As private investors from the GCC divest large portions of their wealth offshore, Aarti Nagraj investigates where the money is headed.
Dubai’s ship building unit will ask its syndicated lenders to sign a lock-up agreement.
Dubai’s Jebel Ali Free Zone is planning to launch a syndicated loan to partly refinance its $2 billion Sukuk maturing in November.
As officials in Dubai complete the study for an expatriate pension scheme, experts say that the move will protect workers and improve the economy.
Talal Al Zain, who recently resigned from Bahrain’s sovereign wealth fund, has been appointed as the CEO of PineBridge’s MENA operations.
Britain is reportedly holding talks with Abu Dhabi to sell a part of its stake in Royal Bank of Scotland.
The move marks the first significant direct investment by the Abu Dhabi fund in Brazil and Latin America, it said.
A study is being conducted to check the economic impact of the move, which will introduce a single tax rate across the seven emirates.
Regional investors are ready to provide up to half a billion dollars to promote new businesses in the Middle East, say industry experts.
Emirates NBD said that its shareholders had approved a cash dividend of 20 fils per share for 2011.
The Mall of Egypt will be one of North Africa’s largest shopping centres.
The port operator has said that it will pay off its loan, which matures in October, six months ahead of schedule.
The UAE lender’s loan will help Indonesian coal producer AKT to meet its working capital needs.
Abraaj is making the acquisition through its subsidiary, Riyada Enterprise Development.
After a tough couple of years, could 2012 be the year that lackluster regional stock markets regain their shine?
Mumtalakat has appointed ALBA chairman Mahmood Hashem al-Kooheji as its new CEO.
The debt crises in the West has spurred an upsurge in lending for local banks.
The five-year bond is the third issue by Emirates NBD this year and the second by a UAE bank this week.
The lender had earlier said that it was advised by the UAE central bank to cut its dividend to 10 per cent.
The property developer said that it will discuss the proposal with shareholders during its annual general meeting on April 23.
The future of the UAE’s insurance industry looks secure, say industry experts.
However, the UAE Economy Minister said that resuming trade in Amlak stocks will take more time.
The five-year dollar bond is being issued under the National Bank of Abu Dhabi’s $5 billion programme.
The investment house filed for US bankruptcy protection after it failed to reach a $1.1 billion debt deal with creditors.
Average monthly salaries for some expatriates have gone up by more than 10 per cent this year compared to 2011.
The Bahraini investment group has taken over the GL Education Group, a UK-based education solutions provider.
The Abu Dhabi property developer, which is eyeing a possible merger with Aldar, replaced its chairman last week.
The regional unrest will continue to dampen investor confidence in the Middle East this year, according to a survey by the CFA Institute.
The strike caused by the carrier’s employees over a pay hike led to the cancellation of 10 flights within a four-hour period.
The central bank has instructed lenders to find means of reducing the debt burden of UAE nationals.