Bank, the new DIFC Forum will open up discussions on doing business in the MENA and Asia regions.
Abu Dhabi’s flag carrier is eyeing further minority stakes in global airlines in continuing bid to compete with local rivals.
Growth in the first eight months of the year at Abu Dhabi’s International Airport jumped 21.5 per cent.
The Dubai-based developer sold its serviced apartments marina asset to Eshraq Properties in the second quarter of the year.
As Qatar modernises itself for the 2022 FIFA World Cup, conservative traditionalists express concern.
Gulf Business spoke to Toby Simpson, managing director of the Gulf Recruitment Group, to find out the best way to start a new career in the hotly favoured tax-free city of Dubai.
Zabeel Investments allegedly owes $107 million to the Abu Dhabi bank which has filed for legal procedures.
The new tablet-laptop hybrid will be launched in the region next month along with the release of Windows 8.
The changes are in preparation for the UAE firm’s proposed IPO in 2013.
The publisher of the glossy will open the café in Dubai Mall later this year.
The draft budget, outlined in March, anticipates a spending increase of about 13 per cent.
Gulf Finance House will lead the purchase of the football club’s parent company, though no dates or terms are announced.
NBF will take the international bank’s seat on the UAE rate panel following Barclays’ Libor scandal.
Although no new cases of the virus have been detected so far, Saudi officials and the WHO are monitoring the situation.
A whistle-stop tour of Singapore, UAE and London as Deutsche Bank, HSBC and QInvest LLC are mandated for the Islamic bond.
The London-based investment fund has backed online fashion site Namshi just one year after it launched.
Gulf International Bank’s bond programme is 97.2 per cent owned by the Saudi government, giving a safer level of risk.
The oil exporter had petitioned the court to change the electoral boundaries, but the opposition say this would favour government-friendly candidates.
FGB has hired five banks for a new benchmark bond, according to sources.
The figure is down on previous forecasts blamed on a drop in oil production but 5.7 per cent growth is predicted for 2013-2016.
A consortium led by Saudi International Company for Water and Power (ACWA) won the major contract.
The Gulf state will help set-up a Franco-Qatari fund aimed at investing millions of Euros into depressed French suburbs.
State-owned Jebel Ali Free Zone (JAFZA) attributed the fall in H1 profit to rising costs.
Proceeds from the issue will be used for repayment, said DEWA CEO, Saeed Mohammed al-Tayer.