The investment fund, in partnership with USAA Real Estate Company, bought an office building in Houston.
Dubai’s index lost 5.4 per cent last week over worries of a U.S. military strike in Syria.
He will be replaced by Ahmed Abdul Rahim, currently general manager, as acting head.
Despite a surge in capital outflow, the rupee slide will not significantly damage the UAE economy.
Stephen Evans, SCB’s head of private banking for Europe, Middle East, Africa and South Asia, reveals why Dubai is set to become a global private banking hub.
Dubai’s index was down as much as 7.5 per cent in the morning on concerns of a possible escalation of Syria’s civil war.
The Middle East has around 62 per cent of investment opportunities in the region, Frost & Sullivan whitepaper estimates.
The DFM crashes for a second day in a row as a U.S. strike on Syria looks more likely.
The Sheikh claimed he helped the bank become lead arranger on a $9 billion asset sale by Kuwaiti telecom operator Zain.
The Syrian chemical weapons crisis has sparked fear among Dubai investors.
The zone is seen as a challenge to neighbouring city state Dubai, which is the top financial centre in the region.
As regional confidence improves, Standard & Poor’s is looking to increase its presence in the region.
HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position.
China’s Renminibi is touted to be a top trading currency along with the Euro and US dollar.
The Dubai-based developer has $2.2 billion debt maturing in 2015.
The lender also named a new chief executive of the Middle East and North Africa.
The regulators will supervise fund managers operating between the Dubai International Financial Centre and Europe.
The UAE lender seems to be ignoring impending regulations by the Central Bank to cap mortgages at 80 and 75 per cent.
New India, long buried since the crash, may see 2013 as its resurgent year. Can India overcome corruption and political hurdles to embrace greater global liquidity and a pick up in investor sentiment?
Oman became the last country in the GCC to adopt Islamic finance in December 2012.
The proceeds will be used by the lender for general business purposes.
Ali Asghar’s departure effectively means Lazard has no senior bankers in Dubai.
The $1 billion power plant will offer 33.4 million existing ordinary shares at a price of OMR1.59 per share.
Following the launch of a new ‘University pages’ feature, LinkedIn aims to target high school students.
A survey finds it takes more money to be considered wealthy in the UAE than it does in the United States or the UK.
As consumer lending perks up in the UAE, unsolicited calls from various banks pushing credit have reached pre-crisis levels.
Total state spending stood at QAR178.2 billion, slightly below the initial plan of QAR178.6 billion for the fiscal year ended in March.
The Bayt.com index survey found that 30 per cent of MENA companies are hiring in the next three months.
Tumbling bonuses in the west and improved employment prospects in the UAE are attracting British expats to the country.
The industry is growing because of increased business activity in the region.