The ease will help lenders to potentially avoid adding more non-performing loans to their books
The bank added that it believes that private cryptocurrencies pose potential risks related to price volatility, money laundering and terrorist financing
It could become the second state-backed oil producer in the GCC to be listed after Saudi Aramco’s IPO this month
The company has been reducing its shareholding in recent years to re-allocate capital in alternate investments
The nation looks to boost private sector growth in the next phase of its economic revival program
Three top banks in Lebanon were downgraded last month below the sovereign by S&P Global Ratings
The IPO of 50 per cent of the bourse to local citizens follows a 44 per cent sale earlier this year to a consortium of investors
This cooperation is Dubai Financial Services Authority’s eighth fintech agreement
As mergers and acquisitions in the Middle East continue to rise, how can companies care for the employee experience to ensure success?
The digital bank is to be introduced across the MENA region
Subscription reached SAR32.6bn ($8.7bn) with 3.7 million people signing up
The emirate is seeking to make the investment through one or more state-linked entities, according to sources
The UAE will levy a 50 per cent on sugary drinks from January 1, 2020
The UAE and Saudi’s insurance sectors are anticipated to grow by 4.2 per cent and 5 per cent between 2019 and 2024, respectively
The deal will now rely on local investors and won’t be marketed in the US, Canada and Japan
The investor meetings are Aramco’s first outside Saudi Arabia
It will facilitate currency exchange services and cross-border payment solutions to e-commerce businesses and individuals across the region
After launching a $20bn investment platform with the UAE, Egypt’s fund is now setting its sights on Saudi Arabia, Kuwait and Oman
SAMA wants daily updates on how much credit banks are providing after it eased lending limits for buyers
The fund – MEC Ventures – will invest across sectors such as e-commerce, fintech, and technology ecosystem enablers
The transaction involved the shipment of polypropylene to UAE’s Abu Dhabi National Carpet factory
Fund managers can subscribe to the stock until Dec. 4
Saudi banks are seeking to cash in on the IPO after years of falling loan growth
It’s the latest sign that the giant Saudi oil company has scaled back the international ambitions for the IPO
The two-day event will include representatives from 22 countries, including seven African nations
Aramco said it is seeking to raise as much as $25.6bn by selling a 1.5 per cent stake
The investment platform will be run through Egypt’s newly established sovereign wealth fund and Abu Dhabi Development Holding
Of the companies that don’t set aside assets, 78 per cent don’t share such information with employees
Among 16 banks that offered a valuation, the range in estimates ran from $1.1 trillion at the bottom right up to $2.5 trillion
Liechtensteinische Landesbank now also offers financial advisory services in the region