Kuwait’s Burgan Bank Launches $500m Tier 1 Bond At 7.250%

Investor orders for the issue grew to over $850 million, the document showed.

Saudi Banks In Strong Health – Central Bank Chief

The combined capital adequacy ratio of all banks was 17.8 per cent at the end of the second quarter this year, well above the eight per cent minimum specified by Basel standards.

Stock News: Emaar Lifts Dubai As Malls Unit IPO Pricing Nears

Emaar plans to sell 15 per cent of its subsidiary Emaar Malls Group (EMG) in an initial public offer launched this month.

Qatar’s Masraf Al Rayan Halts Libyan Bank Stake Buy On Political Conditions

The lender had said in January 2013 that it was looking to buy a strategic stake in a Libyan commercial bank.

Kuwait’s Burgan Bank Attracts Orders Over $650m For Tier 1 Bond

The bond with a perpetual tenor can be bought back by the lender after the fifth year.

National Bank Of Oman Picks Banks For Potential Bond Sale

Should it issue, NBO would become the second Omani bank to issue a bond, after Bank Muscat printed a $500 million five-year deal in March 2013.

Mubarak Rashid Al Mansouri Appointed New Governor Of UAE Central Bank

He will succeed H. E. Sultan Bin Nasser Al Suwaidi.

Abu Dhabi Bourse In Talks Over Four Potential IPOs, Two This Year

New flotations on the bourse had been held back by low investor confidence after the index slumped in the wake of the global financial crisis and a local real estate crash.

Nakheel CEO Says Emaar Unit IPO Success To Encourage Listing Plans

“Should we decide to list shares, the market will receive it well,” said Sanjay Manchanda.

Alibaba IPO Breaks Record, Ranks As World’s Biggest At $25bn

The IPO surpassed the global record set by Agricultural Bank of China in 2010 when the bank raised $22.1 billion.

Saudi’s National Commercial Bank To Start IPO Next Month

The IPO is expected to be one of the largest ever in the Gulf region.

Dubai’s Amlak Finance Postpones Shareholder Meeting

The meeting was called to inform shareholders of the details of a $2.7 billion restructuring plan.

Dubai’s Limitless Holds “Positive” Talks On Debt Restructuring – CEO

The discussions were centred on re-negotiating the terms of the debt, the chief executive said without giving any further details.

Dubai’s DIFC Plans $700m Sukuk Issue By End-October: Governor

Proceeds from the issue will be partly used to refinance existing debt as well as provide cash for infrastructure investment.

Dubai Bourse To Rise on Drake & Scull Contract Win

Stock markets around the world closed nearly flat on Friday but a major source of uncertainty is now gone after Scotland voted ‘No’.

Kuwait Investment Authority To Expand Germany Investments

Kuwait has invested almost $18 billion in Germany.

UAE’s Ithmar Capital Picks Credit Suisse, Deutsche Bank For $436m Dubai IPO

The proceeds will be used to invest in healthcare and education assets, according to sources.

Etihad Airways To Raise $2bn In 2014 To Fund Stake Buys, Aircraft

The funds would be raised through loans, the airline’s chief financial officer confirmed.

Abu Dhabi’s Mubadala Posts 23% Profit Rise On Higher JV Income

Income from Mubadala’s joint venture businesses doubled to Dhs2.12 billion, thanks to Emirates Global Aluminium and Dolphin Energy.

Dubai Regulator Imposes Curbs On Local Espirito Santo Bank

ES Bankers (Dubai), part of Espirito Santo group, has been restricted from taking or paying deposits, and is required to maintain and preserve its assets, the DFSA said.

Middle East Banks Buy Vast Majority Of Landmark Goldman Sachs Sukuk

Middle East investors bought 87 per cent of the Goldman sukuk, while 11 per cent went to Europe and two per cent to Asian investors, a document from lead arrangers showed.

Abu Dhabi’s Waha Capital To Buy Back Up To 10% Of Stock

Waha said the programme, approved by its board on Wednesday, would allow it to repurchase up to 194 million shares.

Emaar Says Shareholders To Get One Share In Malls IPO For Every 36 Held

Emaar is aiming to sell two billion shares in EMG, representing 15.4 per cent of the unit’s share capital.

GCC Banks Record Strong Growth Despite Low Interest Rates

Improving asset quality and falling credit losses have offset the downside of lower net interest margins, Standard & Poor said in a report.

Dubai Lender Mashreq Sets Sights On Egypt And Turkey, Says CEO

Mashreq also has no interest in any of Standard Chartered’s UAE operations, CEO Abdul Aziz al-Ghurair said on the sidelines of a company event in Dubai.

Saudi Arabia To Allow OTC Trade Of Shares In Suspended Or Delisted Firms

The Capital Market Authority has issued rules covering such trade and will immediately start receiving requests from companies to conduct it, the authority said.

Zain Bahrain Extends IPO Subscription Period By Two Weeks

No reason was given in the statement for the extension, which moves the closing date for investors to buy shares in the initial public offer to September 30.

Stock News: Emaar Malls IPO May Temporarily Take Away More Money From Dubai

Emaar Properties said that institutional investors had fully subscribed to their tranche of the $1.58 billion IPO of EMG.

New UAE Rules Aim To Develop Local Currency Bond, Sukuk Markets

The Securities and Commodities Authority (SCA) has outlined rules to make it faster and cheaper for firms to issue conventional and Islamic bonds.

Saudi Corporate Earnings Growth Set To Jump Before Bourse Opening

The combined net profits of Saudi Arabia’s leading companies are expected to rise 17 per cent in 2014.