The deals, in the oil and power sectors, will increase the bank’s market share in corporate financing.
The lender opens Beijing office to tap rising financial ties between the UAE and China.
One of the world’s largest commodity traders has turned to Gulf-based banks to widen its lending pool.
As remittances grows, Gulf Business investigates whether huge currency volatilities present a challenge or an opportunity for investors.
The discount window will improve liquidity management practices in the country, the central bank said.
Gulf firms are increasingly chasing Asian liquidity.
Egypt’s government is hoping to receive a $4.8 billion loan from the International Monetary Fund.
The family-owned business plans to issue new shares as it prepares to float on the stock market.
The Dubai International Financial Centre had 899 active registered companies as of H1 2012.
Current outstanding demand for Islamic bonds totals an estimated $300 billion.
The family conglomerate said that it was financially prepared to go public.
The lender leads M&A advisory rankings in MENA with $4.7 billion of deals this year, according to Dealogic.
As the notoriously private wealth vehicles gain increased visibility, especially with their emerging markets investment push, Gulf Business lists the top 10 SWFs in the world.
Real GDP expanded but ongoing political unrest continues to dampen the country’s growth.
The bank has hired JP Morgan to advise on its planned buyout of the French bank’s Middle Eastern asset.
The banking group appoints a new chief executive to repair its damaged reputation following the Libor scandal.
With entrepreneurship in the region witnessing an unprecedented boom, funding options are also on the rise.
ICBC ME posted a pre-tax profit of $36 million in the first half of the year, up 157 per cent from H1 2011.
Fees from Qatar Investment Authority paid to the British bank are being scrutinised by the UK’s Serious Fraud Office.
Mohamed Mursi confirms there will be no new taxes and will look to investment to fix the country’s economy.
Kuwaiti investment firm NIG is now seeking approval for its lawsuit against Carlyle to be heard in Kuwait rather than the US.
Jordan’s largest lender has elected Sabih al-Masri to head the bank after the sudden resignation of Abdel Hamid Shoman.
Saudi Arabia’s banks post bumper profit growth and lead the region’s banking recovery.
The National Bank of Abu Dhabi comes highest in the region for world’s safest banks; Europe take top five spots.
BoP will launch its Dubai office in 2013 to serve 200,000 Palestinians.
The region’s banks witnessed a moderate recovery last year with continued overall gains expected for 2012.
Banks are slowly recovering from the 2008 fall out but the impact of a major government spending spree is yet to be fully realised.
Higher capitalisation and new profits in the UAE are threatened by the Eurozone and weak global growth.
Strong government regulation and hefty public spending have buoyed the Kingdom’s banking sector.
Massive public spending and impressive GDP growth saw a bumper year for Qatar’s banking sector.