Ambassador for the UK’s financial sector wants to see more women at senior management and board level.
An agreement will see the exchanges share expertise and develop human capital.
The branded credit and debit cards will introduce a new rewards programme for users.
Ray Ferguson joins the ABC Group after working with Standard Chartered for 28 years.
Dubai’s inflation rate rose month-on-month by 0.49 per cent in January, driven by housing and utility costs.
The new listing could revive the struggling platform, says senior lawyer.
The emirate borrowed the money five years ago and the debt is due to mature next month.
Net profit in the three months to the end of December was 14 million Kuwaiti dinars ($49.7 million).
Islamic Development Bank (IDB) has picked seven lenders to arrange meetings with fixed income investors.
The Kingdom will also provide Pakistan a credit facility of $125 million for the import of urea.
The plan will see 24,260,000 new shares offered to shareholders at a price of QAR18 per share.
Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.
The firm will list 30 per cent of its shares on the Kingdom’s stock exchange.
Foreigners currently own two percent of the bank’s shares.
Patrick Delivanis replaces Klaus Froehlich, who is relocating to Frankfurt for a senior investment banking role.
GMS plans to sell new shares worth $100 million, as well as an undisclosed number of shares currently held by private equity backers.
The developer, which launched several new projects last year, said its total value of sales in Dubai for 2013 was Dhs12 billion.
The bank’s growth in 2014 will be fuelled by the company’s entry into the Moroccan and Libyan markets and expansion in Tunisia.
Du’s new loan will replace two existing debt facilities.
Al Sager, deputy group CEO at National Bank of Kuwait, replaces Ibrahim Dabdoub who is retiring after three decades.
Rashed al-Baloushi, CEO of the Abu Dhabi Securities Exchange, did not specify a timeframe for the proposal.
At present, nationals from GCC countries can own up to 49 per cent of Deyaar’s shares while foreigners from outside the GCC have been prohibited.
Emaar Properties is expected to report its earnings in the coming days.
The global financial crisis and political instability dented Bahrain’s banking sector but will a recent wave of M&A activity burn around its fortunes?
The loan, which was initially provided by four banks, is now being offered to other lenders interested in joining the deal, according to sources.
Oman relies on oil and gas for 87 per cent of its budget revenue.
The GCC’s young population, economic well-being and a steadily rising GDP per capita will boost retail banking.
The amount represents a compound annual growth rate (CAGR) of nearly 12 per cent.
Profit rose on the back of gains from the acquisition of Sorouh and handover of residential units.
The maturity is part of a $1.75 billion, two-tranche bond which the fund sold in 2009.