The PIF has invested in companies such as Tesla Inc. and Uber Technologies Inc.
The new coronavirus is hurting economic expansion as airlines cancel flights and factories look elsewhere for components they would have bought from China
Former Prime Minister Saad Hariri requested the World Bank and IMF for assistance to address the country’s financial woes
The lender will focus on corporate financing, treasury and capital markets and trade finance
Former CEO Khaled Sifri, who joined the bank in 2008, resigned from his role in May 2019
NMC shares have fallen more than 70 per cent since the Muddy Waters report came to light
Ian Jakovljevic will join Saudi Arabia’s STV as chief development officer next month
At least nine banks from the UAE have reportedly initiated legal action against defaulters in India to recover around $6.9bn
The UAE-based bank dismissed hundreds of employees in recent weeks across several divisions
Carla DiBello, an entrepreneur friend of the reality television star, is advising PIF on the proposed acquisition of the soccer team
Jadwa owns a 42 per cent stake in Abu Dhabi-based United Eastern Medical Services LLC
The Bahraini investment firm posted net income worth $48m for H1 FY20, slipping 17 per cent compared to $58m for H1 FY19
India’s Finance Ministry issues clarification following its proposal for the Finance Bill 2020 last week
The London-listed company’s share price has fallen 24 per cent this year to 13.48 pounds
Net interest income increased 26 per cent while non-interest income grew 38 per cent
The family’s troubles began last month when Block’s Muddy Waters Capital issued a report criticising NMC’s accounts
Following the acquisition Dubai Islamic Bank has total assets exceeding Dhs275bn
As a result of concessionary loans made in Senegal, communities are thriving and supporting their country’s economy
Saudi Arabia’s fixed-income assets have been more resilient than those elsewhere in the Middle East
The kingdom last sold bonds in October when it raised a $2.5bn sukuk
The world’s richest 1 per cent have more than twice the wealth of the rest of humanity combined
Emirates NBD is seeking to seize or sell the undeveloped land in DIFC
The United Arab Emirates is home to three stock markets – NASDAQ Dubai, Abu Dhabi Securities Exchange and Dubai Financial Market
Blockchain’s decentralised technology has industry-disrupting capabilities, but how far will it venture in the trade finance arena?
Khaldoun Al Tabari faces criminal charges in the UAE filed by DSI
Lebanese lenders have tightened restrictions on US dollar withdrawals and transfers abroad
The Switzerland-based body serves as a forum for policy makers to discuss global economic developments
A total of 16 agreements have been signed between the two countries, including 11 business deals in the areas of oil and gas, petrochemicals, ports and telecommunications
The plan would help the debt-riddled Arab country which has been struggling with its worst economic crisis in decades
The free zone marked a year-on-year registration growth rate of 5.4 per cent