Governor of DIFC says interest from markets such as China, India and the Middle East increased the number of firms by 10% in 2016
The private banking arm of Singapore’s second-biggest lender OCBC said that Dubai will be the hub, from where it will cover the MENA region
The size of the deal is likely to be larger than a benchmark issue, which conventionally means upwards of $500 million
Abu Dhabi Investment Council now holds a 62.52% stake in ADCB, instead of the the previous 58.08%
A total of five banks have been granted approval by the Morocco central bank to open branches in the country
The rights issue will increase the bank's paid up share capital from 3.93 billion dirhams to 5.43 billion dirhams
ADCB, Union National Bank, and Abu Dhabi Islamic Bank each denied they were involved in merger plans
The sharia-compliant loan will be used to back Ajman Bank's future growth
Central bank governor expects economic growth to edge up with the help of oil prices
The UAE's largest sharia-compliant lender is the third major Dubai-based lender to report weaker earnings growth this quarter after Emirates NBD and Mashreq
The new loan carried a margin of 1.25 basis points over the London interbank offered rate
The two banks confirmed they were in talks to 'review the commercial potential'
The Gulf Arab state's third-largest lender by assets will use the funds to "strengthen the bank's capital adequacy ratios"
In a mixed fourth-quarter reporting period, UNB was one of the worst performers with a 55 percent profit slump compared with the year before