Profit was buoyed by a rise in net interest income while impairments for bad loans also eased
The new note has been reprinted with added security features
HSBC has played an increasingly active role in Saudi Arabia in recent years
The foreign selling slowed from a record SAR4.01bn in Saudi stocks in the previous week
The new law raises the central bank’s capital to Dhs20bn
Billionaire wealth in the region grew to $165bn last year
The agreement came as Pakistani Prime Minister Imran Khan attended a Saudi investment conference in Riyadh
FAB is the latest foreign bank attracted by openings in Saudi Arabia
Couvegnes was dismissed by BSF in November in coordination with the central bank
The first phase will see the digital system of the scheme implemented at Abu Dhabi, Dubai and Sharjah International airports
Profit for the first nine months of the year was up 5 per cent
NBB is the second largest Bahraini bank by market capitalisation
The selloff came during a week when investors were rattled by the disappearance of journalist Jamal Khashoggi
Demand for business loans is set to rise further in Q4
The bank made a net profit of Dhs1.15bn ($313.1m) in the three months ending September 30
The scheme follows the implementation of a 100 per cent excise tax on tobacco products in October 2017
Alrafi left Dubai Holding in February
Abraaj’s provisional liquidation began earlier this year after controversy surrounding the use of investor money in a $1bn healthcare fund
ENBD will use part of the loan proceeds to refinance an existing $1.7bn term loan facility
The facility has been extended by two years and is now due in 2023
The proposed fund would have financed small to mid-sized projects in ICD member countries
The long-awaited law also provides for the central government to establish a Public Debt Management Office
The platform will allow people to buy, sell, and store digital currency
US officials said that bank did not comply with federal banking laws aimed at combating international money laundering and terrorist financing
It has already announced plans to expand its staff as it targets mandates in Saudi
The move reflects a desire by some of the fund’s other investors to sever ties with Abraaj
ESCA is drafting regulations for ICOs with international advisers
Oman has borrowed extensively in the international markets over the past few years to finance state spending
The bill is yet to be approved by the parliament’s upper house, which is expected to hold a similar session later this week
PIF bought the Al Ghadir plot at an auction of the property of late businessman Saleh Abdulaziz al-Rajhi