Two Saudi oil tankers were among vessels targeted by a “sabotage attack” off the coast of the UAE
The bill states that foreign workers would be taxed by up to 5 per cent on their money transfers abroad
Naqvi was arrested in the UK last month and has been awaiting possible extradition to the US where he faces charges of fraud
Khaled Sifri joined the bank in 2008
The talks have taken place over the last few months and may or may not lead to a deal
Arabian Centres owns 19 malls, making it the leading owner and operator of shopping malls in Saudi
Arif Naqvi was granted bail on Friday by the UK court
The proceeds of the sukuk will back environmentally-friendly projects
ADCB finalised the bank’s integration with Union National Bank and Al Hilal Bank last week
Oil prices weighed on Saudi’s financial and petrochemical shares
Saudi Telecom’s new bonds will be listed on the Irish Stock Exchange
He is accused of defrauding US investors by inflating positions held by Abraaj in order to attract greater funds from them
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Revenues were boosted by both the kingdom’s oil and non-oil sectors
Last year the fund raised an $11bn international syndicated loan, its first commercial borrowing
The enlarged ADCB group, listed on ADX, has Dhs423bn in assets and over one million customers
Abdel-Wadood will be subject to home “incarceration” in New York and wear an electronic monitoring device
The government previously said it plans to cover 86 per cent of this year’s expected budget deficit through local and foreign borrowing
The cuts are mostly junior and middle level staff and some senior positions, the sources said
He is accused of defrauding US investors and causing them financial loss
The kingdom announced last week that Credit Suisse had won approval for a banking licence to operate in Saudi
Foreigners currently own 5 per cent of Saudi equities
Abu Dhabi’s ADNOC sealed the $4bn pipeline deal in February
Demand for the new issuance, due in 2049, is equivalent to around SAR9.25bn
National Commercial Bank made a net profit of SAR3.16bn ($842.7m) in the three months to March 31
The bank aims to boost its mortgage lending as more affordable housing comes on the market
DIB is in talks with shareholders of Dubai-based Noor Bank over a possible acquisition of the lender
The bank’s mortgage book grew 27 per cent year-on-year in 2018 and it is looking for double digit growth for the coming years
Ala’a Eraiqat will be the bank’s new chairman, while continuing as CEO of ADCB
Loan growth and improved margins offset an increase in provisions and operating costs