The potential increase will boost KFH’s capital to $1.24 billion.
A string of top managers have left the US lender’s MENA business this year.
Qatar Holding, the lender’s top shareholder, has monetised its remaining 379 million units.
US on course to slash budget deficit nearly in half next year, as serious negotiations to begin this week.
Card payment processor Network International has acquired a stake in TimesofMoney for an undisclosed sum.
The 15-year Sukuk is National Bank of Abu Dhabi’s third issuance in the South East Asian currency.
The Gulf state needs thousands of experienced industry professionals to bolster its finance practice.
The lender is not interested in overseas expansion unlike its rival Kuwait Finance House.
A short-lived recovery marked 2012 as Europe’s debt woes weighed heavily on global markets. Amid the continuing uncertainity, GCC stocks faced a mixed outlook.
With $4.4 billion needed to meet its first obligation, there are worries as to where the money will come from.
The local banking sector has ample liquidity and lenders are ready to grow, says Abdul Aziz Al Ghurair.
Few banks will continue to have a global footprint in the future, says Anshu Jain, co-chairman of Deutsche Bank.
Lender’s Anshu Jain tells business leaders in Dubai chances of Greece leaving have lessened.
Most residents fail to account for accumulated value of possessions over time, and cost of replacing clothing.
Dubai’s largest bank is targeting international revenues of around 20 per cent of its total by 2017.
USD likely to strengthen, while GBP and JPY could face pressure, reports Emirates NBD.
The new fund has a seed capital of $25 million and will invest mainly in dollar-denominated debt.
The global investment bank can exercise warrants after two years. The lender secured a loan facility for D&S last week.
The firm’s shares have not traded since last December when it accumulated huge losses.
Lender in new investigation into improper payments to win a banking licence in the Kingdom.
Al Madina Real Estate says it will issue a five year $130 million Islamic bond in Q1 next year.
The lender did not provide any reason for his resignation.
HSBC Middle East is taking over Lloyds’ retail, commercial and corporate banking business in the UAE.
Ex-PM of Australia pans Europe and says regional unemployment levels are ‘shocking’.
High crude oil prices helped to boost revenue in the country, according to official data.
The UAE’s second largest lender secures loan, up from original $800 million after demand from banks.
Global Investment House looks at legal options as it undergoes its second debt restructuring in three years.
Trading on shares is suspended as the French bank is close to selling its asset to QNB.
The emirate sees no need to recapitalise the support fund that helps state-linked bodies, said Sheikh Ahmed, head of the Supreme Fiscal Committee.