Since 1997, the UAE dirham has been fixed at a rate of 3.6725 to $1.
Meetings will take place in London on Dec. 1 and Dubai on Dec. 8.
The dirham is pegged to the dollar at 3.6725 and is trading in the spot market at 3.6730.
A stock market announcement on Nov. 11 said Aabar had become Arabtec’s largest shareholder after hiking its stake to 34.93 per cent through the purchase of shares from Ismaik.
The lender said it charged them excessive foreign currency fees on debit and credit card transactions.
Andrew Stevens had been with CBQ, Qatar’s second-largest lender by assets, for 25 years.
The Islamic mortgage lender has been negotiating with creditors to finalise the deal, which was approved by shareholders in September.
Abu Dhabi-based firms The National Investor and Manazel Real Estate became the first companies to begin trading on the platform.
The bank has arranged syndications for Turkish borrowers worth more than $4.5 billion since 2010, including more than $2.1 billion in the past 18 months.
Bourses in the UAE and Qatar began recouping early-session losses as stocks whose weightings in MSCI’s emerging markets index are set to increase topped trading volumes.
The capital increase will require the approval of the bourse regulator and an extraordinary shareholder meeting, a bourse statement said.
The company plans to use the proceeds to refinance an existing $380 million loan package at a lower interest rate and to provide cash for potential expansion.
A senior official said that the fund will be looking to invest in clean energy since it is an area of interest to both the UAE and China.
EMG listed 15.4 per cent on the Dubai Financial Market, raising $1.58 billion from the sale, which was well covered by investor bids.
Abu Dhabi-based Khalifa Fund for Enterprise Development said it signed the loan agreement with the Egyptian government in Cairo.
The recently-opened Al Etihad Credit Bureau aims to serve as a safeguard against a repeat of the credit bubble.
A two per cent tax on the remittances sent by foreign workers in Oman is estimated to generate about OMR62 million.
Dow Chemical announced recently that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures.
Qatar’s index rose 0.3 per cent while Abu Dhabi’s benchmark edged up 0.1 per cent.
The five-year note, which can be converted after three years into shares, will represent around five per cent of the firm’s current share capital.
Presently, 18 per cent of the 138.9 billion pounds in banking deposits in Jersey are from residents of the Middle East and Asia,
Abraaj is now offering 79.10 pounds ($11.06) a share for a total purchase price of 909.65 million pounds, it said in Sunday’s statement.
The company said it would pay the special cash dividend following the recent IPO of Emaar Malls Group.
Abu Dhabi Fund for Development (ADFD) has agreed to provide loans to finance the development of a two-lane road and seven bridges in Madagascar.
Engineering firm Arcadia will now seek to expand into Saudi Arabia, Qatar and the UAE.
It aims to sell 2.53 billion shares, or 40 per cent of its outstanding shares, between Nov. 17 and Nov. 30.
The company owned by Dubai’s Al-Futtaim Group plans to raise a 10-year, amortising facility.
The government said it was stepping up efforts to cut off financing to groups it classifies as terrorist.
The funds will be used by Kayan to fund an increase in working capital and complete factories under construction.
Qatar Investment Authority, the Gulf state’s sovereign wealth fund, has a long term strategy, its CEO said.