Emirates NBD plans to meet investors on roadshows in Asia, London and the UAE.
Carlyle acquired its 30 per cent stake in General Lighting for an undisclosed amount in March 2010.
Dubai hopes to tap into the trillion-dollar Islamic finance industry and has ambitious aspirations to become the global hub. Can it succeed?
ADIA said John McCarthy will oversee its existing portfolio and originate new transactions.
The firm is currently undertaking a KD1 billion debt restructuring plan agreed in 2011.
The early guidance has the five-year bond pricing in the area of 275 basis points over midswaps.
The investment bank said the quarterly net loss narrowed to Dhs5.9 million dirhams ($1.6 million) from Dhs8.5 million a year ago.
The Saudi Arabian Monetary Agency sent banks a circular in April giving them three months to list the types of jobs that could be reserved entirely for Saudis.
The oil and gas sector, along with banking and finance, will see wage hikes.
First-quarter net income rose to $66 million from $57 million in the year-ago period, with operating income up 16 per cent.
Previously, firms debuting on the Tadawul had unrestricted price movement on their first day of trading, meaning shares often soared before falling back later.
Earlier this month the Abu Dhabi government said it would set up a full-service financial zone on an island near the city’s downtown.
Bank of Muscat lost $40 million and UAE-based RAKBANK lost $5 million in the global heist.
The IPO has been postponed pending necessary approvals.
The country is mainly eyeing investments in energy, logistics and infrastructure.
Bank Muscat had reported in February that its pre-paid travel cards were hit by fraud, forcing it to take a 15 million rial ($39.0 million) loss provision.
Rakbank suffered a $5 million coordinated heist at ATMs around the world in December while Bank of Muscat lost $40 million in February.
TDIC made a net loss of Dhs2.17 billion in 2012 due to impairments and depreciation compared with a loss of 1.27 billion in the previous year.
With a steady availability of capital, Qatar’s sovereign wealth fund has been making opportunistic investments around the world, especially in Europe.
Commercial banks have ensure that at least five per cent of their total loans are given to small and medium-sized firms.
The insurance product is designed to boost the credit ratings of sukuk for sovereign issuers.
DFM made a first quarter net profit of Dhs27.03 million.
The companies were identified as Al Hilal Exchange and Asia Exchange Centre.
The proposed deal is the last big debt restructuring related to Dubai’s 2008-2009 financial crisis.
Abdulaziz Al Helaissi is rumoured to become the new deputy central bank governor.
Both Al Suwaidi Power Co and Al Batinah Power Co aim to each offer a 35 per cent stake to the public.
Last year, an international arbitrator told Kuwait’s Petrochemical Industries to pay up for pulling out of a K-Dow joint venture in 2008.
The emirate may issue another sovereign bond this year, says senior official.
The new legislation will allow small and medium-sized firms to use machinery and other assets to back loans.
The Saudi billionaire’s investment vehicle plans to sell its stake in 20-30 hotels in the next two years.