Experts said that the Islamic finance industry is estimated to grow rapidly and more than double in the next four years.
The transportation technology company received the investment in a round led by STC Ventures.
Islamic lender Al Salam will exchange 11 of its shares for each BMI Bank share.
The bank will serve as the club’s official partner in the UAE and plans create a range of Barca-themed products for local fans.
Officials are still discussing the issue, says head of the Capital Market Authority
The debt, to be issued next week, will include three-year and five-year tranches.
Hasan Abdullah Ismaik’s stake in the construction company is worth about $159 million based on Wednesday’s closing share price.
The facility will be arranged by Abu Dhabi Commercial Bank, Emirates NBD and Standard Chartered.
The funds were supposed to be converted into three-year bonds.
The index fell 3.7 per cent to close at 2,397 points, its lowest finish since July 11.
The potential sale may impact up to 280 employees, a source said.
Ziad Awad, a veteran investment banker with nearly 20 years of experience, is setting up Boardroom Metrics Arabia.
The index, which fell as much as 5.2 per cent is now down 2.6 per cent.
The average built asset wealth per person across Qatar, Saudi Arabia and the UAE is $112,842, the study found.
The new fund will provide investors access to the GCC’s growing bond market.
The $100 billion-plus sovereign fund is scouting for opportunities in Asia and the United States.
The new credit facility covers about half of a $500 million five-year loan which the fund had signed in August 2008.
Dubai World paid $375 million for a 50 per cent stake in Fontainebleau Miami Beach in 2008.
Dubai International Financial Centre currently has 979 registered companies with a total workforce of 15,000.
Peter England, previously a senior banker at Malaysia’s CIMB Group, will replace Graham Honeybill.
The ‘Priceless Arabia’ programme offers MasterCard holders special offers on luxurious products and services across the MENA region.
The investment fund, in partnership with USAA Real Estate Company, bought an office building in Houston.
Dubai’s index lost 5.4 per cent last week over worries of a U.S. military strike in Syria.
He will be replaced by Ahmed Abdul Rahim, currently general manager, as acting head.
Despite a surge in capital outflow, the rupee slide will not significantly damage the UAE economy.
Stephen Evans, SCB’s head of private banking for Europe, Middle East, Africa and South Asia, reveals why Dubai is set to become a global private banking hub.
Dubai’s index was down as much as 7.5 per cent in the morning on concerns of a possible escalation of Syria’s civil war.
The Middle East has around 62 per cent of investment opportunities in the region, Frost & Sullivan whitepaper estimates.
The DFM crashes for a second day in a row as a U.S. strike on Syria looks more likely.
The Sheikh claimed he helped the bank become lead arranger on a $9 billion asset sale by Kuwaiti telecom operator Zain.