Saudi Prince Alwaleed’s Kingdom Holding has reportedly chosen two banks to manage its debut bond.
Eurozone ministers have agreed to lend the amount to help Spain revive its struggling banks.
Trading volumes at the Dubai Gold and Commodities Exchange amounted to $32.67 billion in May this year.
Exclusive full interview: Abdul Aziz Al Ghurair reveals why he’s going back to basics.
Exclusive: Palestine’s largest bank to launch Dubai office in 2013 to serve 200,000 Palestinians.
Nasdaq Dubai’s future looks bleak as another stock delists ahead of MSCI’s upgrade announcement.
The investment house is expected to get a five-month added window to repay bonds of $338.6 million.
The Islamic finance industry needs to create new and diverse products to grow, says Noor CEO Hussain Al Qemzi.
Billionaire investor George Soros warns European authorities to act quickly or risk the Euro collapsing.
DIFC Investments has secured a five-year syndicated loan to repay its Sukuk maturing this month.
The European lender has received approval to merge its Omani business with Oman International Bank.
The loan will be partly guaranteed by the Dubai government, according to sources.
Abu Dhabi Islamic Bank’s UK branch, located in an upscale development, hopes to target wealthy Gulf clients in Britain.
Gulf Business rounds up the top IPOs issued in the region in terms of capital raised, as revealed by Ernst and Young.
Kuwait’s Global Investment House saw its net loss narrow to $39.3 million in the first quarter of 2012.
The five-year plan will fund the expansion of the Saudi Arabian dairy company and boost its product innovation.
The credit card global rewards currency model works for all airlines and covers all routes, the firm said.
Warnings for oil consumption and equities markets amidst growth of deposits and loans from DIFC companies.
Exclusive: Abdul Aziz Al Ghurair blamed a greed culture and a desire for growth for lurching the UAE banks into crisis.
A majority of JAFZA’s stakeholders have consented to the early redemption of the Sukuk, due in November.
Prince Alwaleed’s Kingdom Holding Company will retain its stake in the Fairmont San Francisco Hotel.
Bank Nizwa, the country’s first Islamic bank, will be listed on the Muscat Securities Market on June 12.
Trading shares of Oman International Bank also stopped due to $5.20 million claim.
A new report states that 20 per cent of MENA banks need capital to meet the Basel III banking requirements.
The Gulf state plans to issue the bond in the second or third week of June, a central bank official said.
Mohammad Kamran will head up two of Emirates NBD’s subsidiaries including Capital Limited.
The social network eyes regional advertisers as a new source of investment following the firm’s IPO last week.
Gulf Business takes a look at several Arab-funded football clubs and picks a fantasy team purely of Arabian funding.
Tumbling shares wipe billions off Facebook price two days after IPO amid accusations of a poorly constructed listing.
The airport retailer has increased the size of its loan facility because of high demand, an official has said.