Dubai’s index inched up 0.1 per cent as heavyweight bank Emirates NBD jumped 3.5 per cent
Ahmed Ateeq al-Mazrouei, chairman of the lender since 2008, has left for personal reasons, sources said
Noor Bank was the initial lead arranger for the syndicated structured facility
ENOC, which owns 54 per cent of Dragon Oil, in June offered 750 pence per share to buy out minority shareholders
For the first half of 2015, the bank reported a net profit of Dhs 1.3bn, up 11.6 per cent from a year earlier
The lender made a profit of Dhs1.65bn in the second quarter of 2015, compared to Dhs1.31bn in the same period of 2014
The value of the deal, Investcorp’s fifth in Saudi Arabia, was not disclosed
The firm acquired phase one of Saadiyat Beach Residences, a residential real estate complex in Abu Dhabi
The deal might specifically affect Saudi bourse, which is the most sensitive in the Gulf to oil prices due to its heavyweight petrochemical sector
The Kuwait Investment Authority has come under greater public scrutiny following last year’s plunge of oil prices
EU officials said Tsipras finally accepted a compromise on German-led demands for the sequestration of Greek state assets to be sold off to pay down debt
The government sold SAR15bn ($4 billion) of bonds to local banks this year, according to a senior official
NCB reported a net profit in the second quarter of 2015 of SAR 2.36bn ($629m)
Abdullah al-Turifi is a founding member of the Securities and Commodities Authority
Business confidence in the emirate remained high despite a slower rate of increase in new orders and growth in June
Dubai has overtaken Malaysia and London for the listing of Islamic bonds on its exchanges
QNB, aiming to become the largest bank in the MEA by 2017, said loans and advances rose 9.2 per cent in the first half of the year
Oman’s biggest sovereign wealth fund owned a 30 per cent stake in Corporate Commercial Bank
Agencies which apply before the end of August will be allowed to operate until they receive a licence
Post the deal, Marka plans to open 17 Morelli’s outlets in the MENA region by 2020
The new tactile features will be engraved in bleed-off intaglio printing on the edge of the banknotes’ short sides
The ministry said that 27,962 companies have resettled fines relating to 58,365 workers registered under their sponsorships
The founding family of Mouka who will retain a minority stake in the company, a statement said
The draft law reportedly presents “flexible strategies” to bailout businesses that are facing bankruptcy
Brent crude dived more than 6 per cent on Monday into the $56 a barrel level
The bank is looking for opportunities in Malaysia and Indonesia, as well as Algeria, Jordan and Morocco, its CEO said
Abraaj sold its stake in the African insurance firm to London-based banking group Mutual plc
Brent crude dropped below $60 a barrel to its lowest since mid-April after Greeks voted ‘No’ in their bailout referendum
The budget was passed after a six-month delay during which parliament forced changes to the plan
The fund has invested in three companies including News Group International, Jamalon and LittleBits Electronics