DUBAI (Reuters) – Emirates NBD ENBD.DU (ENBD), Dubai’s largest lender, has hired six banks to help arrange a benchmark-sized subordinated bond sale, four sources familiar with the plan said, as it seeks to reduce government support for its capital ratios.

ENBD has hired HSBC Holdings (HSBA.L: Quote, Profile, Research, Stock Buzz), National Bank of Abu Dhabi NBAD.AD, Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz), J.P. Morgan Chase (JPM.N: Quote, Profile, Research, Stock Buzz), Societe Generale (SOGN.PA: Quote, Profile, Research, Stock Buzz) and itself for the planned sale, two of the sources said, speaking on condition of anonymity as the matter is not public.

DUBAI, March 10 (Reuters) – Emirates NBD (ENBD),
Dubai’s largest lender, has hired six banks to help arrange a
benchmark-sized subordinated bond sale, four sources familiar
with the plan said, as it seeks to reduce government support for
its capital ratios.

ENBD has hired HSBC Holdings, National Bank of Abu
Dhabi, Citigroup Inc, J.P. Morgan Chase,
Societe Generale and itself for the planned sale, two
of the sources said, speaking on condition of anonymity as the
matter is not public.

DUBAI (Reuters) – Gulf investors are far less nervous about the possibility of a U.S. or Israeli strike against Iran after the re-election of U.S. President Barack Obama, paving the way for further stock market gains in the world’s top oil producing region.

A year ago, investors – already grappling with the Arab Spring unrest that toppled regimes in North Africa – viewed the threat of a strike on Iran’s nuclear facilities and Tehran’s possible retaliation against U.S. interests in the Gulf as the number one risk in the region.

DUBAI (Reuters) – Dana Gas DANA.AD is set to become the first United Arab Emirates (UAE) company to fail to pay an Islamic bond on maturity, three sources familiar with the matter said on Tuesday, sending its stock and bond prices sharply lower.

The UAE’s largest listed natural gas firm, hit by payment delays from Egypt and Iraq’s Kurdistan region, will not repay a $920 million convertible Islamic bond, or sukuk, when it matures on Wednesday, the sources said.

DUBAI, Oct 30 (Reuters) – Dana Gas is set to
become the first United Arab Emirates (UAE) company to fail to
pay an Islamic bond on maturity, three sources familiar with the
matter said on Tuesday, sending its stock and bond prices
sharply lower.

The UAE’s largest listed natural gas firm, hit by payment
delays from Egypt and Iraq’s Kurdistan region, will not repay a
$920 million convertible Islamic bond, or sukuk, when it matures
on Wednesday, the sources said.

DUBAI (Reuters) – Dana Gas DANA.AD is set to become the first United Arab Emirates (UAE) company to fail payment of an Islamic bond on maturity, three sources familiar with the matter told Reuters on Tuesday.

The UAE’s largest listed natural gas firm, hit by payment delays from Egypt and Iraq’s Kurdistan region, will not repay a $920 million convertible Islamic bond, or sukuk, when it matures on Wednesday, the sources said.

DUBAI, Oct 30 (Reuters) – Dana Gas is set to
become the first United Arab Emirates (UAE) company to fail
payment of an Islamic bond on maturity, three sources familiar
with the matter told Reuters on Tuesday.

The UAE’s largest listed natural gas firm, hit by payment
delays from Egypt and Iraq’s Kurdistan region, will not repay a
$920 million convertible Islamic bond, or sukuk, when it matures
on Wednesday, the sources said.

DUBAI (Reuters) – Bahrain Telecommunications Co BTEL.BH is in talks with Cable & Wireless Communications (CWC.L: Quote, Profile, Research, Stock Buzz) to buy its assets in Monaco and a host of island nations, a deal potentially worth around $1 billion, three banking and industry sources said.

Batelco, whose move to buy a stake in Zain Saudi 7030.SE collapsed last year, is circling the Monaco & Islands portfolio of CWC, the British telecoms group operating in the Caribbean and formed through a demerger of Cable & Wireless in 2010.

DUBAI (Reuters) – HSBC (HSBA.L: Quote, Profile, Research, Stock Buzz), Europe’s largest bank, is buying the onshore retail, corporate and commercial banking business of Lloyds Banking Group (LLOY.L: Quote, Profile, Research, Stock Buzz) in the United Arab Emirates, to strengthen its Middle East presence.

HSBC is buying gross assets valued at $769 million at the end of 2011 and is expected to complete the deal in the second half of this year.

Dubai/Rio de Janeiro, March 26 (Reuters) – Abu Dhabi state
investment fund Mubadala said on Monday it will buy a
$2 billion stake in Brazil’s EBX Group, providing fresh capital
to the Brazilian conglomerate as it boosts spending on oil,
ports, shipyards, mines and electricity.

Mubadala, which has stakes in General Electric and
private equity firm Carlyle, said the investment will
give it a 5.63 percent preferred equity interest in Centennial
Asset Brazilian Equity Fund, the personal investment company of
Brazilian billionaire Eike Batista, who is behind the EBX Group.