UAE's NBAD partly repays post-Dubai World govt support

The sum was part of 5.6 billion dirhams provided by the government in January 2010 as part of a wider move to support the UAE banking system in the aftermath of Dubai World's 2009 $25 billion debt restructuring standstill request.


BLME offers funding to UK property developers

The facility will be used to finance the construction of 95 one and two bedroom apartments and redevelopment of three existing properties as part of a new retirement housing development Edgbaston, Birmingham.


UAE Exchange Opens New Branch in Malaysia

After offering quality service to its customers for many years, Fast Remit SdnBhd has now become a part of UAE Exchangeand henceforth will be known asUAE Exchange Malaysia Sdn Bhd.


UAE fund rules seen as ‘natural evolutionary development’

As reported, the Emirati Securities & Commodities Authority (ESCA) quietly and unexpectedly unveiled the long-awaited new rules at the end of July – four days after the start of Ramadan, and at a time of year when many Emiratis leave the UAE to


UAE unveils tighter rules for funds

International and regional asset managers have flocked to the Dubai International Financial Centre in recent years, making it the best-developed financial free-zone in the Gulf


NBAD picks banks for 7-year bond

National Bank of Abu Dhabi, the largest lender by market value in the UAE, picked four banks to arrange a benchmark-sized bond issue which could price within a day, lead arrangers said on Monday.


Investcorp planning expansion in region

Responding to client demand and subject to regulatory approval, Investcorp is set to expand in the Gulf, while maintaining its significant historical presence in Bahrain.


Masraf Al Rayan launches brokerage firm

The company said that ARB had already employed a team of highly-qualified professionals to extend the best Islamic investment and brokerage practices and services.


Emaar Q2 profit soars 146%

The second quarter profit beats the forecasts of three analysts polled by Reuters, who on average had expected Emaar would make a net profit of Dh516.33 million.


Leading Swiss private bank launches new fund

The fund invests in securities of companies located throughout the world that are engaged in mining or processing gold, a statement from the bank said. A part of the net assets of the fund can be invested in companies that mine or process other precious m