The lender’s profit was boosted by strong loan growth related to extensive construction spending in Qatar.
There were no indications that the comments by deputy crown prince Muqrin bin Abdulaziz would be followed by any concrete policies against banks in Saudi Arabia.
The UAE’s official development assistance amounted to $5.2 billion in 2013, up 375 per cent from 2012.
Rising real estate prices and the Expo win are expected to boost UAE’s economic growth, says IMF.
The bank said it made 1.08 billion Saudi riyals ($287.97 million) in the three months ending March 31.
Limitless, a former property arm of Dubai World, restructured the Islamic debt facility in October 2012.
The Interim Marginal Lending Facility will allow lenders to use certain assets as collateral to swap for one-day loans.
The emirate organised its first big investor roadshow since the crisis in London.
Samsung estimated that its January-March operating profit fell by 4.3 per cent to 8.4 trillion won ($7.96 billion).
The Dubai lender provisioned five per cent of its total Dhs9 billion ($2.5 billion) exposure to Dubai World.
The 12-day offer of 275 million shares at Dhs1 each, represents 55 per cent of the company’s capital.
Lenders in the region must create effective social media strategies if they want to thrive in the future, say experts.
Advisors had been appointed last year to help facilitate a merger of the exchanges, but the idea has been discussed sporadically for years without a deal.
The majority of respondents expect investor friendly policies as India elects new government.
Emirates REIT will raise $175 million in the IPO, which was 3.5 times oversubscribed, by selling 128.68 million new shares.
The Abu Dhabi real estate developer owns a 60 per cent stake in property management firm Khidmah.
Investcorp will provide capital to Eyck, a newly established investment manager founded by Khing Oei.
Jarir made 201.3 million riyals ($53.7 million) in the first three months of 2014.
The bank made a profit of 417 million riyals ($111.19 million)in the three months to March 31, according to a bourse statement.
The bank made 1.08 billion riyals ($288 million) in the three months ending March 31.
The deal will bring it a profit of 7.5 million dinars, the firm said in a statement to the Dubai bourse.
Abu Dhabi Islamic Bank said it would acquire 110,000 customers through the deal.
GCC and India focussed investment bank expects significant interest from Indian investors this year.
UniCredit, which is one of Alitalia’s creditor banks, owns a 13 per cent stake in the airline after it took part in a 500 million euro share issue.
Etihad has finished reviewing Alitalia’s books as it considers whether to invest as much as 300 million euros via a capital increase, sources say.
The company said the shareholders approved the allocation at a meeting on Thursday.
The loan will be for 17 years and will be repaid in twice yearly instalments after a five-year grace period, Maaden said in a bourse statement.
The Dubai Financial Market’s new rules are part of broader efforts to develop Islamic business in the emirate.
Dubai’s ICD has agreed to buy about 46 per cent of Kerzner International, sources say.
Around 85 per cent of shareholders had approved the lender’s new move, the bank’s chairman said.