Deloitte has been barred because of its involvement with troubled Saudi contractor MMG
The company’s founder Mohammad Al-Mojil and his son Adel Al-Mojil were sentenced to five years in prison.
The bonds will consist of a $1bn five-year issue and a $1.5bn 10-year issue
The world’s big banks have continued to stay away because they fear being penalised by remaining US sanctions
Under a draft law, Qatar plans three economic zones
The possible merger could be made as soon as this month
The first phase covers companies with annual revenues exceeding Dhs 3.75m
Proposals aimed at reducing housing shortage in urban areas
The Qatari lender is now the largest bank in the Middle East and Africa by assets
New report says employees in Saudi, Qatar and Kuwait can expect higher wage hikes next year
Foreign investors will be able to own 100 per cent of retail and wholesale businesses
Real estate allocations grow by 4 per cent since 2013, report by Invesco
The acquisition of Asian Square Tower 1 marks the largest single tower real estate transaction in Asia Pacific
Authorities are still studying how much of Saudi Postal would be sold
The kingdom is expected to raise at least $10bn as it seeks to tackle its burgeoning fiscal deficit
The carrier said it had already received committed offers to finance the delivery of aircraft this year
The fund said an additional substantial deficit reduction effort is required in the region
The firm was one of three linked to the acquisition in recent weeks
Yesterday Bloomberg cited the company’s chief executive as saying it had all the necessary documents to go public
Expats warned that a new passport would not protect debtors from detection
The lender will the invest the amount in its digital operations over the next three years
The kingdom is said to have been encouraged by Qatar’s record issue last week
The stake is being sold by Dubai Group to meet debt repayments
Fahad Al Saif has become the second HSBC banker to be appointed to a government role in recent months, according to reports
Middle Eastern bond sales this year total almost $30bn
Reports earlier this week indicated the bank had laid off 15 per cent of its workforce
Raghavan Seetharaman said it was a “challenging time” for lenders
Before the lay-offs, the bank had about 70 employees
Bandar Hajjar’s candidacy was endorsed by the Saudi government and the outgoing IDB president Ahmad Mohamed Ali
Late last month, Saudi announced steps to reduce its dependence on oil exports over the next 15 years