The capital raised in Q1 2012 was almost four times higher than Q1 2011, but 63 per cent lower than Q4 2011.
Gulf Business rounds up the region’s top performing banks last year based on their assets values.
Ian Johnston will take over from Paul Koster, who completes his term at the financial services regulator.
Dubai will use the proceeds from its $1.25 billion Sukuk to expand its airport, according to Sheikh Ahmed al Maktoum.
The bank reported a net profit of Dhs245 million for the first quarter of the year.
Istithmar World confirmed it has acquired a 50 per cent stake in the landmark Dubai hotel for $250 million.
Gary Dugan will be joining Royal Bank of Scotland unit Coutts in Singapore, according to sources.
In a rare interview, the Infosys chairman discusses why India’s economy will triumph adversity.
The country’s current account surplus increased mainly because of a rise in exports.
The two-part Islamic bond reportedly received strong demand in the market.
The value of M&As in the region fell to $8.5 billion during the first quarter of 2012, according to Ernst &Young.
Emirates NBD’s Q1 net profit fell 55 per cent compared to last year but profit has tripled since Q4 2011.
Abu Dhabi Commercial Bank reported that net profit rose 38 per cent year-on-year during the first quarter of 2012.
The threat of a severe Europe crisis has passed, but more needs to be done to ease the situation, said Julius Baer.
The Dubai-based logistics firm made a first quarter net profit of Dhs61 million this year.
The Dubai-based developer said that it had no plans to tap debt markets in 2012.
Prince Alwaleed’s Kingdom Holding Company said that net income during the first quarter of the year reached SR100.8 million.
India is the emirate’s top trading partner, according to the customs authority.
Abu Dhabi’s investment fund Aabar is reportedly looking to exit its its stake in the German carmaker.
The five-year loan will boost Tunisian government finances, according to its central bank.
The European bank will hold a 51 per cent stake in the new entity, which will be renamed HSBC Bank Oman SOAG.
While experts say the Kingdom is the best performing market in the region, they also warn investors to be patient while doing deals.
The bank reported a ten per cent year-on-year rise in first quarter profit earlier this year.
Saudi Basic Industries Corp recorded a five per cent year-on-year fall in net profit during the first quarter of the year.
The UAE-based mortgage lender recorded a net profit of Dhs18 million during the first quarter of the year.
The decision to appoint Jim Yong Kim, an American, to the top post has been criticised by developing nations.
National Bank of Kuwait reported a 0.3 per cent rise in Q1 profits year-on-year.
The Dubai-based developer reported a net profit of Dhs1.3 billion for 2011.
Bank Muscat, Oman’s largest lender by market value, posted a net profit of $86.7 million for the first quarter of the year.
Saudi Basic Industries Corporation will be distributing a dividend of SR5 per share to shareholders for 2011.
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