Saudi Arabia’s food inflation rate in February was the lowest since November 2012.
Saudi Arabia’s central bank reserves, the vast majority of which are believed to be in U.S. dollars, grew to a record $718 billion in January.
The debt is being rolled over for five years at a one per cent annual interest rate, WAM said in an official statement.
Receptionists, accountants and human resource professionals are the most sought after groups among the employers in the UAE.
Saudi Arabia, which pegs its riyal currency to the U.S. dollar, has kept its repo rate at 2.0 per cent since January 2009.
Saudi Arabia’s central bank governor said that he expected the private sector to drive growth in the Kingdom.
The proceeds “will be primarily distributed as dividend” to Emaar shareholders, the firm said.
Qatar, Dubai and Riyadh ranked 26, 29 and 31 respectively on the Global Financial Centres Index.
Abu Dhabi Commercial Bank bought back seven per cent of its shares last year after it secured approval for a 10 per cent buyback.
The need for Islamic interbank tools is relatively acute in Oman because its Islamic banking regulations prohibit the use of commodity murabaha.
Kuwait also expects its ratio of non-performing loans to decline in 2014.
Public sector wages and operating costs have driven up Sharjah’s government spending in 2014.
Kuwait’s central bank governor said the dispute had not marred relations between his counterparts from the six-member Gulf Cooperation Council (GCC).
The Shoura Council has also asked the Kingdom’s anti-corruption agency to provide a report on the graft situation in the country.
Housing, water and electricity costs rose 1.5 per cent in the last two months and were the largest contributors to the overall increase in the consumer price index.
The move coincides with a wide-ranging government crackdown on corruption.
The company plans to use the proceeds for possible future acquisitions and investment in existing assets.
Emirates REIT, which was formed in 2010, has eight properties valued at over Dhs1.1 billion.
The lender has picked ANZ, Citigroup, HSBC and itself to arrange the Kangaroo bond.
The International Monetary Fund warned Kuwait in December to restrain the rising public sector wage bill and subsidies.
Doha Insurance has said the capital boost would increase financial solvency and improve its credit rating.
NBK’s Islamic banking business has helped to boost profits, the executive said.
Khalid Yousef al-Subeai was previously CEO of The First Investor, Barwa’s wholly-owned investment banking unit.
The publicity about deaths of migrant construction workers in Qatar could affect the availability and cost of hiring new workers, said the fund.
Regional shares were dampened last week due to the Ukrainian crisis but recovered lost ground as the situation seemed to have calmed.
Dubai needs to diversify its sectors to weather future economic risks, according to experts.
Rising house prices could affect Dubai’s regional competitiveness, an expert has said.
Around 55 percent of the company’s equity, or 275 million shares, will be offered to the public in the IPO at Dhs1 per share on the Dubai Financial Market, CAPM said.
The DMCC partnered with global brokerage firm BGC Partners this week to promote the platform to a wider international trading community.
Jallal, who was senior vice-president of investment banking at Saudi Fransi Capital, the investment banking unit of BSF, resigned last month.