Almost half of them – 31 – are international banks, all located in Dubai, says study by Insight discovery.
The transaction will price at 130 basis points over the three-month London interbank offered rate.
GEMS has hired Morgan Stanley Inc, Credit Suisse and Abu Dhabi Islamic Bank to arrange the sale.
Salah Nooruddin will join GFH’s board of directors following the stake acquisition.
Abu Dhabi’s stocks dropped by 0.9 per cent on Monday but Dubai fell 2.8 per cent.
The social media company’s share price soared in last week’s New York Stock Exchange debut after a $1.8 billion initial public offer.
Qatar’s high business optimism rates show that economic diversification is gaining pace.
The bank made Dhs1.2 billion in the nine months to September 30 up from Dhs899 million in the corresponding period last year.
Amiri, who quit just seven months ago, replaces Mohammad Zaqout who was fired in October.
Shari’a complaint pension funds are on the rise as people switch from conventional to Islamic banking.
Emad Mansour was recently the chief executive of Doha-based Qatar First Bank.
Rising international demand for infrastructure and investment project financing is likely to stimulate growth in the UAE, Qatar and Saudi Arabia.
Standard Chartered has around $300 million exposure on the loan, while Citi has the rest.
The smartphone maker abandoned plans on Monday to sell itself sparking a 16 per cent drop in its share price.
The bank also reported a year to date net profit rise of 33 per cent on the same nine-month period last year.
The biggest businesses in the Kingdom, valued by market capital.
The Bahrain company bought high-end offices and retail space in greater Chicago, Los Angeles, Minneapolis and New York.
DFM made a net profit of Dhs82.8 million in the three months to September 30, compared with a net loss of Dhs1.7 million in the same period in 2012.
The study found that organisations are wasting time in delivering reports owing to a geographically diverse workforce.
The UAE central bank plans to restrict the amount of exposure banks can have to the debt of government-related entities.
With the number of UAE smartphone users on the rise, opportunities for mobile retail is growing.
Citigroup and Deutsche Bank are joint bookrunners for the offering.
Dubai’s exchanges have so far listed $12.5 billion of sukuk and the total is expected to reach $16 billion by year-end.
The UAE lender plans to set up eight banking hubs in major cities and five franchises in key markets.
The American bank is targeting clients looking for advice on complex transactions that require global expertise
UAE expats have one of the lowest levels of disposable income in the world despite higher salaries.
UAE bank predicts a boom in the retail sector next year through smart banking initiatives.
The UAE’s current foreign ownership limit of 49 per cent is satisfactory and there is an expectation that it will be relaxed in coming years.
The fund has a stake worth about $1 billion in Bank of America, while its Samsung stake is worth between $200-$300 million.
The lender reported profit of Dhs1.3 billion for the first three quarters compared to Dhs970 million in the same period last year.