Saeed Al Awar will manage about a dozen bankers with Edoardo Fassati who recently relocated to London
The most important institutions today are more resilient to shocks, finds new report
The UAE’s biggest listed banks ranked by total asset size
Between 80 to 100 people are expected to accept the offer via a voluntary redundancy programme
Aramco aims to stick to its schedule for planned analyst presentations and hasn’t told banks of any plans to delay the IPO
Without outside assistance, Lebanon, which has a debt-GDP ratio of more than 150 per cent, may struggle to avoid a default
The UAE’s central bank lowered the repo rate and its certificates of deposit rate by a quarter percentage point
The kingdom has used oil reserves to fill the gap during the past few days
The company is ready to do it any time in the next 12 months, says chairman
The centre offers fintech firms subsidised licensing options and access to a $100m fintech fund
The Tadawul All Share Index fell as much as 3.1 per cent
The combined entity will potentially become the Gulf’s sixth-biggest lender with $100bn in assets
Longevity, relevance and economic robustness play a crucial role
MoneyGram CEO Alexander Holmes and chief revenue officer Grant Lines explain the role of emerging technologies in their business
Customers will be able to discuss their account details and other banking matters with Alexa
CEO Amin Nasser said earlier Tuesday that Aramco is going to sell shares “very soon”
Only Kuwaiti citizens will be eligible to buy the shares
The kingdom is aiming to raise at least 1 per cent to 2 per cent of Aramco from these investors, according to sources
The company will launch funds that will invest in fixed income, private capital, venture capital, trade finance and infrastructure
The bank last year proposed selling new shares to help fund the acquisition of Turkey’s Denizbank AS
The company has about $6.4bn of outstanding debt
The bank increased the limit to 20 per cent from 5 per cent
The loan, a revolving credit facility, comes amid a slowdown in the regional lending market
The bank announced in June that it would be closing its sole branch in Qatar
Case volumes and values rose in the first half of the year
The company raised $400m in an initial public offering on the London Stock Exchange earlier this year
Excise taxable persons have been urged to comply with the new declarations, tax return forms and reporting requirements
KIA reportedly made “calculated exits” from investments it felt were vulnerable to a downturn in global financial markets
China’s economy stumbled more than expected in July as growth in Europe also slowed
Bateel owns date groves in Al Ghat, about 250 km away from Riyadh, and has a chain of cafes and bakeries