ADCB launched a representative office in London five months ago, and has two branches in India.
Authorities are investigating possible violations connected to the lender banking for Iranian-controlled entities in Dubai.
The Islamic investment firm will also distribute its Luxembourg fund range via two European investment firms.
The financial institution and its ME unit were found to have mis-sold $200 million of investment products, a Dubai court ruled.
NCB is offering 300 million shares to Saudi individuals and 200 million shares to the state-run Public Pension Agency.
Survey finds 47 per cent of fund managers intend to raise their overall equity allocation to the Middle East in the next three months.
The central bank did not give a reason for the drop in spending, but work on some large infrastructure projects has been slowed.
The retail and malls unit of Dubai’s largest developer made a quarterly profit of Dhs321.18 million.
Investcorp did not reveal the deal value in the statement but said that the new investment will allow it to expand its business.
The suspension was requested because its audit committee was meeting to consider “significant matters relating to its financial statements”, a statement said.
Britain’s prime minister asked Sheikh Tamim bin Hamad Al Thani to consider further funding to help Britain’s push to develop cities in the north of the country.
The lender said it plans to issue 216 million new shares and that the rights issue will raise its paid-up capital by KD21.6 million.
The UAE was also one of the top 10 countries globally which improved its rankings in the ease of doing business list as it introduced around 20 economic reforms over the last year.
Kingdom made a net profit of SAR265 million ($70.6 million) in the three months ended Sept. 30, compared to SAR219.9 million in the same period a year earlier.
Jadawel International, a unit of London-based MBI International Holdings Inc., claims Barclays “hatched a fraudulent scheme” to secure the rare Saudi banking license, selling out Jadawel in the process.
Richard Teng, most recently chief regulatory officer at the Singapore Exchange, will be CEO of the regulator at the Abu Dhabi Global Market.
The lender reported a 79 per cent rise in third-quarter profit, beating analysts’ expectations.
There has been a 20 per cent year-on-year surge in the number of UAE residents using credit cards or loans to pay off their current debts, a new survey says.
Experts say that halal pharmaceuticals could be commercially viable due to the growing number of Muslim consumers across the globe.
The lender has received regulatory approval for the issue, which would help fund its expansion.
Amanat intends to use 70 per cent of the funds from the IPO to invest in healthcare and education.
The group is is in advanced talks to set up a university and a school as part of its strategy in expanding into education and healthcare sectors.
Banks in the UAE must change their approach in luring and maintaining wealthy customers, according to Simon-Kucher’s Dr. Jan Engelke and Matthew Jackson.
The agreement includes setting up Real museums and expanding their soccer schools around the world, as well as creating content for digital media platforms, IPIC said.
NBAD made a net profit of Dhs1.37 billion ($373 million) in the three months to Sept. 30.
Last Wedesday, the riyal tumbled unusually far beyond its peg of 3.75 against the U.S. dollar in the spot market, to as low as 3.7530.
The Sultanate introduced Islamic finance at the end of 2012, becoming the last country in the six-nation Gulf Cooperation Council to do so.
The company has picked Dubai Islamic Bank, Emirates NBD, Noor Bank and Standard Chartered for the sukuk sale, according to the document.
Zain Saudi made a net loss of SAR316 million ($84.23 million) in the three months to Sept. 30.
The developer made a net profit of QAR673.4 million ($184.93 million) in the nine months to Sept. 30