Billionaire Prince Alwaleed’s firm agreed to exchange its stake in FRHI last December
The bank’s profit was boosted by its purchase of Turkey’s Finansbank
Any privatisation plans in Kuwait will not include its oil production facilities
UK bank financing to the GCC may slow, but impact will be minimal
The rise in allowances is partly because of a few organisations doing a market correction
Brexit vote and pound devaluation impacted amount sent by UK expats
Markets will share information on banking, financial services, security and regulations
The all-share index closed at 6,499.88 points in the first half of the year
Joseph Abraham succeeds Abdulla Saleh al-Raisi
The transaction replaced a three-year facility of the same amount and duration
A potential merger of the two lenders was first discussed last month
Regional fund managers remain cautious on equities, finds poll
The five-year funding will be used to fund part of SEC’s capital projects
The amount raised will be used to finance construction of new facilities
A committee headed by deputy Prime Minister Sheikh Mansour bin Zayed al-Nahyan will oversee the merger
Total number of millionaire households to grow by another 8% by 2020 as overall private wealth hits $1 trillion
Arabian Construction Company will construct the new 35-storey tower
Dubai was the weakest GCC bourse on Sunday
The kingdom is turning to international debt markets to help plug a budget shortfall
Dubai’s index was down 4.6 per cent in early trade while Saudi’s Tadawul fell 3.7 per cent
The greatest impact of a weaker pound and euro is anticipated to be felt in the UAE
Saudi said it had already made some adjustments to assets denominated in sterling and euros
Here’s what regional industries can do to improve profitability
The three-year loan will be used to refinance existing debt
Investors in Gulf bourses have remained largely on the sidelines because of Ramadan
The company is barred from offering auditing services to CMA-authorised companies in Saudi for two years
Expats urged to keep a close eye on their investments as Thursday’s vote approaches
Executive who oversaw Emirates Bank and National Bank of Dubai merger says cost savings could come through reduced branch networks, less head office space
New PwC report urges regional firms to ensure systems are in place for the new taxes
Each lender has formed a working group to “review the commercial potential” of a merger