Mazin Khairy Shaker Manna will take on the role from the first week of March
Ahmed al-Kholifey said liquidity in the market was ‘strong’
The firm is the main electricity producer in Saudi with an 81.2 per cent indirect government ownership
The rating is the first assigned to ADNOC and is in line with the rating of the Abu Dhabi government
The scheme works by means of a digital stamp on tobacco product packaging that ensures tax compliance
Emirates NBD Capital, Industrial and Commercial Bank of China Ltd, and Standard Chartered Bank have been hired as joint lead managers
Mubadala Ventures will also invite international venture funds to invest in Abu Dhabi
The sovereign wealth fund is seeking to open offices in London and in the United States
There is no requirement to report income from bank deposits and dividends in the VAT return
The US lender won approval last year to begin investment banking operations in Saudi Arabia
The properties are spread across five states including North Carolina, Georgia, Florida, Arizona and Texas
Investment firm Abraaj collapsed last year in the aftermath of a row with investors
Christine Lagarde cautioned against investing in “white elephant projects”
Women are unable to grow and therefore there is a lack of women in leadership positions to encourage others to rise to the top
The potential issue is expected to be of benchmark size, which generally means at least $500m
The amount had been frozen at Dubai’s state-owned Noor Bank since late 2017
The private equity house saw first-half net profit rise five per cent to $58m
The move is part of an expansion of Nasdaq Dubai’s derivatives market
One third of fund managers expected to increase their allocations to regional equities over the next three months
The loan refinances an existing $4.9bn debt facility agreed in December 2015 and a $1.8bn loan raised by Dubai Aluminium
Investcorp is looking to expand its business across Asia
DIP said more attractive funding alternatives were available
The new banking group, with assets of $114bn, will carry the ADCB identity
The common digital currency is expected to reduce remittance costs between the two countries
The three-way merger with Union National Bank and Al Hilal Bank could form a bank with around $113bn in assets
The shift in consumer behaviour is requiring merchants to adapt to changes that could affect their bottom line
Banks in the country plan to use QR codes to improve cheque security
At least seven employees, including four managing directors, have left Gulf Capital in the past year and a half, said sources
Kingdom Holding holds a stake in Dubai-based car hailing app Careem
The bank, which is in merger talks with Riyad Bank, made a net profit of SAR2.65bn in Q4