Doha Bank’s asset expansion was more than 20 per cent last year and will continue to grow, its CEO said.
An Indian lender will be granted a UAE licence in return, according to reports.
The measure is now up 43.9 per cent this year and has tripled since the start of 2013.
The lenders may need to increase their capital next year by $412 million each to abide by expected central bank regulations.
The operator did not say when it would issue the sukuk.
If all the applied stressed scenarios materialise, the banking system will need $201.3 million to recapitalise five deficient banks.
Combined profits of Islamic banks broke the $10 billion mark for the first time at the end of 2013
The lender received approval from the UAE central bank 10 days ago, confirms CEO.
The firm saw a rise in fees from its asset management, investment banking and brokerage businesses.
The developer said on Monday it would talk with international investors on Tuesday ahead of a potential sukuk.
Dubai’s index fell 5.5 per cent on Monday, its biggest drop in eight months.
GFH will reduce the nominal value of its shares by 13.8 per cent to $0.265 per share from $0.3075.
The decline trims its 2014 gains to 44.1 per cent as 18 stocks fell by more than five per cent.
The capital measures will increase the bank’s Common Equity Tier 1 ratio and help the German lender expand its investment banking business.
As a growing number of GCC firms eye public financing, Andrew Marshall, head of executive reward, Hay Group ME, explores the relationship between executive pay and company performance.
Germany’s flagship lender is preparing a multi-billion euro capital increase.
It will be ICBC’s fourth branch in the Gulf Arab region after Doha, Abu Dhabi and Dubai.
The sukuk will enhance the bank’s Tier 2, or supplementary, capital.
Under the new rules, joint-stock companies need annual profits of five per cent of their capital, instead of the previous 7.5 per cent.
The Dubai and Abu Dhabi benchmarks are up 54 and 17 per cent respectively this year.
Nationalisation goals should be explained in companies’ expat hiring processes, says HR expert.
The UAE’s market regulator, the Securities and Commodities Authority, has been liberalising securities rules since 2012.
For some stocks, such as DP World, NBAD and Ooredoo, the expected inflows will be more than 10 times bigger than the average daily trading volume, predict experts.
Natixis currently has around 40 staff in Dubai, as well as a small representative office in Egypt.
Hopkins spent 18 years at Standard Chartered including as CEO for Europe.
70,000 workers moved between employers in the UAE last year, according to the Ministry of Labour.
The UAE and other Gulf states promised more than $12 billion in loans and donations to support the Egyptian economy after Mursi’s removal.
The scheme is part of a strategic plan for Qatar’s financial sector developed by the country’s three regulatory bodies.
The three-year sponsorship deal will allow Arabtec to have access to specific rights of the use of Manchester City brand.
The decline was partly offset by an increase in revenue from its hospitality and rental portfolio.