About 69 per cent of Middle Eastern institutional investors polled by Natixis expected to increase allocations to alternatives.
The reform allows a shareholder who does not want to or cannot subscribe to a share issue to sell the rights.
Islamic banks Al Khair and Khaleeji have set up a committee to study the feasibility of a merger.
The bank had said in March it would issue local debt as part of an adjustment of monetary policy.
The changes are expected to be implemented in six to nine months.
Kuwait, Bahrain and the UAE also make it to the global top 10 nations with the highest density of millionaires.
Yield on the 91-day T-bills eased to 0.82 per cent on Tuesday from 0.87 per cent in May.
Claude Henri Chavanon replaces Alan Durrant who left NBAD recently.
Gulf Business reveals the 50 biggest banks in the UAE, Saudi Arabia, Bahrain, Qatar, Kuwait and Oman as ranked by full-year 2012 assets.
The Majid Al Futtaim group planned to partly finance the $683 million acquisition of Carrefour’s stake through a hybrid bond.
The regional PE market is still in its nascent stages, but with consolidation on the way, only the best players will survive.
The lender has repaid the remaining Dhs2.6 billion of a Dhs6.6 billion loan facility it borrowed from the government.
The deficit was lower than the BD1.33 billion initially foreseen and is equivalent to two per cent of GDP.
The Saudi company sold its stake to Hawaii-based Outrigger Hotels and Resorts.
Qatar and the UAE feature on the list of the world’s richest nations as measured by GDP per capita.
Depositors anywhere could have their money stolen at some point. Do you want to find yourself in that position?
The lender has received regulatory approval to buy a 25 per cent stake in Malta’s Fimbank.
The senior, unsecured notes priced at a profit rate of 1.535 per cent, arranging banks said.
Lloyds also said on Wednesday that it would close its business in Dubai and intended to withdraw from South Africa.
The UAE’s currency, the dirham, is currently printed overseas in countries such as the UK and France.
The non-OPEC oil exporter’s only previous international bond was a $225 million Eurobond sold in March 1997.
The International Monetary Fund forecasted Saudi Arabia’s GDP growth at 4.4 per cent, down from 6.8 per cent in 2012.
Penney, who resigned from RBS in March, will join First Gulf Bank as head of its expanding wholesale banking division.
The Kuwaiti Fund for Arab Economic Development will supply the amount in annual installments over a 10-year period.
Children’s education and travel are some of the other key expenses for NRIs in the UAE, finds new study.
The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.
The Kuwaiti index climbs 2.1 per cent to finish at 8,322 points.
The loan has been marketed since mid-March, with $1.6 billion of the $2 billion target already pledged by the eight arranging banks.
The merger between Al Salam Bank and BMI Bank will create a lender with assets of around BD1.7 billion.
Qatar Holding, along with Azerbaijan’s SOFAZ and Norges Bank Investment Management, invested $479-639 million each in VTB.