The five-year dollar bond is being issued under the National Bank of Abu Dhabi’s $5 billion programme.
The investment house filed for US bankruptcy protection after it failed to reach a $1.1 billion debt deal with creditors.
Average monthly salaries for some expatriates have gone up by more than 10 per cent this year compared to 2011.
The Bahraini investment group has taken over the GL Education Group, a UK-based education solutions provider.
The Abu Dhabi property developer, which is eyeing a possible merger with Aldar, replaced its chairman last week.
The regional unrest will continue to dampen investor confidence in the Middle East this year, according to a survey by the CFA Institute.
The strike caused by the carrier’s employees over a pay hike led to the cancellation of 10 flights within a four-hour period.
The central bank has instructed lenders to find means of reducing the debt burden of UAE nationals.
While banks in the region are returning to pre-crisis levels of profit, they have to improve efficiency, says AT Kearney.
The Tunisian government has set up a working group with Islamic finance experts to study its development in the country.
The merger talks between the two Abu Dhabi-based developers are in compliance with corporate governance, a senior official has said.
Thailand island investors on The World development have been offered a full refund.
The majority of financial executives in Dubai are planning to increase staff this year, according to a survey.
Emirates NBD requests withdrawal of Dubai Bank’s Fitch and Moody’s ratings.
The Abu Dhabi Securities Exchange has denied reports that it’s going to investigate trading patterns of Aldar and Sorouh.
The Bahraini investment company has acquired a portfolio of properties in the San Francisco Bay Area for $65 million.
According to sources, the UAE-based bank is planning to let go of its employees to cut costs. The bank has refused to comment.
Government-owned Dubai Group is currently reviewing the potential sale of the Manhattan-based property.
The bank has reportedly applied for a full commercial banking licence to expand its operations in the kingdom.
Kuwait’s sovereign wealth fund has obtained approval to initially invest up to $300 million in China’s securities market.
The region’s representatives on Forbes’ annual list of the World’s Billionaires have a combined net worth of $65.4 billion.
Healthcare provider NMC hopes to raise $250 million through the listing, and plans to use the funds for further expansion.
The 750 million renminbi bond, which matures in 2015, was 5.7 times oversubscribed, the bank said.
The parliament has voted to extend the suspension of the tax on foreign workers for another two years, according to reports.
The issuance of Islamic bonds in the region could reach over $14 billion this year because of increasing investor demand, according to HSBC.
Regional unrest might affect China’s oil input, which in turn will have a drastic impact on global asset prices, said hedge funds guru Marc Faber.
The telecoms operator reported a net profit excluding royalty of Dhs1.8 billion in 2011, a 47.8 per cent rise over the previous year.
The move makes the Abu Dhabi-based sovereign wealth fund one of the largest shareholders in Arabtec.
Total bank deposits in the UAE reached Dhs1,069.7 billion at the end of December 2011, according to the central bank.
The kingdom’s foreign trade revenue amounted to SR1300 billion in 2011 and is set to rise by 14 per cent this year.
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