Majid Al-Refai will serve four years in jail for a number of crimes during his tenure as CEO of Bank Alkhair.
The Arab state will need to attract conventional rather than Islamic investors due to the lack of sukuk.
UAE mall developer Majid Al Futtaim Holding plans to issue a dollar-denominated bond this year.
Media reports had claimed that Etihad and Qatar Airways were eyeing a minority stake in the Indian budget carrier.
Women athletes from the Kingdom will be allowed for the first time to compete in the London Olympics.
At least seven governments have stepped down in recent years because of political deadlock.
Trade links between the two countries have never been stronger as new figures reveal the growing relationship.
The emirate has seen consumer confidence rise in the first quarter of the year, say official statistics.
Global news agency Thomson Reuters buys MENA-based online platform Zawya for an undisclosed amount.
Abu Dhabi’s sovereign wealth fund expects emerging market stocks to outperform in the long-term.
The Omani bank plans to use the proceeds from the sale to fund credit expansion and its foray into Islamic finance.
Majid Al Futtaim has begun choosing banks to arrange investor meetings ahead of a second bond issue.
The Gulf state is looking to increase it’s stake in China’s stock and bond markets along with ADIA.
Egypt’s newly-elected President receives support from US equivalent as does his rival Shafik.
The Muslim Brotherhood’s Mohamed Morsy has promised a moderate, modern Islamist agenda for Egypt.
The investment company, which plans to launch an IPO, raised Dhs100 million from the sale.
The free zone has repaid the Islamic loan five months early and consequently received a rating upgrade from Fitch.
Contracts have been signed for the construction of projects in Ras Al Khaimah and Khor Fakkan.
Qatar plans to buy four hotels from Starwood for around $940 million, according to French media reports.
While official election results will be announced today, the Brotherhood’s Morsy is expected to win.
The new pipeline is expected to end the UAE’s dependence on the shipping route that Iran has threatened to block.
The UAE and Qatar have not been upgraded to emerging markets status by index compiler MSCI.
Poor outlook for the US economy and rising supply pushed oil prices to around $92 per barrel on Thursday.
The number of Lebanese visitors staying at Dubai’s hotels rose two per cent year-on-year during Q1 2012.
Although the stock market is down 14 per cent from this year’s high, investors are positive on earnings.
First four months of the year see the sultanate’s revenue jump by 40 per cent to 4.6 billion rials.
Prominent opposition lawmaker resigns calling the court’s ruling ‘a coup against the constitution’.
Regional banks are on the prowl to snap up Middle Eastern arms of European banks looking to sell.
The construction company will use the amount to refinance existing debt and fund expansion.
The wealthier GCC states had planned to create an aid fund to assist Bahrain and Oman combat social unrest.