Prince Alwaleed has asked to be removed from the list and Kingdom Holding Company officials will no longer work with Forbes.
Mohammed al-Shaibani, CEO of the Investment Corporation of Dubai said that Dubai had a plan to deal with debts maturing in coming years
The dollar-denominated Islamic bond is expected to be benchmark-sized.
The UAE’s Ministry of Finance placed Dhs70 billion ($19.1 billion) with banks after the 2008 financial downturn.
Investcorp has been selling assets and making new investments as financial markets recover from the Arab Spring.
Awqaf are believed to control tens of billions of dollars worth of assets around the Muslim world.
Inflation in the Kingdom reached a seven-month high of 4.2 per cent year-on-year in January.
The new company, called Noor Awqaf, is being set up with a share capital of Dhs10 million.
Gulf Business brings you the top 10 banks in the UAE that made the largest profits last year.
The Japanese investment bank plans to increase business across investment banking advisory, debt and equity capital markets.
The utility printed the five-year paper at par at a profit rate of three per cent.
The asset sale is part of the Dubai Group’s $6 billion restructuring process, said officials.
Sultan Al Suwaidi said that a well developed local debt market would buffer the country from the next global economic crisis.
The UAE lender made a net profit of Dhs1.15 billion in the fourth quarter of 2012.
The emirate is hoping to become a global hub for Islamic finance and other businesses based on Islamic principles.
The 15-year bond will allow NBAD to directly access Japanese retail investors.
The new firms will be listed as Tier-2 stock without the need for initial public offerings.
Qatar’s sovereign wealth fund plans to invest in the Russian state-owned bank.
The lender said 12 prepaid travel cards were compromised outside of Oman.
DEWA CEO Saeed Mohammed al-Tayer indicated last week that the sukuk would be $1 billion.
The UAE’s national railway network will span 1,200 kilometres and form part of the planned Gulf-wide railway network.
Industrial and Commercial Bank of China’s Middle East unit posted a pre-tax profit of $54 million in 2012.
Investment Corporation of Dubai, which controls some of Dubai’s top companies, expects to complete a deal this year.
There are now 18 banks in the sultanate after last year’s merger between the local business of HSBC Holdings and Oman International Bank.
Qatar National Bank had planned to buy 77 per cent of National Societe Generale Bank last year.
Etisalat is talking to banks about a syndicated loan of up to $8 billion to finance the potential transaction.
Wafik Nsouli will take charge as executive director and head of institutional equity sales
The Dubai-listed company has proposed to pay a cash dividend of 5 fils per share to its shareholders.
The Dubai developer’s shares jumped 4.6 per cent to hit Dhs5.15, its highest close since November 2008.
The UAE lender will issue a benchmark-sized five-year bond and also a ten-year subordinated deal.