Richard Teng, most recently chief regulatory officer at the Singapore Exchange, will be CEO of the regulator at the Abu Dhabi Global Market.
The lender reported a 79 per cent rise in third-quarter profit, beating analysts’ expectations.
There has been a 20 per cent year-on-year surge in the number of UAE residents using credit cards or loans to pay off their current debts, a new survey says.
Experts say that halal pharmaceuticals could be commercially viable due to the growing number of Muslim consumers across the globe.
The lender has received regulatory approval for the issue, which would help fund its expansion.
Amanat intends to use 70 per cent of the funds from the IPO to invest in healthcare and education.
The group is is in advanced talks to set up a university and a school as part of its strategy in expanding into education and healthcare sectors.
Banks in the UAE must change their approach in luring and maintaining wealthy customers, according to Simon-Kucher’s Dr. Jan Engelke and Matthew Jackson.
The agreement includes setting up Real museums and expanding their soccer schools around the world, as well as creating content for digital media platforms, IPIC said.
NBAD made a net profit of Dhs1.37 billion ($373 million) in the three months to Sept. 30.
Last Wedesday, the riyal tumbled unusually far beyond its peg of 3.75 against the U.S. dollar in the spot market, to as low as 3.7530.
The Sultanate introduced Islamic finance at the end of 2012, becoming the last country in the six-nation Gulf Cooperation Council to do so.
The company has picked Dubai Islamic Bank, Emirates NBD, Noor Bank and Standard Chartered for the sukuk sale, according to the document.
Zain Saudi made a net loss of SAR316 million ($84.23 million) in the three months to Sept. 30.
The developer made a net profit of QAR673.4 million ($184.93 million) in the nine months to Sept. 30
The company made a net profit of SAR89.9 million ($24.0 million) in the three months to Sept. 30.
The projects will be built over five years and will include 10 million square feet of space for innovation complexes, technology laboratories and smart buildings.
The lender made Dhs1.43 billion in the three months to Sept. 30.
Net profit for the first nine months rose 30 per cent to $376.3 million.
DFM made a net profit of Dhs153.5 million in the three months to Sept. 30.
The lender made a net profit of Dhs596.8 million ($162.5 million) in the third quarter of 2014, up from Dhs473.2 million from the same period last year.
Owing to large current account surpluses, the GCC is seen by international investors as better equipped to handle a period of rising interest rates than most areas of the world.
The fund has warned that fiscal balances across the GCC and other Middle Eastern countries will deteriorate if the policies continue to remain unchanged.
Tasnee made a net profit of SAR243.7 million ($65 million) in the three months ending Sept. 30, up from SAR226.4 million a year ago.
The bank made a net profit of Dhs552 million ($150.3 million) in the three months to September 30, up from Dhs454 million in the corresponding period of last year.
The conglomerate said its net profit was Dhs189.1 million ($51.5 million) in the third quarter, compared with Dhs161.1 million in the same period of 2013.
The company made SAR2.67 billion during the third quarter, compared to SAR2.85 billion during the same period of the previous year
Dubai’s index rose 1.8 per cent to 4,653 points as most stocks gained.
SABIC, which is 70 per cent state-owned, attributed the fall in profits to a drop in sales and other income, although its cost of financing was lower.
Oman has been considering ways to reform its costly and sometimes wasteful subsidy system, though reductions in spending would be politically sensitive