Flags will be placed beside company names on the Saudi Stock Exchange website when they exceed 20, 35 and 50 per cent losses
Abu Dhabi Commercial Bank, Union National Bank and Abu Dhabi Islamic Bank denied merger plans
ADCorp has been established with $100m of authorised capital
The transaction is expected to be completed in the first half of 2017
A report claimed the PIF is reviewing the sale of stakes in local companies as it seeks to diversify its portfolio
The move will allow more investors to clear transactions in yuan
NRIs in the UAE will only be able to exchange their 1,000 and 500 rupee notes in India
The bank expects retail lending growth to halve to around 5 per cent as the market slows
U.S. and European banks are continuing to scale back their relationships with Gulf banks
It is the second time in recent years that the company has been forced to renegotiate its financial commitments
Riyad REIT was capitalised at SAR500m
The payment delays have seriously damaged some companies
Russia’s agriculture and food production sector has been growing
Finance firms in Britain fear they will lose their licences that allow them to sell their services across the EU
Investors fear a Trump victory could cause global economic and trade turmoil
Van Linder will replace Peter Baltussen, whose retirement was confirmed by the bank last month
The loan would come ahead of NBAD’s planned merger with FGB in early 2017
The company said it was the region’s first licensed equity crowdfunding platform
Mall of Oman is expected to open in 2020
Projects in latest budget will not rely on new taxes or additional fees, finance ministry says
Prosecutors are still deciding whether to press charges against Arab TV owner and Basra MP
Despite the hit from bad SME loans, the bank’s CEO said it was “firmly committed” to the business
The office will be ADIA’s only overseas location
Peter Baltussen joined the bank in 2006
NBAD is currently in a merger process with rival First Gulf Bank
The value of the transaction was not disclosed
ADGM, the emirate’s financial free zone, allows fund managers to set up funds for all types of investors
The deal will double Investcorp’s assets under management
Profit was hit by the bank putting aside more cash to cover for bad loans
The banks announced in July that their boards had approved the tie-up