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.
The ‘Priceless Arabia’ programme offers MasterCard holders special offers on luxurious products and services across the MENA region.
The investment fund, in partnership with USAA Real Estate Company, bought an office building in Houston.
Dubai’s index lost 5.4 per cent last week over worries of a U.S. military strike in Syria.
He will be replaced by Ahmed Abdul Rahim, currently general manager, as acting head.
Despite a surge in capital outflow, the rupee slide will not significantly damage the UAE economy.
Stephen Evans, SCB’s head of private banking for Europe, Middle East, Africa and South Asia, reveals why Dubai is set to become a global private banking hub.
Dubai’s index was down as much as 7.5 per cent in the morning on concerns of a possible escalation of Syria’s civil war.
The Middle East has around 62 per cent of investment opportunities in the region, Frost & Sullivan whitepaper estimates.
The DFM crashes for a second day in a row as a U.S. strike on Syria looks more likely.
The Sheikh claimed he helped the bank become lead arranger on a $9 billion asset sale by Kuwaiti telecom operator Zain.
The Syrian chemical weapons crisis has sparked fear among Dubai investors.
The zone is seen as a challenge to neighbouring city state Dubai, which is the top financial centre in the region.
As regional confidence improves, Standard & Poor’s is looking to increase its presence in the region.
HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position.
China’s Renminibi is touted to be a top trading currency along with the Euro and US dollar.
The Dubai-based developer has $2.2 billion debt maturing in 2015.
The lender also named a new chief executive of the Middle East and North Africa.
The regulators will supervise fund managers operating between the Dubai International Financial Centre and Europe.
The UAE lender seems to be ignoring impending regulations by the Central Bank to cap mortgages at 80 and 75 per cent.
New India, long buried since the crash, may see 2013 as its resurgent year. Can India overcome corruption and political hurdles to embrace greater global liquidity and a pick up in investor sentiment?
Oman became the last country in the GCC to adopt Islamic finance in December 2012.
The proceeds will be used by the lender for general business purposes.
Ali Asghar’s departure effectively means Lazard has no senior bankers in Dubai.
The $1 billion power plant will offer 33.4 million existing ordinary shares at a price of OMR1.59 per share.
Following the launch of a new ‘University pages’ feature, LinkedIn aims to target high school students.