The IPO has been postponed pending necessary approvals.
The country is mainly eyeing investments in energy, logistics and infrastructure.
Bank Muscat had reported in February that its pre-paid travel cards were hit by fraud, forcing it to take a 15 million rial ($39.0 million) loss provision.
Rakbank suffered a $5 million coordinated heist at ATMs around the world in December while Bank of Muscat lost $40 million in February.
TDIC made a net loss of Dhs2.17 billion in 2012 due to impairments and depreciation compared with a loss of 1.27 billion in the previous year.
With a steady availability of capital, Qatar’s sovereign wealth fund has been making opportunistic investments around the world, especially in Europe.
Commercial banks have ensure that at least five per cent of their total loans are given to small and medium-sized firms.
The insurance product is designed to boost the credit ratings of sukuk for sovereign issuers.
DFM made a first quarter net profit of Dhs27.03 million.
The companies were identified as Al Hilal Exchange and Asia Exchange Centre.
The proposed deal is the last big debt restructuring related to Dubai’s 2008-2009 financial crisis.
Abdulaziz Al Helaissi is rumoured to become the new deputy central bank governor.
Both Al Suwaidi Power Co and Al Batinah Power Co aim to each offer a 35 per cent stake to the public.
Last year, an international arbitrator told Kuwait’s Petrochemical Industries to pay up for pulling out of a K-Dow joint venture in 2008.
The emirate may issue another sovereign bond this year, says senior official.
The new legislation will allow small and medium-sized firms to use machinery and other assets to back loans.
The Saudi billionaire’s investment vehicle plans to sell its stake in 20-30 hotels in the next two years.
Gulf Arab banks have stepped up bond sales this year with over $5 billion of dollar-denominated bonds issued so far.
The bank recorded strong growth in net profit and net income compared to its first quarter in 2012
The repayment was part of a dual-tranche facility issued in April 2008.
The government hopes to facilitate debt sales by its private sector, says finance minister Darwish al-Balushi
The 10 year loan facility will be used to develop the first phase of the residential compound
ADCB’s shares hit a 4-1/2 year high on Wednesday; the bank posted a five per cent increase in first-quarter net profit.
Citi’s family office unit is part of the private bank business which manages over $250 billion in assets and serves over a third of the world’s billionaires.
The UAE lender has not opened a new branch in Dubai for almost 14 years and yet it reported a rise in net profit of 24 per cent for 2012.
The Global Marketplace Abu Dhabi could become a competitor to Dubai, currently the Gulf’s premier financial centre.
QIB last tapped the market with a $750 million five-year sukuk in October as part of its $1.5 billion sukuk programme.
The $3.4 billion bank financing was split between a $2.925 billion portion from commercial lenders and $475 million from Islamic banks.
The lender made a net profit of Dhs425.3 million ($115.8 million) in Q1, an increase on the Dhs270.8 million from 2012.
The Dubai-based developer’s profit was hit by increasing sales and administration expenses.