Qatar’s sovereign wealth fund acquired the building for an undisclosed sum and has now leased it back to the bank.
The bank has mandated Emirates NBD Capital, HSBC and Standard Chartered Bank to arrange investor meetings.
The transaction is set to create the world’s largest SME focused private equity group.
The region may even top the world in terms of growth of wealthy individuals this year, according to experts.
Sovereign wealth funds from the UAE and Kuwait have reportedly agreed to buy stakes in India’s ONGC.
The DIFCI bond is in the spotlight as investors weigh Dubai’s refinancing risks in 2012.
Egypt expects to sign the IMF loan next month and will receive one-third of the funds immediately upon signing, said minister.
In the battle for customers during the recession, conventional and Shariah-compliant banks have sharpened their game.
The region’s finances are back on track said the London Business School in Dubai.
The bank reported that net profit for the full year increased by six per cent from 2010.
Issuers and investors remained wary of volatility in the capital markets, according to PwC.
The bond was five times oversubscribed and received orders from more than 270 investors globally.
The Dubai government will continue to help government-related bodies, says Sheikh Ahmed bin Saeed al-Maktoum.
The agreements were signed between Oman’s health ministry and Oman LNG.
Sheikh Salem Abdul-Aziz al-Sabah blamed a rise in public spending for his decision.
The struggling Bahraini carrier will use the amount to meet its medium-term capital needs.
The two companies are in negotiations to build a methanol complex in Trinidad and Tobago.
This is the first time that the UAE airline, started eight years ago, has recorded a profit.
Colorado-based CH2M Hill has won the FIFA World Cup construction management contract.
Prominent economist Nouriel Roubini has predicted that the Eurozone will collapse in a few years.
The civic body said that cost-cutting measures were implemented to achieve a budget surplus in 2011.
Doha-based Mannai is planning to buy 58.8 percent of Damas in a deal estimated to be worth around $445 million.
Abu Dhabi’s Dolphin Energy will use the proceeds to meet its refinancing needs.
Dubai Gold and Commodities Exchange saw volumes increasing 95 per cent year-on -year in January.
The airline is planning an Islamic loan facility to fund two of its planes, according to reports.
The Abu Dhabi lender’s profits fell 19.2 per cent to Dhs135 million during the fourth quarter of 2011.
According to Ernst &Young, deal values in 2011 dropped by 28 per cent year-on-year to reach $31.7 billion.
Markets were subdued even as Greece delayed its decision regarding a new bailout.
Prince Alwaleed, Citigroup’s biggest individual shareholder, said that he expects the bank to increase dividends this year.
Exclusive: The founder of Kingdom Holding Company on plans, power and profits.