Gulf International Bank picked JP Morgan Chase, NBAD, Barclays, Standard Chartered and Societe Generale to arrange the deal.
A report by HSBC shows exporters in the region are worried buyers will fail to settle transactions in coming months.
The move comes as the Kingdom prepares to open its stock market to direct investment by foreign institutions.
GDP growth in the GCC region is expected to slow to 3.75 per cent in 2013 as oil production stalls, says IMF.
The investment bank which has been through three CEOs in the past year posts Q3 loss of $3.78 million.
The country has released 290 people convicted of bouncing cheques, reports official WAM news agency.
US authorities are reportedly investigating whether Barclays made any improper payment to win a banking licence in Saudi.
Qatar National Bank said that the bond attracted strong investor interest and was several times oversubscribed.
The lender is set to raise $500 million from its offering after big investor interest for its debut deal.
A report from the UK-based lender says the emirate’s overall debt burden remains a challenge.
UAE investors are holding onto their cash and assets amid the uncertain economic outlook, however India is a favourite for investment.
Price guidance for QNB’s new bond was released at 155 basis points over midswaps, with transaction expected Wednesday.
With global markets in flux, fixed income is becoming the new favourite for regional investors.
Aventicum Capital Management will focus on investments in emerging and frontier markets in the Middle East and Turkey.
Khalifa Mohammed al-Kindi is the new chairman while Sultan Nasser al-Suweidi remains governor of the bank.
The company’s profit rose as it booked gains in the fair value of its investment properties.
The lender has made new appointments to establish a family office for the super rich and begun an Islamic private banking service for rich Muslims.
Norway’s Government Pension Fund Global has beaten the emirate to the top spot with assets worth $656.2 billion.
The dairy company raised SAR1 billion through the first tranche of a Sukuk in March this year.
DIB’s quarterly net profit remains flat despite a jump in provisions with impairments worth Dhs309 million.
The two banks signed a partnership agreement to cooperate in trade and project finance.
Unless you diversify and explore all the options in the market, you will not get the returns you expect, say experts.
Dubai Financial Market said revenue increased 16 per cent during the quarter to Dhs36.8 million.
Local banks will have home-advantage when financing infrastructure projects but smaller assets than international lenders.
Abu Dhabi Commercial Bank posted a net profit of Dhs595 million, as non-interest income declined.
NBAD now expects lending to grow between four to eight per cent this year, down from its earlier forecast of 10 per cent.
The US Federal Energy Regulatory Commission may seek a $435 million civil penalty and roughly $35 million in disgorgement from the lender.
GCC cities fail to feature in World Economic Forum’s report as top six places remain unchanged.
NBAD, which opened an office in Shanghai earlier this year, plans to expand its presence in Asia.
As per the budget, total spending for the year will be Dhs44.6 billion.