The report, however, warned that GCC governments’ capital spending levels could dip if oil prices continue to fall
The interest payments which IPIC said on Thursday it would be paying are on bonds belonging to 1MDB Energy Limited And 1MDB Energy (Langat) Limited
Investcorp’s latest deal complements other companies in its portfolio that have similar interests
The bank reported a net profit of QAR 3.11bn in the third quarter of this year
Both companies will bid for solar power projects that will be tendered at national and state levels, a statement said
Dubai’s stock index was up 1.0 per cent at 3,694 points after an hour
The refinery, the country’s largest is now operating normally, KNPC said
The UAE has been ranked as having the world’s second most developed Islamic economy ecosystem following Malaysia
Usman Ahmed will also head the bank’s Islamic investment banking division
The publicly traded certificates will be used to invest in mid-sized Mexican businesses that have strong growth potential
New EY report urges GCC governments to relook at existing pension fund models to ensure they are sustainable
The official said the bank would grow by “mid-single-digits” in 2015 and its capital was sufficient for this level
The offering from Emirates SembCorp Water & Power could raise up to $350m
Assets shrank 11.2 per cent from a year earlier to their lowest level since February 2013
After its conversion the Real Estate Development Fund will offer financing in cooperation with the private sector, a statement said
The company earned around Dhs 2.6bn in net profits during the first half of this year
The growth in the economy has been attributed to the country’s diversification efforts
The official said that liquidity in Qatar’s banking system remained ample and that demand for T-bills was still strong
Survey finds 53 per cent of fund managers expect to raise equity allocations to the UAE in the next three months
The Gulf state recently introduced a new law designed to facilitate public-private partnerships
The bank is hiring a head of sanctions for the Middle East, North Africa and Pakistan
Inflation also expected to fall to around 2.7 per cent, report finds
The fund also announced the opening of its first office in the country
Under the deal, a portion of the mixed-use retail development will be funded by ADCB
UAE consumer inflation rose 4.9 per cent year-on year in August while it rose 0.9 per cent month-on-month
Gulf currencies pegged to the US dollar have come under pressure but Fitch said that the decision to remove the pegs will most likely be political
Emirates NBD did not provide any more details of the potential offer
The certificates, rated BB by Standard & Poors, were issued by its unit Damac Real Estate Development Ltd
The real estate entities rated by S&P have “sufficient headroom in their credit ratios” to handle the slowdown, the agency said
The bank aims to help facilitate investments from the Gulf region into Africa, primarily Nigeria, says CEO