Ahmad al-Sayed has replaced former Qatari PM Sheikh Hamad bin Jassim al-Thani as CEO at Qatar Investment Authority.
Under an agreement with Indian bourse BSE derivatives exchange DGCX started trading futures for the S&P BSE SENSEX.
Ahmed al-Sayed has now been appointed chief executive of Qatar Investment Authority
Solid infrastructure and investor friendly policies have helped the country move up in a global FDI rankings list.
Real GDP growth quickened to 4.2 per cent in the first three months of 2013.
Kuwait Investment Authority, which has around $342 billion assets under management, has increased investment in Britain to over $24 billion.
Corporate lenders in the GCC are falling behind their global counterparts in other areas however.
The airline plans to lease the Airbus A380 aircraft from a finance company that will issue $630 million of bond-type certificates to fund the purchase.
The Gulf state upped its forecast from 4.8 per cent, citing changes to its expected output of oil and gas.
The personal finance application has 100,000 active users and plans to introduce a new planning and budgeting feature.
Emirates International Telecommunications is stepping up sales from its telecoms portfolio to help repay Dubai’s debt pile.
Emirates NBD had previously said Pudner will see out his role until the end of the year when the change of position is expected to happen.
Budget expenditure in the small non-OPEC oil exporter is now expected to total 3.62 billion dinars in 2013, up from 3.26 billion actually spent last year.
The amount will be mainly used to refinance existing paper.
Many of Dubai Holding’s units have had to hold talks with banks to extend liabilities and restructure debt.
The closing date for subscriptions has been extended to July 4 from June 23.
Sheikh Meshal Jarah al-Sabah says the bank recruited him to scupper Vivendi’s bid to acquire Zain’s operations in Africa.
Qatar had earlier planned to invest 50 million euros into businesses in French suburbs.
Aldar Properties and Sorouh Real Estate will trade as a merged entity with a capital of Dhs7.86 billion.
The Abu Dhabi-based lender has acquired Dubai First from the debt laden Dubai Group.
A study by Barclays Wealth shows a growing confidence of increasing fortunes compared to other global markets.
The sale will push the bank’s Tier 1 ratio towards its 17 per cent target for the end of 2013.
Gulf economies have ridden out the global financial crisis of the past five years more smoothly than many economists expected.
The UAE has revived a proposal to merge its two main bourses in a state-backed deal that could boost trading.
The sultanate’s central bank has issued a warning to the country which echoes a similar statement by the IMF last week.
A market for corporate bonds would help companies finance their expansion plans.
The entire valuation and the structuring of the deal has already been completed, say sources.
The Bahrain-based investment firm is buying a stake in Al Yusr Industrial Contracting Co from two members of its controlling family.
Porsche was forced to sell the stake to Qatar Holding in 2009 as a way to prop up its strained finances.
Banks’ total investment in equities and debt instruments must be limited to 25 per cent of their capital and reserves.