Bond issuance from Qatari borrowers has been rare in the last 18 months.
FGB, the third-largest lender in the UAE by assets, reported a 13 per cent rise in Q4 net profit in January.
A proposal by Qatar’s Investment House for a QAR750 million IPO of an agricultural firm has been shelved by regulators.
The bank is borrowing from financial markets again as it recovers from a debt restructuring.
Mobily on Wednesday said it had swung to a full-year loss in 2014, according to audited results.
GCC economies should rethink their monetary policies and the long-term sustainability of their currency pegs to the U.S. dollar, he said.
The plunge in oil prices is not hurting liquidity in the banking system, Rasheed al-Maraj said.
The lender reported a 424 per cent rise in fourth-quarter net profit.
Yasir al-Rumayyan resigned from the bank last week after heading the business since the start of 2011.
Order books for the bond tap have crossed $500 million, as per the document.
Dubai’s stock index fell 0.8 per cent as most stocks declined.
The sale would be in accordance with Basel III banking rules and the final amount and currency of the offering would be decided by the board at a later date.
The UAE has an extremely low home insurance penetration rate with just six per cent of the population insured against emergencies, experts say.
The state-owned company might use some of the proceeds from a $1.5 billion long-term loan for its expansion plans.
The bank made a net attributable profit of $36 million for the last quarter of 2014.
Ihab Hinnawi had been chief executive of Jordan’s Umniah, an operator which is 96 per cent owned by Batelco.
If Brent crude stays at its current level of around $60 a barrel in the coming year, some believe Kuwait could run a budget deficit.
Net profit in the three months to Dec. 31 was KD14.3 million.
Sources said the deal could close by the end of the first quarter.
Its original debt deal was signed in 2011 and covered around KD1 billion.
The potential deal is the latest sign of consolidation after the start of merger talks in 2013 between Bank Dhofar and Bank Sohar.
Abu Dhabi Commercial Bank (ADCB) will meet investors in Europe, it said.
Arqaam has offices in five countries in the MEA and offers brokerage, asset management and corporate finance advisory services.
Brent oil traded below $59 per barrel as U.S. crude inventories were expected to hit record highs.
The company plans to offer up to 15.8 million new shares representing 15 per cent of its ordinary share capital.
Nakilat made a profit of QAR201.6 million in the last quarter of 2014, up from QAR176.5 million a year earlier.
Sources said the loan would be structured as a revolving credit facility, giving Aramco flexibility to opt when it wants to withdraw cash.
Banks in the UAE are much stronger than they were during the financial crash of 2008, the chief executive of Dubai’s largest lender said.
The majority of employees expect a pay rise of five per cent while only a fraction of employers are set to award that level of increase this year.
The lender said last month that it was mulling options for raising up to $300 million of capital at the earliest opportunity.