Demand for personal loans also rebounded slightly
KFH said last week it had invited AUB to begin a due diligence process for a potential merger
Bid have reportedly been submitted by Cerberus Capital Management, York Capital Management and Abu Dhabi Financial Group
The lender will be allowed to open one branch in the kingdom
DIB is the third Dubai-based bank to report double-digit profit growth for the quarter
Banks in the United Arab Emirates are expected to benefit this year as economic growth recovers
Saudi Arabia, the UAE and Bahrain imposed the tax last year
If the merger goes ahead, it would be the latest of several recent tie-ups to create stronger lenders in the region
Combined sovereign deal value fell last year compared to 2016
The seven exchange houses were found to be in violation of central bank regulations
The court case relates to a cheque for Dhs177.1m, which bounced
The system will be implemented in the fourth quarter of this year
United States-based Colony offered last month to buy the fund management unit
The amount will be invested in sectors such as tourism and mining
Reports earlier this week claimed Khaldoun Al Tabari and his daughter owned the company up to Dhs1bn
The London listing was reportedly delayed after authorities in Dubai unexpectedly decided to freeze tuition fees
The system will be implemented from the fourth quarter of 2018
The court case relates to a cheque for Dhs177.1m
Manafa Capital and Scopeer have been given licences to offer crowdfunding investment services on a trial basis
The sports and fitness business will offer 30 per cent of its existing shares
Among the main concerns cited were the possibility of a trade war, geopolitical risks, and the fact that equity valuations are high
The Sharjah court case relates to a cheque for Dhs177.1m
The PIF already owns a 9.8 per cent stake in Riyadh-based ACWA through a subsidiary
The DFSA has interviewed the firm’s founder, Arif Naqvi, and other senior executives in the past few months
Despite a row over alleged misuse of money, investors want to stay invested in the fund
The bank’s current CEO and COO will retire at the end of the year
The Securities and Commodities Authority said the platform would raise funding in a similar manner to collective project financing
The private equity group is currently undergoing a court-supervised restructuring
The arrest warrant was handed for issuing a cheque that bounced
A criminal case has been issued against the company’s founder, according to reports