Dubai launched a major drive to develop its Islamic business sector in January this year.
The entertainment and hospitality firm could be valued at about $680-$690 million, sources said.
The consortium plans to launch the new lender in the fourth quarter of 2014.
The deal is scheduled to price on Tuesday so that trading can begin on Wednesday.
The case arose from one of Citigroup’s earlier efforts to shore up its capital base.
The deal is expected to be worth between 1 billion euros ($1.4 billion) and 1.5 billion, sources say.
Government spending next year is estimated to rise by 11 per cent year-on-year, with salaries and wages accounting for 37 per cent of the total.
Leaders from the Islamic finance world converged in Dubai for the Global Islamic Economy Summit.
The proceeds of the facility will be used to further grow and strengthen its core business, said OSN.
Matteo Stefanel was head of special situations group, managed accounts and real estate at Dubai-based Abraaj.
Farhad Irani, EVP and head of retail banking group at the UAE’s Mashreq, spoke to Gulf Business on Mashreq’s performance in 2013 and the state of the banking market.
Dubai expats’ housing allowance levels lag when compared to the sharp rise in rents and inflation.
The UAE and other GCC countries continue to have low taxation polices which has helped boost trade in turn.
The UAE is expected to spearhead digital banking in the GCC, which is being seen as low on digital banking readiness.
Most expatriates would prefer to invest a sudden windfall in property, finds survey.
Aleem Khan previously ran the structured trade finance business for StanChart MENA and Americas.
The developer will hold investor meetings in the UAE, Singapore, London, Hong Kong and Switzerland.
The exchange has said it hopes to resume trading as usual on Wednesday.
The loans would come on top of investments by Kuwaiti companies in a number of sectors.
Middle East accounts for the majority of thought leadership produced globally on emerging markets.
Under the new rules, trading in companies with losses of more than 75 per cent will be suspended for one day.
The five men and one woman, all residents of New York City, were accused of being members of an unnamed global cybercrime organisation
The DFSA sent a first notice to the German bank in July asking for information on wealth management clients.
Banks who violate the new rule should be fined and suspended, says Abdulaziz al-Ghurair, head of the UAE Banks Federation
The lender expects to obtain banking licences in China and South Korea and is also considering expanding into Indonesia and London.
Dubai’s successful Expo bid could result in a tug of war with Doha for experienced regional talent.
HSBC’s fund will be open to firms having an annual turnover of 30 billion dirhams or more.
The cash will be used to fund the Umm Wual development at Waad Al-Shimal City
A royal order to standardise salaries and grades across the public sector is projected to cost OMR800-900 million.
The Islamic lender’s net profit rose to KD39.3 million.