Jeddah-based Gulf Installments will focus on offering Sharia compliant services to SMEs in Saudi Arabia.
Sheikh Mohammed has ordered work to start on the Dhs2.5 billion Nakheel Mall project in Palm Jumeirah and Dhs800 million Pointe project.
The energy firm is currently restructuring a $920 million Islamic bond.
Sources said Morocco had finalised the agreement with the GCC states during a summit in Riyadh last month.
Oman is the last country in the six-nation Gulf Cooperation Council to introduce Islamic banking.
The new smartphone, launched globally on Wednesday, received positive reactions.
The market rose 9.5 per cent in January, mainly driven by a rise in bank shares.
Although revenues rose 20 per cent during the quarter, the developer’s profit was hit by rising costs.
A government source said Etihad was in talks to pick up a 24 per cent stake in Jet for $330 million.
The property firm, which is in the midst of a merger with Aldar, posted a net profit of Dhs118.9 million in the fourth quarter of 2012.
The lender’s profits rose on lower impairments and increased non interest income.
The new touch screen smartphone will be priced at Dhs2,599 in retail stores.
Eugene Kaspersky rejects public listing but says cyber terrorism is a growing reality.
Golf Digest Middle East editor Robbie Greenfield with interviews and analysis on the historic tournament.
Earnings from international clients rose four per cent in 2012.
Simultaneous launches took place around the world including in Dubai.
The most significant price rise was seen in villas located in premier locations, finds new report.
The firm, owned by Saudi billionaire Prince Alwaleed Bin Talal, has formed a sharia board to raise more of its funds through Islamic finance.
Tamweel has been the focus of a full takeover offer by its majority shareholder Dubai Islamic Bank.
The new range of BlackBerry smartphones are expected to determine the future of Canada-based Research In Motion (RIM).
ADCB’s fourth quarter profit rose on higher net-interest income and lower provisions.
The lender’s profits were boosted by higher interest income and Islamic financing.
The UN is seeking up to $1 billion in aid for Syrian refugees outside the country and $500 million for humanitarian work inside the war-torn country.
HSBC Bank Oman, formed by a merger of HSBC’s Oman unit and Oman International Bank, made a net profit of OMR5.8 million in 2012.
The investment firm’s net profit rose to $39.2 million for the six months ended December 31, up from $5.2 million in the same period a year ago.
Most of its staff moved to Khalij Islamic, another investment firm with offices in London and Dubai, says sources.
The money will fund the Umm Wual phosphate project at Waad Al-Shimal City.
Banks taking part will also be chosen for future work.
The Greek investment scheme is similar to a Qatari plan to invest in Italian companies.
The Dubai index is buoyed by foreign investors buying into the emirate’s economic recovery.