Qatar’s benchmark rose 0.6 per cent, led by Islamic lender Masraf Al Rayan and Qatar National Bank
Shares in Dubai builder Arabtec rose as speculation grew about the sale of the stake owned by former CEO Hasan Ismaik.
The Capital Market Authority proposed limiting total foreign ownership of the market’s value to 10 per cent.
The Capital Market Authority isaid last month that it would open the market in the first half of next year.
Despite a more bullish market in the UAE it is unclear whether Atlantis would be able to reprice its loan as easily as expected.
The bank had agreed to close some customers’ UAE accounts in an anti-money laundering settlement with US regulators announced on Tuesday
No figure for compensation was set but the family has been claiming over $26.5 million.
The state-controlled developer will repay 31 banks Dhs5.54 billion on Thursday, it said.
Singer was appointed CEO in July 2012, after four years as CEO of the Nasdaq Dubai bourse.
Standard Chartered Private Equity will inject the equity in return for a 9.8 per cent stake in the business.
The six-year loan, originally signed in July 2012, was split between dirham- and U.S. dollar-denominated tranches.
He succeeds Mohammed Abdulrahman al-Bahar, who died earlier this month.
The qualified investor funds (QIFs) can be offered only to experienced professional investors and require less regulation.
Kuwait’s Americana issued a statement earlier this week saying it had no knowledge of any talks with Savola on a possible acquisition.
Outpatient numbers grew by nearly 14 per cent and in-patient numbers by 12 per cent during the first half of the year.
The Kingdom’s bourse is expected to open to direct investment by foreign institutions in the first half of next year.
The Kingdom’s benchmark rose for the 13th time in 15 sessions on Sunday to reach a new six-year peak.
Qatar National Bank will have its foreign inclusion factor raised to 0.13 from 0.06, Industries Qatar to 0.13 from 0.06, and Qatar Islamic Bank to 0.25 from 0.21.
Mesaieed’s shares rose five per cent to a five-month high on Thursday after MSCI’s initial statement last week.
The bank is accused of making undisclosed payments to investor Qatar Holdings in 2008.
Funds from the loan will be used for general corporate lending purposes, it said.
The company’s shares jumped as much as 10 per cent – their daily limit – in early trade.
The listing is expected to raise Dhs8-Dhs9 billion, making it one of the region’s largest equity offers since 2008.
Sources suggested that the new sukuk, if successful, would be used to refinance a $1 billion syndicated loan taken in May 2012.
High unemployment, sluggish reforms and conflicts in Ukraine, Gaza and Iraq are holding back the region.
Savola said in a bourse filing that talks have not yet reached a stage that would require disclosure.
KFH, whose former chief executive Mohammed al-Omar retired in May, did not say when it expected the regulator to respond.
The Abu Dhabi-owned oil explorer and power supplier said that the project does not match the company’s growth strategy.
The emirate also sent out requests for proposals for an Islamic bond deal in June.
TAQA reported a net profit of Dhs239 million ($65.1 million) for the second quarter compared with a loss of Dhs172 million a year earlier.