Abdul Aziz Al Ghurair says new data body will highlight the number of debt-burdened consumers in the UAE.
The five-year-old Islamic bank was assigned its first credit ratings earlier this week.
Mashreq chief executive Abdulaziz al-Ghurair had said in February that he was optimistic about the bank’s performance this year.
Total assets of UAE banks grew eight per cent to Dhs1.9 trillion in the first six months of this year, while net profit during the period was Dhs13.6 billion.
Christos Papadopoulos will lead the bank’s expansion in sharia-compliant banking.
Transactions in the Middle East between July 2012 and June 2013 dropped to nine deals as compared to 13 in the previous year.
The loan is related to Dubai Holding Investment Group’s acquisition of a 9.9 per cent stake in U.S. hedge fund Och-Ziff Capital in 2007.
The lender is reducing nearly 10 per cent of its workforce as part of a restructuring, according to sources.
Dubai’s index jumps five per cent to 2,441 points in early trade
Qatar sent Egypt $3 billion in May of which it converted $1 billion into three-year bonds.
Experts said that the Islamic finance industry is estimated to grow rapidly and more than double in the next four years.
The transportation technology company received the investment in a round led by STC Ventures.
Islamic lender Al Salam will exchange 11 of its shares for each BMI Bank share.
The bank will serve as the club’s official partner in the UAE and plans create a range of Barca-themed products for local fans.
Officials are still discussing the issue, says head of the Capital Market Authority
The debt, to be issued next week, will include three-year and five-year tranches.
Hasan Abdullah Ismaik’s stake in the construction company is worth about $159 million based on Wednesday’s closing share price.
The facility will be arranged by Abu Dhabi Commercial Bank, Emirates NBD and Standard Chartered.
The funds were supposed to be converted into three-year bonds.
The index fell 3.7 per cent to close at 2,397 points, its lowest finish since July 11.
The potential sale may impact up to 280 employees, a source said.
Ziad Awad, a veteran investment banker with nearly 20 years of experience, is setting up Boardroom Metrics Arabia.
The index, which fell as much as 5.2 per cent is now down 2.6 per cent.
The average built asset wealth per person across Qatar, Saudi Arabia and the UAE is $112,842, the study found.
The new fund will provide investors access to the GCC’s growing bond market.
The $100 billion-plus sovereign fund is scouting for opportunities in Asia and the United States.
The new credit facility covers about half of a $500 million five-year loan which the fund had signed in August 2008.
Dubai World paid $375 million for a 50 per cent stake in Fontainebleau Miami Beach in 2008.
Dubai International Financial Centre currently has 979 registered companies with a total workforce of 15,000.
Peter England, previously a senior banker at Malaysia’s CIMB Group, will replace Graham Honeybill.