The centre is expected to facilitate greater cross-border renminbi investment and financing business and boost trade between China and the region.
The firm said in January that the cash would be used to fund the company’s general corporate needs, new developments and growth plans.
The bank made a profit of OMR43.3 million ($112.5 million) in the first quarter of 2015.
The Middle East currently accounts for 12 per cent of the bank’s global operations.
Noor Bank said its sukuk programme had been arranged by itself as well as Citigroup and Standard Chartered.
The company’s board said it would ask shareholders to vote on the matter, just a day after Bahrain’s Gulf Finance House said it was considering leaving the Kuwaiti bourse.
Net profit was $319.5 million in the first quarter of 2015, a statement said.
SWFs cut their international investment last year because of the plunge of oil prices, a report by CBRE said.
Qatar National Bank and Qatar International Islamic Bank have signed an MoU for the venture.
The lender chose Goldman Sachs, HSBC and Morgan Stanley to arrange investor meetings for the bonds.
The bank, an affiliate of HSBC Holdings, said it made SAR1.12 billion in the three months ending March 31.
The bank attributed its increase in net profit to higher total operating income.
Emiratis are the most likely to spend their bonus amounts while Indian expats are most likely to invest their bonus payments in a savings scheme, a new survey says.
The group is the franchise operator of clothing brand Mango and restaurant chains Papa Johns and Burger King in the Gulf.
A committee to oversee Islamic insurance is set to be established in the UAE by the end of this year to help standardise the sector.
Mubadala GE Capital was set up in 2009 as a 50:50 venture to invest globally in GE Capital-originated commercial finance assets.
The new African fund will focus on well-managed, mid-market firms in sectors most likely to benefit from demand driven by the rapid expansion of the middle class.
Trading in PetroRabigh was suspended by the Capital Market Authority on Sunday after the company did not commit to listing rules.
GFH did not give details of what its review would involve or say when it might be completed.
The company said that it will use the money raised to help fund its expansion.
The fund is seeking targets in Europe and the U.S., and select markets in the Far East, across multiple sectors including logistics and industrials.
The fund will offer between Dhs50,000 and Dhs5 million to start-ups and existing businesses in Dubai.
Discussions had begun with court officials in Shanghai confirmed DIFC Courts’ Registrar Mark Beer.
The suspension would remain in place until the company meets regulatory requirements on disclosure, the CMA said.
NBAD has been focusing on growing its fee-paying businesses such as wealth management as it aims to offset high levels of competition in traditional banking products.
Kothari Investment Partners is looking to appeal to a broader investment base, including ethical investors in Europe.
The syndication phase was launched on Wednesday and will allow additional lenders to join in the facility.
The deal is a first in the region for TPG, which manages about $65 billion of capital.
Palestine is in the midst of an economic crisis triggered by a row with Israel over taxes.
Apollo is the world’s third-largest alternative asset manager after Blackstone Group and Carlyle Group.