Abu Dhabi’s Aldar Properties plans to extend maturities on its obligations, its chief financial officer Greg Fewer said.
UAE central bank official Saif al-Shamsi said that the Emirates will continue with its currency peg to the US dollar.
The UAE has been looking to tighten regulations of its bourses ever since a steep fall in stock market earlier this year.
The main Dubai index drop almost neared its July low as panicky retail investors began selling off.
The bank is yet to decide whether to raise the amount to $250 million and whether to extend the tenor on the new facility to three or four years.
The decree said the reshuffle was in preparation for the Kingdom’s 2015 budget, which is expected to be announced late this month.
Brent crude oil fell more than $2 a barrel on Monday to a new five-year low.
Dubai Parks and Resorts will list its shares on the Dubai Financial Market on Wednesday.
The hostile move followed Songbird’s rejection of an initial $3.43 billion approach.
Dubai’s stock index edged down 0.5 per cent as most stocks declined in low-volume trading and heavyweight Emaar Properties fell 1.1 per cent.
Sheikh Maktoum led the financial services firm for the last three years and helped turn it profitable again.
Jamal al-Hazeem departure was “mutual and amicable” from the role he took up in 2010, the bank said.
A total of $18 billion was remitted abroad from the UAE in 2013, mostly through the estimated 120 exchange firms.
The transaction is in line with the company’s strategy to maximise its stakes in its subsidiaries, a statement said.
The government has enough headroom to fund its developmental projects through a healthy debt-equity mix, director-general of Dubai’s department of finance said.
Cement firms in Oman have also warned that the price rise will lead to an increase in their production costs.
Songbird Estates said the 350 pence per share offer from Qatar Investment Authority (QIA) and Brookfield Property Partners LP did not reflect the full value of the company.
Brent crude was up 0.3 per cent at $70.10 a barrel at 0840 GMT.
Waha said it would use the $532 million of funding provided by the December deal for new investments.
Sheikh Abdullah bin Mohamed bin Saud al-Thani, chairman of telecoms operator Ooredoo, has been made the CEO of QIA.
The company will use the murabaha-structured facility for capacity expansion plans in different projects.
Saudi Arabia’s index rose 0.7 per cent while other Gulf markets declined.
The firm has chosen Citigroup, Emirates NBD and Societe Generale to arrange the loan, sources said.
The company said that it will use the cash infusion to expand its business to new markets and to develop its technology and operations platform.
GFH plans to acquire established regional companies to build a broader wealth management platform, rather than offer new business lines.
The firm sold 40 per cent of its shares at Dhs1 per share to individual investors and institutions.
Brent hit a high of $71.46 a barrel on Wednesday before giving up some gains and moving close to $71.
The company has invested up to $10.6 million to raise its stake in Block C1-27, an oilfield situated in Cote d’Ivory.
The central bank will introduce new sharia governance rules to expand the internal sharia review and audit functions.
The government gets about 90 per cent of its revenue from oil exports.