The investment bank expects activity to pick up in the MENA region in 2013.
The Qatari bank will hold a local rights issue as it plans to match the capital levels of its peers.
The bank plans to slash 1,600 jobs globally to reduce costs.
The UAE central bank reportedly plans to issue broad regulations for the housing mortgage industry this year.
Total revenue for April-November was 21.6 billion dinars while spending reached a mere 6.9 billion dinars.
The new regulations are expected to include the mortgage caps introduced by the central bank late last year.
Qatar National Bank, the Gulf state’s biggest lender, made a record net profit of QAR8.3 billion last year.
Kuwait’s Future Generations Fund is a nest egg for when the economy suffers shocks.
The company made a profit of SAR185 million on the sale of the land located near Riyadh.
The Dubai bourse was the GCC’s best performing stock market.
Dubai’s biggest bank will offer 1.5 billion shares at Dhs1 each between January 25 and February 3.
The emirate plans to form a committee to work on six major initiatives under the project.
The Gulf state aims to merge eight state-run pension funds to improve efficiency.
Sheikh Hamad bin Jassim al-Thani has said $0.5 billion will be a grant while $2 billion a deposit.
The bank’s new organisational chart shows 13 managers under Corbat.
Capivest, Elaf Bank and Capital Management House have merged after more than a year of negotiations.
The proceeds will be used to settle trade creditor claims against the Dubai developer.
The investment firm is currently in the midst of a Chapter 11 bankruptcy process.
A UAE central bank circular issued last week said mortgage loans for foreigners should not exceed 50 per cent of the property value.
Egypt is holing negotiations with the International Monetary Fund to get a $4.8 billion loan.
Alba received a five-year $85 million loan from Bahrain’s Gulf International Bank and a three-year loan from a group of banks.
The Dubai-based lender already owns a 58.2 per cent stake in Tamweel.
Kuwait’s gridlocked political situation is stymying its banking sector.
Oman’s economy and its banking sector are performing well.
Africa’s vast lands, fast economic growth and a sense of political stability are all attracting regional investors.
Oman’s stock index rose 1.2 per cent last year and outperformed Qatar and Bahrain.
Officials clarify that the UAE rule of decriminalising bounced cheques only applies to UAE nationals.
International banks are shrinking their regional businesses as deal activity dries up.
High oil and gas prices and a large-scale infrastructure programme buttressed Qatar’s banking sector in 2012.
The government spent $780 million to create 36,000 jobs for Omanis last year.