Dubai World would be able to meet a $4.4 billion loan maturity in May 2015 and to make some other repayments early, a senior official said.
Bahrain has weathered the most recent bout of volatility in global financial markets, the IMF said last week.
The 2009 collapse of Algosaibi’s Bahrain unit, The International Banking Corp, and Awal Bank, owned by Saad Group, left an estimated $22 billion bank debt.
The Islamic lender plans to expand its retail and wholesale banking business locally and internationally over the next five years.
The increase, which may happen this year, could be “pure capital” or perpetual bonds or both, its chief executive said.
The facility replaces the previous $505 million facility secured in 2011.
Executives from 13 companies listed on the DFM and NASDAQ Dubai will meet investors on April 28 and 29 in London.
African countries are catching the eye of international investors as growth decelerates in India, China and Brazil.
The federal credit bureau will help financial institutions in the UAE check the creditworthiness of consumers.
The carrier’s annual loss widened by 16 per cent to OMR113.34 million in 2013.
The budget is “the largest in the history of the state of Qatar,” Finance Minister Ali Sherif al-Emadi said.
Buyout firm GrowthGate Capital plans to take Able Logistics Group public on the Dubai Financial Market around the end of 2014.
Kuwait’s declining oil export receipts were due to modest global demand and lower oil prices in 2013, a new report says.
Dubai Holding Commercial Operations Group reported a 2013 net profit of Dhs3.3 billion.
Khalid Elgibaly, formerly the chief executive of Standard Chartered in Pakistan, will take on the role.
EFG-Hermes said the one-off charges totalled 761 million pounds, including 616 million in the fourth quarter alone.
The Dubai developer has appointed Barclays, Citigroup, and Deutsche Bank as joint global co-ordinators.
Survey finds that 47 per cent of the funds expect to raise their equity allocations to the Middle East over the next three months.
Abu Dhabi’s Etihad Airways is in talks to acquire 40 per cent of Italy’s struggling flag carrier.
The lender attributed the profit rise to growth in assets and improvement in asset quality and liability mix.
The committee includes the CEO of the Capital Market Authority and officials from the finance ministry.
Etihad will take delivery of 18 aircraft this year that include 10 Airbus aircraft and eight Boeing planes.
The Qatari lender is looking to finalise the transaction in the next few months.
The firm said last year that it planned to sell a minority stake in its regional operations as a part of a restructuring program to lift its valuation.
The investments will mainly target equity stakes in private companies as well as other asset classes including real estate or infrastructure.
Gulf Capital floated approximately 40 per cent of its holding in Gulf Marine Services on the London Stock Exchange earlier this month.
Qatar Financial Centre said it has accepted an enforceable undertaking from RBS to establish a “remedial action plan.”
Etihad’s chief executive confirmed that the initial loan of $40 billion to Air Serbia will be converted to equity.
The company has given no details of the timing or size of the listing.
The stake in Romatem is PineBridge’s second investment in Turkey and its third deal in the Middle East.