In January, the monopoly said its annual profit for 2013 rose 19 per cent to 3.04 billion riyals from a year earlier.
Around 22 per cent of Abu Dhabi employees and 33 per cent of Dubai employees will see a rise in housing allowances this year.
ADCB has chosen Bank of America-Merrill Lynch, Barclays, ING and JP Morgan Chase to arrange the transaction.
Consumer price growth in the world’s top oil exporter has been easing gradually since hitting a peak of 4.0 per cent in April 2013.
Lenders joining the facility came from the Gulf, the United States, Europe, Asia and Australia.
The company posted a 10.3 per cent rise in fourth-quarter profit in January, mainly due to a rise in the value of its investments.
Only 16.18 per cent of the firm is currently held by non-Qatari investors, according to bourse data.
The investment firm made a net profit of $5.2 million in the three months to December 31.
The Islamic lender recorded a net attributable profit of $32 million in the three months to December 31, 2013.
The lender made a net profit of $8.9 million in the fourth quarter of 2013.
The Dubai developer announced earlier this year that it would repay Dhs4 billion of its bank debt in 2014, ahead of maturity in September 2015.
The country is mulling the imposition of tax on companies, Sheikh Hamdan cofirmed.
The sizes of the stake and details of the nature of the alliance have not been disclosed.
The fund’s largest equity investments include Emaar Properties and London-listed UAE firm NMC Health.
The cost gap for Gulf banks rated by S&P seems to be narrowing to as little as 30 basis points in the first half of 2013 from a high of 110 bps in 2009.
The region witnessed a strong rise in deal value and volume, aided by rising business confidence and improved liquidity.
Ambassador for the UK’s financial sector wants to see more women at senior management and board level.
An agreement will see the exchanges share expertise and develop human capital.
The branded credit and debit cards will introduce a new rewards programme for users.
Ray Ferguson joins the ABC Group after working with Standard Chartered for 28 years.
Dubai’s inflation rate rose month-on-month by 0.49 per cent in January, driven by housing and utility costs.
The new listing could revive the struggling platform, says senior lawyer.
The emirate borrowed the money five years ago and the debt is due to mature next month.
Net profit in the three months to the end of December was 14 million Kuwaiti dinars ($49.7 million).
Islamic Development Bank (IDB) has picked seven lenders to arrange meetings with fixed income investors.
The Kingdom will also provide Pakistan a credit facility of $125 million for the import of urea.
The plan will see 24,260,000 new shares offered to shareholders at a price of QAR18 per share.
Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.
The firm will list 30 per cent of its shares on the Kingdom’s stock exchange.
Foreigners currently own two percent of the bank’s shares.