Bahrain-based SICO becomes the fifth registered market maker in Abu Dhabi
The number of foreign workers has fallen by more than 700,000 since last year
The shares represents approximately 3 per cent of RHB’s enlarged share capital
A judgement is scheduled for later this month
The campaign, spread over three months, will cover all the seven emirates to raise tax awareness across the country
The bourse is consulting with Dubai International Finance Center
The rupee falls nearly 1 per cent against the dollar compared to Friday’s closing rate
The bank announced an acquisition of Turkey’s Denizbank for $3.2bn in May
The airline’s board will nominate a new member within the “coming weeks”
The sovereign wealth fund acquired a stake of just below 5 per cent in Tesla
The sharia-compliant fund is expected to launch later this year
Potential issuers in the region have held back their plans because of market volatility
The company reported a 4 per cent rise in net profit for the year ended June 30
The fund has bought a minority stake in Tesla at just below 5 per cent
Mumtalakat has used the proceeds from the stake sale to pay down debt
A second criminal case for a bounced cheque valued at Dhs798m was filed against Naqvi in the UAE
The total disclosed funding for start-ups across the MENA region fell 43 per cent to $112m in H1
Hamid Jafar has filed a second case against Naqvi, this time for a bounced cheque valued at Dhs798m
PIF has been charged with helping to deliver Saudi’s Vision 2030 reform plan
The 12 Saudi companies have a combined market capitalisation of SAR859bn
Eight of the top 12 Saudi banks reported lower deposits in their second-quarter earnings
GFH said The Entertainer was valued at $150m
The lender saw higher net interest, increased Islamic financing and non-interest income
The 2016 loan, due in June 2019, saw the participation of 19 banks
Gareth Thomas will succeed Matthew Wallace, who was recently appointed as HSBC’s head of global banking for Europe
Potential bidder Cerberus Capital Management has pulled out after not getting enough investor support for its offer
The move came in response to reforms of Riyadh’s market structure supporting foreign investment
The lender benefitted from increased fees, commission and investments
The UAE’s largest lender beat analysts forecasts
The lender received approval to transfer its 95.79 per cent shareholding of Alkhair Capital to Ankara-based A1 Capital