The Omani bank plans to use the proceeds from the sale to fund credit expansion and its foray into Islamic finance.
Majid Al Futtaim has begun choosing banks to arrange investor meetings ahead of a second bond issue.
The Gulf state is looking to increase it’s stake in China’s stock and bond markets along with ADIA.
Residential rents rose between four to 13 per cent in the two Saudi Arabian cities, says a new study.
The investment company, which plans to launch an IPO, raised Dhs100 million from the sale.
The free zone has repaid the Islamic loan five months early and consequently received a rating upgrade from Fitch.
Contracts have been signed for the construction of projects in Ras Al Khaimah and Khor Fakkan.
Qatar plans to buy four hotels from Starwood for around $940 million, according to French media reports.
The new pipeline is expected to end the UAE’s dependence on the shipping route that Iran has threatened to block.
The UAE and Qatar have not been upgraded to emerging markets status by index compiler MSCI.
The number of Lebanese visitors staying at Dubai’s hotels rose two per cent year-on-year during Q1 2012.
Although the stock market is down 14 per cent from this year’s high, investors are positive on earnings.
First four months of the year see the sultanate’s revenue jump by 40 per cent to 4.6 billion rials.
Prominent opposition lawmaker resigns calling the court’s ruling ‘a coup against the constitution’.
The construction company will use the amount to refinance existing debt and fund expansion.
The wealthier GCC states had planned to create an aid fund to assist Bahrain and Oman combat social unrest.
Dubai’s flagship airline is looking at plans to lease aircraft in a deal with DNA2 and Goldman Sachs.
The luxury hotel chain group has specific discussions going on in Mumbai and Delhi, its chairman has said.
The Suisse bank returns to court today in lawsuit over alleged failure of payment in $10.7 billion Zain deal.
The country has adequate financial resources to bridge its budget gap, a senior minister has said.
The Canadian hotel operator announced that it will open its first resort in Dubai by mid-2014.
The amount will be partly used to construct a fuel pipeline from Jebel Ali to the Dubai Airport.
UAE contractor Drake & Scull International has secured a series of MEP contracts in Oman.
The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.
The Qatar-based telecommunications firm promotes Ahmed Al-Derbesti to chief operating officer.
Kuwait’s ruler has suspended the parliament for one month amidst rising political tension in the country.
The Gulf state is starting investor meetings this week for a planned dollar-denominated bond issue.
The Islamic mortgage lender picks ADCB, Emirates NBD and UBS for meetings on asset-backed Sukuk.
The Dubai-based airline announced that it has repaid its Islamic bond on maturity date.
Crown Prince Nayef’s funeral was attended by members of the al-Saud ruling family and heads of Arab states.