The share sale was “a fraud on its shareholders”, the lawsuit said
Demand from Asia could fuel a pipeline of Saudi bonds after a debut issuance expected later this year
Banks and businesses need to enhance millennials’ online experience
Transfers by locals and remittances by foreign workers took a significant hit in July
Garry Beaton joins the fund from Ashmore Group
Assets shrank by 16 per cent year-on-year in July to their lowest level since February 2012
The Qatari bank is currently present in more than 30 countries worldwide
Revenues were down 32 per cent in the first half of the year
Earlier this year, Emirates Islamic cut around 200 jobs
Peter England said it would be a tough year for the bank despite some signs of improvement
The government began regular monthly sales in mid-2015 to help cover a budget deficit
Funds will be used to expand the platform internationally
The deal is subject to board approvals and due diligence
The MENA region recorded six IPOs in the second quarter of 2016
The funds add to a 2015 revolving facility
The move is expected to take effect at the start of next year
GCC gears up for one of its heaviest-ever periods of international issuance – possibly over $25bn by the end of October
An official said most banks participated in the offer
The facility was the first domestic government bond offer this year
In late June, Abu Dhabi announced it would merge Mubadala and IPIC
A central bank official said results of the offer would be known on Tuesday
Thursby’s departure comes ahead of the bank’s merger with FGB
Based on Thursday’s closing price, the stake is worth more than $100m
The central bank said it has “sufficient tools” to support the exchange rate of the riyal
It would be the third bond issue by China’s largest bank via its DIFC office
Investcorp aims to more than double its assets under management in the next five to seven years
Firm says it will eventually go public after increasing investment portfolio to $1bn
Ownership limits and minimum qualifications for overseas institutions will be eased next month
Egypt devalued its currency by nearly 14 per cent in March in an effort to close the gap with the black market rate
The introduction of stock futures could be a major development for equity markets in the UAE