A total of 814 runaway cases were recorded in the emirates by the end of Q4, according to Coface
The ministry has also set up a mechanism to reimburse contractors within 60 days
The bank also hopes to roll Liv. out over the next year or so to Saudi Arabia and Egypt
The bank is offering blockchain payments after partnering with US-based Ripple
Abu Dhabi’s largest lender saw higher lending fees and insurance sales
The emirate’s second-largest bank by assets made a net profit attributable to shareholders of Dhs1bn
VAT will be implemented across the GCC from early next year
Strategy& said private sector participation and the privatisation of state assets could save hundreds of billions of dollars
Al Hilal’s CFO Craig Bell will assume the position of acting CEO
The number of UAE residents applying for personal loans dropped in 2016
MSCi said it could launch in June a review of whether to include Saudi in its emerging market index
The proposal included a 6 per cent tax on expat remittances
The lender made a net profit of Dhs441m in the three months to December 31
The bank made Dhs1.37bn ($373m) in the three months to December 31
Saudi Arabia was found to have the second highest gross salaries in the MEA region
The new fund, Mubadala Investment, will be run by CEO Khaldoon al-Mubarak
Securing funds remains a hurdle for entrepreneurs looking to get their initiative off the ground
Abraaj bought a majority stake in Chilean home designer Casaideas
Abraaj has invested in more than 40 African companies spanning healthcare, mining and dairy
Applications from 77 other firms are being reviewed
Contractors in Saudi Arabia have had to deal with delays to projects and late payment
This is Qatar’s first domestic government debt offer this year
The bank reported a 2 per cent rise in annual net profit for 2016
QNB completed the 2.7bn euro purchase of Finansbank, Turkey’s fifth-largest private lender, in 2016
Centralway Numbrs CEO Martin Saidler said the company planned to use the backing to roll out new features
MSCI will decide in June whether to review Saudi for inclusion in its emerging market index
The talks are at an early stage but “signs so far are positive”, a source said
The new initiative, called FinTech Hive, will focus on providing mentorship to start-ups and entrepreneurs
Emirates NBD noted a jump in construction activity and sentiment during the month but relatively little job growth
The move is part of a drive to attract more foreign investment