Dubai-based Emirates NBD and Mashreq Bank are eyeing the retail operations of Royal Bank of Scotland in the United Arab Emirates.
Dubai Holding, the investment conglomerate owned by Dubai's ruler, is looking at options that could include restructuring as much as $20 billion worth of debt, the Financial Times reported on Monday.
Qatar, which already holds stakes in German carmakers Porsche and Volkswagen, is eyeing further investments in Europe, Qatar's deputy prime minister told a German newspaper."In Europe and especially
Bahrain-based Islamic investment bank Unicorn is close to signing a "big" mandate for asset management services in Saudi Arabia, a senior executive said on Tuesday.
DP World shares rose to a three-week high on Sunday after a newspaper report said it may offer new shares to shareholders and troubled parent Dubai World could sell an additional stake.The port oper
Four Omani pension funds are interested in buying Dubai Holding's stake in Bank Muscat through a consortium, two officials close to the pension funds said on Sunday.
Qatar’s fourth-quarter budget surplus equaled 9.3 per cent of gross domestic product, the Central Bank said today on its website. The surplus fell from 16.4 perc ent in the third quarter, it said.
Iraqi inflation slowed to 5 per cent in March from 5.9 per cent in the previous month, the Central Organisation for Statistics and Information Technology reported on its website today.
Ahli Bank of Oman posted a 4 million-rial first-quarter profit compared with 3.15m rials in the year-ago period, according to a statement to the Muscat bourse today.
Lebanese group Byblos Bank posted a 23 per cent rise in first-quarter net profit to $38.6 million.
