Many of Dubai Holding’s units have had to hold talks with banks to extend liabilities and restructure debt.
The closing date for subscriptions has been extended to July 4 from June 23.
Sheikh Meshal Jarah al-Sabah says the bank recruited him to scupper Vivendi’s bid to acquire Zain’s operations in Africa.
Qatar had earlier planned to invest 50 million euros into businesses in French suburbs.
Aldar Properties and Sorouh Real Estate will trade as a merged entity with a capital of Dhs7.86 billion.
The Abu Dhabi-based lender has acquired Dubai First from the debt laden Dubai Group.
A study by Barclays Wealth shows a growing confidence of increasing fortunes compared to other global markets.
The sale will push the bank’s Tier 1 ratio towards its 17 per cent target for the end of 2013.
Gulf economies have ridden out the global financial crisis of the past five years more smoothly than many economists expected.
The UAE has revived a proposal to merge its two main bourses in a state-backed deal that could boost trading.
The sultanate’s central bank has issued a warning to the country which echoes a similar statement by the IMF last week.
A market for corporate bonds would help companies finance their expansion plans.
The entire valuation and the structuring of the deal has already been completed, say sources.
The Bahrain-based investment firm is buying a stake in Al Yusr Industrial Contracting Co from two members of its controlling family.
Porsche was forced to sell the stake to Qatar Holding in 2009 as a way to prop up its strained finances.
Banks’ total investment in equities and debt instruments must be limited to 25 per cent of their capital and reserves.
Saudi Arabia’s stock market, the region’s largest, dropped 4.3 per cent on Saturday.
The possibility of another boom-and-bust cycle in Dubai is a risk for the UAE economy in the medium term, the IMF warned
The mandatory practice is unfamiliar to many local businesses but must be complied with in order to tap the growing markets.
The sultanate needs to adjust its fiscal balance by around 10 per cent of GDP over the medium term, said the IMF.
The two nations have been upgraded from frontier markets to emerging markets by index compiler MSCI.
The Gulf state’s bourse jumps to its highest level since September 2008.
The size of the new Islamic bond could match the firm’s record-breaking $4 billion debut sukuk issued in 2012, say sources.
This is the first major sale of a foreign asset by Dubai World as it restructures its debt.
The new deal, which was arranged by a group of eight local and international banks, refinances an existing $2 billion facility.
Dubai Group and its lenders have been locked in a complex debt restructuring.
Regional banks have been well capitalised since the 2009 crisis and now driving the economic recovery.
The UAE and Qatar are hoping to receive an upgrade to emerging market status during a review of the MSCI indexes on Wednesday.
The UAE regulator issued a circular last month, directing banks to halt loan transfers for three months.
The move will increase the dominance of local banks over foreign banks in the panel that determines Eibor.