Ominvest also has plans to list part of Oman Arab Bank on the Muscat bourse.
Emirates NBD’s offer was highest in a second round of bidding that took place in December.
The Saudi lender’s issue was around 2.2 times covered by investors.
Interest in deals is up say experts, but closing deals is still lacking as billions of dollars in dry powder lies waiting.
Following complaints from several banks, requirements on liquid assets have been postponed.
Qatar’s Masraf Al Rayan will have until the new year to decide on a proposed takeover of the lender.
The sale is expected to be completed in the first half of 2013.
As part of the partnership, the car manufacturer will explore the viability of setting up an automotive facility in the Kingdom.
HSBC Holdings will pay the biggest fine in banking history after violating US rules aimed at preventing money laundering.
National Bank of Abu Dhabi aims to be in 41 countries by 2021, compared with 14 right now, said a senior manager.
Saudi is currently the world’s largest market for Islamic assets, says new report by Ernst &Young.
Tradable allows users to download crowd-sourced apps tailored specifically to suit their needs.
Falcon Private Bank plans to acquire wealth management boutiques that manage between $500 million and $4 billion in assets.
The agreement between the Abu Dhabi financial services firm and Sberbank is expected to facilitate more investment in both the regions.
The international agency has cut ratings for three lenders in the emirate, and put a fourth on review.
Dubai features among the top 25 global destinations for hotel investment in 2012, according to a new report.
UAE banks are gunning for a slice of the growing Chinese economy.
The lender already paid $340 million to New York’s Department of Financial Services in Q3 2012.
Johannes Jooste, head of strategy for EMEA at Merrill Lynch, advises equities over fixed income.
Bank of America Merrill Lynch is looking to improve its regional banking operations.
The US Department of Justice is investigating if the alleged Barclays’ bribes were replicated at other banks.
Abu Dhabi National Energy Co (TAQA) has $1.75 billion in bond maturities next year.
Qatar Holding now owns 88 per cent of the bourse, with NYSE Euronext holding the remaining 12 per cent.
The Saudi national will take up the role of co-chief exectuive and head of investment.
Gulf Business brings you the top 10 banks in the UAE with the heftiest third quarter profits this year.
A senior Dubai government official says the UAE has adequate funds to build its multi-billion dollar projects.
Hussain Al Qemzi says that it’s not easy to adhere to the central bank’s regulations on lending to GREs.
Former CEO Shahzad Shahbaz left the Qatari investment bank last week.
International Petroleum Investment Company (IPIC) plans to issue a dual-curency bond spread across two tranches.
Sultan bin Nasser Al Suwaidi says that the banking sector in the country has stabilised and lenders have a solid capital base.