The international agency has cut ratings for three lenders in the emirate, and put a fourth on review.
Dubai features among the top 25 global destinations for hotel investment in 2012, according to a new report.
UAE banks are gunning for a slice of the growing Chinese economy.
The lender already paid $340 million to New York’s Department of Financial Services in Q3 2012.
Johannes Jooste, head of strategy for EMEA at Merrill Lynch, advises equities over fixed income.
Bank of America Merrill Lynch is looking to improve its regional banking operations.
The US Department of Justice is investigating if the alleged Barclays’ bribes were replicated at other banks.
Abu Dhabi National Energy Co (TAQA) has $1.75 billion in bond maturities next year.
Qatar Holding now owns 88 per cent of the bourse, with NYSE Euronext holding the remaining 12 per cent.
The Saudi national will take up the role of co-chief exectuive and head of investment.
Gulf Business brings you the top 10 banks in the UAE with the heftiest third quarter profits this year.
A senior Dubai government official says the UAE has adequate funds to build its multi-billion dollar projects.
Hussain Al Qemzi says that it’s not easy to adhere to the central bank’s regulations on lending to GREs.
Former CEO Shahzad Shahbaz left the Qatari investment bank last week.
International Petroleum Investment Company (IPIC) plans to issue a dual-curency bond spread across two tranches.
Sultan bin Nasser Al Suwaidi says that the banking sector in the country has stabilised and lenders have a solid capital base.
The potential increase will boost KFH’s capital to $1.24 billion.
A string of top managers have left the US lender’s MENA business this year.
Qatar Holding, the lender’s top shareholder, has monetised its remaining 379 million units.
US on course to slash budget deficit nearly in half next year, as serious negotiations to begin this week.
Card payment processor Network International has acquired a stake in TimesofMoney for an undisclosed sum.
The 15-year Sukuk is National Bank of Abu Dhabi’s third issuance in the South East Asian currency.
The Gulf state needs thousands of experienced industry professionals to bolster its finance practice.
The lender is not interested in overseas expansion unlike its rival Kuwait Finance House.
A short-lived recovery marked 2012 as Europe’s debt woes weighed heavily on global markets. Amid the continuing uncertainity, GCC stocks faced a mixed outlook.
With $4.4 billion needed to meet its first obligation, there are worries as to where the money will come from.
The local banking sector has ample liquidity and lenders are ready to grow, says Abdul Aziz Al Ghurair.
Few banks will continue to have a global footprint in the future, says Anshu Jain, co-chairman of Deutsche Bank.
Lender’s Anshu Jain tells business leaders in Dubai chances of Greece leaving have lessened.