National Bank of Abu Dhabi attributed the profit increase to higher investment and interest income.
The private equity firm said earlier this month that it plans to announce a new deal in early February.
Standard & Poor’s has ranked the state as BBB, as has Fitch while Moody’s ranks it Baa1.
Islamic banks must confront the regulators to grow their products.
The UAE-based lender plans to launch a conventional bond in the coming few days, say sources.
The proposal would be the first time Kuwait has given out financial aid.
The bank earned 447 million riyals in Q4. Analysts had forecast profit of 452.4 million riyals.
The UAE central bank is still holding negotiations with the Emirates Banks Association and no rule has been issued as yet.
Bassel Gamal will be responsible for “all the companies and institutions affiliated to QIB inside Qatar and abroad.”
Speaking at the World Economic Forum, Badr al-Saad fears the decline of the yen.
PwC survey reveals that only 36% of CEOs worldwide are ‘very confident’ of their company’s growth prospects in the next 12 months.
The two-tranche bond includes a $500 million 30-year conventional bond and a $750 million 10-year Islamic bond.
The refinery, which produces 270,000 barrels per day, will be closed for maintenance from April to May.
The Bahraini investment firm has acquired a stake in US-based FishNet Security for an undisclosed sum.
The Kingdom has budgeted expenditure of SAR820 billion for 2013, 19 per cent higher than the amount budgeted for 2012.
The trip follows the withdrawal of Qatar last week from a multi-billion euro tender to develop Athens’ old airport.
The emirate issued a $750 million 10-year sukuk, as well as a $500 million 30-year conventional bond.
Around 14,000 people are now employed in the Dubai International Financial Centre.
Investment firm Amwal AlKhaleej says it has exited its investment in Saudi’s Al Rowad Education Group for a “very high return.”
Kuwait-based Arab Fund for Economic and Social Development has a capital base of around KWD2 billion.
The government has mandated four banks to arrange the Islamic bond, according to sources.
National Bank of Kuwait posts profits of $1,085 million for 2012, one per cent growth on the previous year.
The Saudi conglomerate owned by billionaire Prince Alwaleed made a net profit of $55.9 million in the fourth quarter of 2012.
The central bank governor has reportedly claimed that the new rules are not imminent.
Full-year 2012 profits stood at OMR40.7 million, up 19 per cent compared to 2011.
The bank’s net profit fell to 869 million riyals compared to forecasts of 1.1 billion.
The Gulf bank is buying a 77 per cent stake in National Societe Generale Bank.
The central bank is believed to be cooperating with the EBA on the plan.
The mortgage lender is in talks with a creditor committee and Dubai’s largest banks.
A report by the lender has warned to be wary of the US fiscal cliff, the on-going Euro crisis and the Chinese economy.