Aventicum Capital Management will focus on investments in emerging and frontier markets in the Middle East and Turkey.
Prime Minister David Cameron’s visit to the country comes to an end as both parties discuss a strategic air defence relationship.
The two Gulf countries are planning to buy Lockheed missile-defense systems worth up to $7.6 billion.
Sharjah-based Dana did not repay a five-year convertible Sukuk on maturity last week.
The Dubai-based contractor said it was looking at equity-linked fundraising options.
Khalifa Mohammed al-Kindi is the new chairman while Sultan Nasser al-Suweidi remains governor of the bank.
Global trends worldwide include the rise of shopping hotels in the Middle East and the attraction of forbidden lands in the Americas.
The Abu Dhabi investment fund said the move was aimed at making documentation more consistent.
The company’s profit rose as it booked gains in the fair value of its investment properties.
Ferrari’s Fernando Alonso fails to regain the championship lead from title rival Sebastian Vettel.
The lender has made new appointments to establish a family office for the super rich and begun an Islamic private banking service for rich Muslims.
Norway’s Government Pension Fund Global has beaten the emirate to the top spot with assets worth $656.2 billion.
The dairy company raised SAR1 billion through the first tranche of a Sukuk in March this year.
Atleast 22 people were killed and over 130 were injured in a gas tanker explosion in Riyadh on Thursday.
DIB’s quarterly net profit remains flat despite a jump in provisions with impairments worth Dhs309 million.
David Cameron will visit the UAE, Saudi Arabia and another Middle Eastern country as he aims to secure orders for fighter jets.
The two banks signed a partnership agreement to cooperate in trade and project finance.
The 320-km gas pipeline was damaged during an attack last week.
Project contracts will be awarded by end of 2012, the Roads and Transport Authority has said.
The deal, signed with UAE’s Mubadala, is expected to add $500 million to Guinea’s GDP.
Unless you diversify and explore all the options in the market, you will not get the returns you expect, say experts.
Dubai Financial Market said revenue increased 16 per cent during the quarter to Dhs36.8 million.
The troubled Saudi construction company reported a third quarter loss of $9 million.
Define your target market and budget time and money wisely to reap returns from your digital strategy, says Andrew Lee Miller, marketing director of YaDig.com.
Local banks will have home-advantage when financing infrastructure projects but smaller assets than international lenders.
Abu Dhabi Commercial Bank posted a net profit of Dhs595 million, as non-interest income declined.
Kaspersky Lab report digs up alarming statistics about the UAE’s vulnerability to scam attacks.
The natural gas firm becomes the country’s first company to fail to repay a bond, also missing a $18.75 million accrued profit payment.
NBAD now expects lending to grow between four to eight per cent this year, down from its earlier forecast of 10 per cent.
The US Federal Energy Regulatory Commission may seek a $435 million civil penalty and roughly $35 million in disgorgement from the lender.