Qatar sovereign fund is reportedly seeking a 15-20 per cent in the troubled Italian lender.
Changes in Saudi’s mortgage law in 2013 are expected to boost banks in the GCC’s largest domestic market.
After some difficult years, there are signs of better times ahead for the UAE banking sector.
The lender is looking for acquisition targets in Turkey, Morocco and sub-Saharan Africa.
The five-year bond was issued to Abu Dhabi’s International Petroleum Investment Co (IPIC) in 2009.
Lars Seier Christensen warns of slowdown in China and on-going concerns in the Eurozone
Around 74 per cent of Chinese investors polled said that they expected outbound M&A deals from the country to rise in 2014.
The brokerage is seeing increased interest in the three markets among Qatari investors.
The lender made a net profit of Dhs343 million in the fourth quarter compared with Dhs242.8 million in the same period in 2012.
The $450 million Islamic bond is due to mature in February 2015.
The announcement was made by Italian Prime Minister Enrico Letta, who is officially visiting the GCC.
The number of active registered companies operating within the DIFC rose 14 per cent to 1,039 last year.
The bank has mandates for arranging loans and bonds for UAE entities totaling around $15 billion, an official said.
Trading on Dubai Financial Market (DFM) was suspended because of a system malfunction
The injection will allow IBB to grow its retail operations and develop its commercial business.
The firm’s total assets grew to Dhs5.2 billion from Dhs4.4 billion a year earlier.
Net profit rose to 26.4 million Kuwaiti dinars in the three months to the end of December compared to 11.8 million dinars a year earlier.
The small Dubai team managed $425 million of assets at the end of 2013.
A bulk of local recruitment in banks is happening at graduate level, which needs to be accompanied by a sound retention strategy.
The amount raised will be used for the company’s general operating expenses and to fund some of its aircraft deliveries.
Saudi Arabia’s advisory body will rethink its decision about reducing working hours in the private sector following an appeal by some of its members.
Mohsin Nathani will replace Jonathan Morris, who has resigned from the bank for personal reasons.
The merger is being carried out through a share swap of 11 Al Salam Bank shares for every one BMI Bank share.
The company said it was recommending a five per cent bonus share dividend to shareholders for 2013.
The bank is on a hiring spree as it grows its commercial business and expands overseas.
The company made a net profit of Dhs76.4 million in the three months to December 31.
The lender made a net profit of Dhs306 million in the three months to December 31, up from Dhs136 million in 2012.
The company recorded a net income of $60.1 million in H1 FY 2014, compared to $39.2 million last year.
The UAE is expected to see inflation-adjusted GDP expand 3.9 per cent in 2014 and four per cent in 2013.
The new rules cover the operations and solvency of takaful firms.