Al Habtoor to front $1.7bn raid on London hotels – report
Khalaf Al Habtoor, the Dubai-based businessman and chairman of the Al Habtoor Group, is fronting a consortium of “Middle Eastern…
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Abu Dhabi-backed Carlyle sells London office for $514m
US private equity giant Carlyle Group, in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, has completed…
DIFC favours single Sharia board for all institutions
The DIFC is considering creating a single centralised Sharia board for the DIFC, in order to widen the acceptability of…
Islamic banks drop ‘Islam’
Islamic banking is based on core principles of the religion. So it is striking that some banks are removing…
Saudi Hollandi Bank Q2 net profit jumps 28.1 pct on higher income
Saudi Hollandi Bank posted a 28.1 percent increase in second-quarter net profit on Sunday, boosted by higher operating income. …
Middle East infrastructure sector needs increasing private finance
Despite the wealth of many of the Middle East region’s governments, private finance is expected to play an increasingly important…
CBD arranges Dh200m for acquisition of Movenpick Hotel – Jumeirah Beach
Commercial Bank of Dubai, or CBD, announced that it has arranged a financing of Dh200 million on behalf of BMJBR…
BMI Bank appoints new Board of Directors
BMI Bank, a subsidiary of Al Salam Bank – Bahrain, announced that its newly appointed Board of Directors had unanimously…
Qatar’s first female investment bank boss appointed
Mira Hamad Abdullah Al Attiyah has been named as QNB Capital’s new CEO, the investment banking arm of Qatar National…
$500,000,000 term loan facility for Arab Banking Corporation
Arab Banking Corporation announced that it has mandated HSBC, National Bank of Abu Dhabi PJSC, Natixis and Sumitomo Mitsui Banking…
Middle East Investors Expected To Spend Us$180 Billion In Global Real Estate Markets Over Next Decade
Middle Eastern investors are expected to spend US$180 billion in commercial real estate markets outside of their own region over…
Gulf banks start to muscle in on global bond deals
When the Kenyan government issued a debut $2bn Eurobond last month, most of the lead arrangers were top Western and…