The Dubai lender’s retail arm made a net profit of Dhs240 million last year.
ADIA has investments of about $400-$500 million in India which includes a $50 million investment in Red Fort Capital, a real estate private equity fund.
How have Egypt’s markets reacted to the second presidential ousting in as many years?
Gulf Finance House is banking on a revamped business model to revive its fortunes.
The purchase price was equivalent to a 5.6 per cent discount to Tuesday’s closing share price of Dhs5.15.
Loans and advances during the second quarter rose 26.3 per cent to QAR296 billion.
The agreement will reportedly cut EBX’s debt with Mubadala by more than 25 per cent to between $1.6 billion and $1.7 billion.
Political instability in Egypt and other countries in the Middle East have dampened investor confidence resulting in low offering values.
Ali al-Emadi, QNB’s previous CEO, became Qatar’s new finance minister following a cabinet reshuffle in June.
The UAE will make a $1 billion grant to Egypt and a $2 billion loan.
The move is in preparation for its complete acquisition by Dubai Islamic Bank
As political uncertainty rises in the Middle East, PE firms are increasingly considering SMEs as a viable investment option.
The UAE pledged $3 billion in aid for Egypt in 2011 that has yet to be delivered.
Emadi was appointed finance minister only recently following a cabinet reshuffle after the ascension of Sheikh Tamim bin Hamad al-Thani as Emir of Qatar.
Emirate’s creditors breathe a sigh of relief as Dubai government’s assets fetch good price.
According to a report from Mergermarket, the region saw its highest half-year value in M&A deals since 2010.
The two sectors together account for over half of the Saudi market’s capitalisation.
Ahmad al-Sayed has replaced former Qatari PM Sheikh Hamad bin Jassim al-Thani as CEO at Qatar Investment Authority.
Under an agreement with Indian bourse BSE derivatives exchange DGCX started trading futures for the S&P BSE SENSEX.
Ahmed al-Sayed has now been appointed chief executive of Qatar Investment Authority
Solid infrastructure and investor friendly policies have helped the country move up in a global FDI rankings list.
Real GDP growth quickened to 4.2 per cent in the first three months of 2013.
Kuwait Investment Authority, which has around $342 billion assets under management, has increased investment in Britain to over $24 billion.
Corporate lenders in the GCC are falling behind their global counterparts in other areas however.
The airline plans to lease the Airbus A380 aircraft from a finance company that will issue $630 million of bond-type certificates to fund the purchase.
The Gulf state upped its forecast from 4.8 per cent, citing changes to its expected output of oil and gas.
The personal finance application has 100,000 active users and plans to introduce a new planning and budgeting feature.
Emirates International Telecommunications is stepping up sales from its telecoms portfolio to help repay Dubai’s debt pile.
Emirates NBD had previously said Pudner will see out his role until the end of the year when the change of position is expected to happen.
Budget expenditure in the small non-OPEC oil exporter is now expected to total 3.62 billion dinars in 2013, up from 3.26 billion actually spent last year.