Staff from Emirates Money and Emirates Islamic were made redundant
The bank’s performance was aided by smaller provisions for bad loans
Arab billionaires’ net worth has fallen by 31.3 per cent, finds new Forbes list
The retail sector accounts for 23 per cent of foreign direct investments into the UAE
The exchange is currently based in World Trade Centre
Increase in sales and marketing job postings offsets decline in other sectors
The agency said it also considered Saudi Arabia’s geopolitical risks to be high
Country has the highest proportion of people who ‘expect someone else to arrange’ life insurance
The kingdom is expected to soon introduce a permanent residency programme
Emirate ranks above Paris and Milan for hefty pay packages
QNB announced the deal in December
An offshore zone could form part of the emirate’s diversification strategy
New deal is aimed at boosting the Egyptian economy and includes funds for an economic free zone
Why is there a lack of coverage of Gulf stock markets, examines MR Raghu
The kingdom is aiming to increase its annual revenues by at least $100bn a year
The national lender recorded a net profit of $787m in the first three months of 2016
The UAE emerged as the most popular destination for regional investors
Business conditions have improved at the strongest rate in four months
Regional entrepreneurs express frustrations at lengthy investment procedures
Banks across the country are trimming staff to reduce costs
Documents leaked from a Panama law firm show secret dealings of the rich and powerful
Loyal customers and a booming market have helped the industry stay buoyant
Five of the eight Saudi banks rated by S&P have faced downgrades
The emirate welcomed 2,000 new millionaires last year, finds report
Saudi Arabia’s money supply also fell for the first time in more than a decade.
Director of DTEC says the cost of starting a business has fallen from $100,000 to $3,500 since 2012
Aggregate earnings across the region declined 16 per cent, according to SICO Investment Bank
Expat women say countries offer best financial incentives to move abroad
Announcement follows a rise in the number of loan defaults across the country.