The building company reported accumulated losses of Dhs4.6bn last year
A 50 per cent levy will be imposed on soft drinks and 100 per cent on tobacco and energy drinks
Close to 180 companies are listed on the Saudi stock exchange currently
Saudi Oger is struggling because of cuts in government spending and payment delays
The move comes as major shareholder Abu Dhabi Financial Group (ADFG) seeks to reduce costs
Khalid Abdulla-Janahi said a proposed tax on people with assets of more than $5m was an effective way of shrinking deficits
The merger of National Bank of Abu Dhabi and First Gulf Bank was completed April 1
Loan growth was up 33 per cent year-on-year to QAR536bn
Standard & Poor’s became the first foreign credit agency to obtain such permission last year
Saudi companies will not see their profits taxed
The company said the deal represented a 2.5 times increase in value for PRO since its 2014 acquisition
Oman was the third strongest market in terms of salary increases
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Kuwait was the third weakest market in terms of pay rises
Oman is struggling to cope with the impact of lower oil prices
Bahrain saw the second smallest salary increase over the last year
QIA was the second biggest shareholder in the Brazilian unit of Spain’s Banco Santander SA
The overall average monthly salary was up 0.98 per cent from $12,086 to $12,204
The Islamic bond is the oil giant’s first fundraising exercise aimed at diversifying revenue
Saudi Arabia showed the weakest salary growth across the GCC region
Former chief executive Khaled AlKhoori stepped down in late January
The head of corporate and investment banking at Mashreq will be taking on the role
The average monthly pay packet in the UAE rose 0.66 per cent in the last year from $11,276 to $11,350
The new bank would have assets worth more than QAR160bn
The new bank began trading on the Abu Dhabi Securities Exchange on Sunday
Dubai Holding’s previous chairman, Mohammed Abdullah al-Gergawi, resigned last month
The fund may also sell or reduce some of its existing stakes in companies
JPMorgan Chase & Co, Morgan Stanley and HSBC have been appointed as international financial advisers
Bank lending to the private sector showed year-on-year growth of only 0.3 per cent
The first sale of new residential property in the country will be subject to the zero rate of VAT