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.
DIFC Investments close in on a $1 billion dollar loan to refinance an upcoming sukuk maturing in June.
Exclusive: Regional firms must work out exactly what they are before hitting the global stage, says Booz & Co global boss.
A deal for a new Islamic bond from DIB is being arranged by a host of local and global banks.
Exclusive: Al Ghurair says UAE will not see pre-2008 profits for the foreseeable future.
Gulf sovereign wealth funds are reducing international investment and focussing on the region, says a new study.
The fund, launched by NBAD and Khalifa Fund for Enterprise Development, targets Emirati entrepreneurs.
The UAE government will settle the personal loans of citizens whose debts are less than Dhs5 million.
According to the IMF, UAE’s state-related entities have a “significant” amount of debt maturing in the next few years.
The Kingdom’s Tadawul index has dropped on global economic fears and political instability in the Eurozone.
If Greece leaves the Euro next month the impact will be indirect but significant for the Gulf, say experts.
Islamic Development Bank plans to issue the Islamic bond in June this year, its chairman has said.
The bank said that it expects loans to the UAE’s SME sector increasing by 20 per cent this year.
The final draft of the UAE’s new bankruptcy law will be ready by the end of this year, the Justice Minister has said.
Abu Dhabi shelled out close to $1 billion on Manchester City’s Barclays Premier League title, writes Neil Churchill
A joint venture between US-based Paladin Capital Group and Invest AD plans to launch a $100 million MENA fund.
The IMF questions Kuwait’s fiscal stimulus and warns of the sustainability of public finances.
Abu Dhabi Islamic Bank reported that revenues rose 7.3 per cent to reach Dhs874.8 million during the period.
The Dubai investment conglomerate recorded a revenue drop of three per cent during the period.
Qatar has reportedly mandated five banks to help arrange a new sovereign Islamic bond.
The Bahraini lender’s net profit rose seven per cent during the first quarter of the year to reach $57.4 million.