Dubai’s ENBD Raises A$450m Via Longest Kangaroo Bond From Middle East

ENBD raised A$400 million from its last kangaroo bond issue in April last year.

Qatar National Bank To Pay 60bps Margin For $3bn Loan

The deal is QNB’s biggest syndicated loan to date and proceeds will be used for general corporate purposes.

Kuwait Finance House Rejects Investment Dar’s Debt-For-Assets Plan

KFH said it would take all legal measures available against Investment Dar to try to collect the debt it was owed.

Oman’s United Finance To Consider Merger Approach From Bank Nizwa

United Finance describes itself as Oman’s largest non-bank financial institution.

Shuaa Capital Unit Eyes Saudi Leasing Market With New Licence

The licence will allow the firm to fund small businesses and help finance cross-border deals between Saudi and the UAE.

Saudi Central Bank Predicts Stable Inflation In Q1

The annual Saudi inflation rate was 2.4 per cent in December, the lowest level since at least September 2012.

Dubai Holding Has No Plans To Float Firm Or Its Units -CEO

Dubai Holding also has no plans to raise cash at the parent level as it seeks to reduce its debts, its chief executive said.

Julphar Buys Majority Stake In Bangladesh-Based RAK Pharmaceuticals

The deal, worth $9.5 million, marks Julphar’s entry into Bangladesh and is part of its expansion in Asia.

Orders Over A$175m For 7-Year Emirates NBD Kangaroo Bond

The Dubai-based bank is marketing the Australian dollar- denominated seven-year notes to yield about 225 basis points above the swap rate, a document from leads showed.

Diamond Prices Firm As Dubai Banks Fill Funding Gap – Gem Diamonds

Diamond prices weakened late last year, partly due to the closure of Antwerp Diamond Bank in October squeezing liquidity for manufacturers.

S&P Cuts Ratings On Middle Eastern Oil Producing Countries

Standard & Poor’s lowered its sovereign credit ratings on Bahrain and Oman, while lowering its outlook on Saudi Arabia.

Abu Dhabi Islamic Bank Plans Subordinated Sukuk In Malaysia

Credit agency RAM Ratings assigned preliminary ratings of AAA and AA1 to the proposed senior and subordinated sukuk.

Qatar National Bank Mandates Banks To Arrange $3bn Loan

Barclays Bank and HSBC will act as coordinators for the loan.

Saudi Central Bank Chief Calls For Energy Subsidy Reform

Fahad al-Mubarak gave no indication that the government actually planned concrete action.

Different Arab money

Qatar’s QIIB Seeks Approval For Up To $825m Tier 1 Sukuk Issue

The bank announced the plan on Monday after reporting full-year net profit of SAR826 million, up 10.1 per cent.

Dubai’s Damac Properties Proposes 10% Bonus Share Issue

Damac reported a fourth-quarter net profit of $249.8 million, up 11 per cent from the year-ago period.

Kuwait Finance House Q4 Net Profit Climbs 35.8%

KFH’s net profit for the three months to the end of December was KD36.4 million ($123.2 million).

Spot Saudi Riyal Back Near Peg After Equities Rebound

Traders attributed the spot market volatility to the plunge of the Saudi stock market, which sank more than 35 per cent between September and mid-December.

Gulf Institutional Funds Favour Japan, Asia, Shun Europe – Pictet

Middle East investors have began to look east as Europe’s economy struggle due to repeated fears over sovereign debt levels and weak growth indicators.

Qatari Bank Al Khaliji Seeks Shareholder Nod For $1.75bn Bond Plan

The proposal is subject to approval by the bank’s annual general assembly on February 25.

Saudi Cement’s Board Recommends Smaller Dividend For H2 2014

Saudi Cement, the Kingdom’s largest cement company by market value, reported an 8.9 per cent rise in Q4 net profit.

Stock News: Gulf Markets Rise After Oil Rally; Dubai’s Damac Jumps

Brent crude jumped 2.2 per cent to $57.80 per barrel on Friday, posting its largest two-week gain in 17 years.

Stock News: Stronger Oil May Support Gulf Markets

Brent crude jumped 2.2 per cent to $57.80 per barrel on Friday, posting its largest two-week gain in 17 years.

Gulf Banks Help Underwrite Region’s Aviation Boom

Figures from Airbus show that 47 per cent of its aircraft deals in the ME in the first 11 months of 2014 were funded by local banks.

Kuwait Central Bank Chief Denies Illicit Share Trading

A local daily reported that the securities regulator had decided to refer central bank governor Mohammad al-Hashel to prosecutors on suspicion of violating investment rules.

UAE’s Dana Gas Blames Oil Price Slump, Egypt Charge For Q4 Net Loss

Dana Gas made a net loss of Dhs15 million in the last quarter of 2014.

Saudi’s Jarir Marketing Proposes Q4 Dividend

Jarir posted a 25.5 per cent increase in its fourth-quarter net profit.

Dubai’s Aramex Q4 Net Profit Up 17%, Beats Estimates

The company made a net profit of Dhs89.4 million ($24.3 million) in the last quarter of 2014.

Oman’s Raysut Cement Q4 Net Rises 9.2%, Misses Forecasts

The company made a profit of OMR6.55 million($17.0 million) in the last quarter of 2014.

Industries Qatar Q4 Net Profit Slips 4.2%

The company reported annual net profit of QAR6.3 billion for 2014, down 21 per cent from QAR8.01 billion a year earlier.