Net foreign investment in-flow reached Dhs2.1 billion last month despite market volatility, DFM said.
The sharia-compliant mortgage lender proposed in June to make an initial down-payment of 20 per cent while the remaining debt will be paid over 12 years.
Dubai’s main index is up 3.1 per cent while Arabtec jumps 8.7 per cent ahead of a briefing scheduled for after the close on Wednesday.
The second-largest lender in Qatar bought a 74.25 per cent stake in the Turkish bank last year.
The Dubai index jumped 3.2 per cent on Tuesday as Arabtec, which had plunged its 10 per cent daily limit early in the session, surged to close up 10.3 per cent.
Arabtec has issued a string of statements saying it will protect shareholders’ rights, but it has not so far publicly addressed the strategy and ownership issues.
A deal could value the company at about $5 billion.
The market has matured to a level capacity although rents continue to increase, says CEO
The index recovers to stand 1.1 per cent higher at 3,987 points, bouncing back above the 200-day average.
This is the first time that the index has dropped below the 200-day average since December 2012.
The joint venture will invest in direct private equity opportunities in African firms with a focus on consumer driven sectors.
The emirate’s index plunged 4.4 per cent on Monday, bringing its losses from a multi-year peak hit in May to 27 per cent.
Experts suggest that the land seized by the government from STC is worth between SAR1.36 billion and SAR2.83 billion.
Increasing dependence of the GCC states on oil revenues poses a rising credit risk, a new survey by S&P says.
The Dubai index reached a three-month closing low of 3,943 points, bringing its losses from a multi-year peak hit in May to 27 per cent.
The firm said the facility would be used to refinance existing debt and to finance planned new real estate projects.
Abraaj bought a controlling stake in KES Power, the majority shareholder in K-Electric, in 2009.
Abu Dhabi Fund for Development will provide finance to construct a 6 MW solar power plant in the city of Freetown in Sierra Leone.
Dubai’s index is now down 27 per cent from the multi-year peak hit in mid-May, though it is still up 17 per cent year-to-date.
Atheeb sold a building and two plots of land to an unidentified buyer, according to a company filing to Riyadh’s bourse.
Boosted by billions of dollars in aid from Gulf Arab countries, Egypt’s 2013/14 budget deficit was set to shrink from some 14 per cent the year before.
Talal Said Marhoon al-Mamari was previously chief financial officer of the company.
EFG Hermes is one of the biggest investment banks in the Middle East.
The survey by PwC found that 75 per cent expect an increase in funding for infrastructure and capital projects over the next 12 months.
Waha Capital bought a 20.56 per cent stake in National Petroleum Services for $76 million.
The Dubai builder’s shares have fallen 59 per cent from May 14’s record close.
Italian designer Roberto Cavalli was hoping to receive a 450-million-euro ($612 million) offer from Investcorp by a June 30 deadline.
No purchase price was given by the bourse filing in Dubai.
The five-year bond is part of the lender’s $1 billion Tokyo Pro-Bond Market Programme, it said in a statement.
Arabtec slips 2.4 per cent and Dubai’s benchmark is up 0.5 per cent, after rising as much as 1.0 per cent early in the session.