Dubai Lender Amlak’s Bourse Suspension To Be Lifted

Trading in shares of Amlak was suspended in November 2008 as credit markets dried up.

First Gulf Bank Names ANZ, HSBC, Nomura For Debut 5-Yr Kangaroo

The five-year deal will be only the fourth Kangaroo transaction from a Middle Eastern bank.

Kuwait’s Agility 2013 Profit Rises 37%

Net profit in 2013 was 46.2 million dinars ($164.1 million) compared to 33.7 million dinars a year earlier.

Bahrain’s Khaleeji Commercial, Bank Al Khair Drop Merger Plans

The non-agreement on the structure and the valuation of the deal were the primary reasons to call off the merger, a statement said.

Saudi Market Recovers, Hits Five-Year High

The Saudi index, which includes several large petrochemical companies, eased throughout last week as oil prices retreated.

Dubai Investments To Lift Foreign Ownership Cap To 35%

Foreign investors now hold 13.7 per cent of Dubai Investments’ shares out of the total 20 per cent allowed, bourse data showed.

Dubai’s Emirates Reit Sets IPO Price Range At $1.36-1.56

The company will issue as many as 110.3 million new shares with an over-allotment option of 16.5 million additional shares.

UK Private Equity Firm CD&R Frontrunner For Dubai-Owned Mauser -Report

If it goes ahead, the sale of Mauser would be one of the largest asset disposals by the emirate since its debt crisis in 2009.

Air Berlin To Be Delisted; Etihad To Lift Stake – Report

Air Berlin needs to remain German so as not to lose its traffic rights outside the European Union, a German weekly reported.

Oman Plans To Privatise One More Company In 2014

Oman’s government has said it would revive its privatisation programme to raise revenue and stimulate the private sector.

Dubai-Based Digital Media Firm Bags $5m Investment

Paris-based Webedia has bought a majority stake in digital media firm Diwanee.

Saudi Investment Bank Picks Riyad To Arrange Sukuk – Sources

The sukuk will enhance the bank’s Tier 2 – or supplementary – capital.

GrowthGate Capital Plans Dubai IPO For Logistics Firm

The share sale is expected to take place on Dubai Financial Market around the end of this year.

Qatar Spending Jumps 33% In First Half Of 2013/14 Fiscal Year

Expenditure in April-September accounts for a little over 44 per cent of the record 210.6 billion riyals Qatar plans to spend in the 2013/14 fiscal year.

Kuwait Regulator May Delay Enforcement Of Governance Rules

The Capital Markets Authority issued the regulations in June 2013, giving companies until the end of 2014 to implement them.

Growth Of Qatar’s Islamic Banks Falls Near Conventional Peers

Islamic banking assets grew 12.2 per cent in 2013, compared to the 11.2 per cent growth posted by conventional banks last year.

Dubai DP World Blames Tough Market As Annual Revenue Falls

The world’s fourth-largest port operator posted annual revenues of $3.07 billion for 2013, down 1.5 per cent on 2012.

Most Dubai Firms Will Not Hike School Allowances In 2014 – Survey

Only a quarter of Dubai firms will increase schooling allowance for employees this year, says a Mercer study.

Dubai Mulls New Islamic Export-Import Bank To Boost Trade

The Dubai Department of Economic Development is currently conducting a feasibility study along with Noor Investment Group.

Two Abu Dhabi Banks Vie For Barclays UAE Retail Ops – Sources

The lenders – Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank – are now the frontrunners to acquire the business.

Dubai Silicon Oasis Profit Rises 23.5% in 2013

The number of firms operating under DSOA grew to reach 929, the company said.

Bahrain’s GFH Eyes Share Capital Reduction, Convertible Sukuk

The Islamic investment firm’s unit is in the process of selling a majority stake in English soccer club Leeds United.

Emirates Steel Cuts Banks, Pricing As Loan Oversubscribed

The loan, which refinances an existing $1.1 billion facility, attracted commitments from lenders worth more than $5 billion.

Bahrain Fund Mumtalakat Plans No Bonds In 2014, To Pay Off Small Loan

Mumtalakat had $7.1 billion of assets under management at the end of September and holds stake in 40 firms in Bahrain’s non-oil sector.

GCC’s Uber Wealthy On An Investment Spree – Survey

Around 90 per cent of the GCC’s high net worth individuals are more focused on wealth generation than preservation.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Emaar Plans Dubai, London Listing For Retail Unit

Dubai’s largest listed property developer has said it would list 25 per cent of its shopping malls and retail unit.

Kuwait’s Gulf Bank Names Cesar Gonzalez-Bueno New CEO

Bueno replaces Michel Accad who resigned in October last year.

Middle Eastern Property Investors Turn West As Regional Instability Continues

London remained the favourite Western destination for regional real estate investors.

Coutts Exec Dugan Resigns To Join NBAD As CIO -Sources

Prior to joining Coutts, Dugan was CIO of Dubai’s Emirates NBD.

Pakistan Central Bank Blocks Kuwait’s Noor From Selling Meezan Bank Stake

Pakistan’s central bank stated the prospective buyer had not met its standards for suitability.