Banks are vying for a role in Saudi Aramco’s planned initial public offering and state privatisation plans
The clearing house still start full operations next year
The judge said it did not matter that Alibabacoin might eventually list its cryptocurrency on US exchanges
Co-CEO Mohammed Al-Shroogi is preparing to retire later this year
The emirate’s second-largest bank by assets made a net profit attributable to shareholders of Dhs1.21bn
Staff stand accused of withdrawing funds from dormant customer accounts
Dubai-based Abraaj is considering selling some or all of the unit following a row with four investors
GIB is owned by the six GCC governments
UAE Exchange is aiming to increase its share of the $575bn global remittance industry
Reversing the trend would shift the outlook for an economy which shrank last year for the first time in nearly a decade
Qatar issued $12bn of bonds last week
Emirates NBD is the latest foreign bank seeking to expand its presence in Saudi Arabia
Al Kasir Group claims to be backed by a Dubai royal family member
Abraaj has been trying to stem the fallout from a row with four of its investors
Alibabacoin said it has not been trying to piggyback off the Alibaba name
Saudi Arabia is planning to issue seven-year, 12-year and 31-year notes
Abraaj has denied money was misused in a $1bn healthcare fund
The issue of religious permissibility could help determine whether Islamic financial firms can invest in cryptocurrencies
If Saudi officials are relying on foreign fund inflows for Aramco they may be tempted to wait until early 2019
The injunction is the latest salvo in a complex legal battle in the UAE and Britain
Alibaba accused Alibabacoin of using its “single-minded focus to capitalise on plaintiff’s reputation for success”
An exclusivity agreement granted to the private equity firm to finalise the purchase expired on Monday
As digital payments continue to close the gap on cash across the GCC, what is the future of payments in the region?
The UAE’s huge expatriate workforce and growing business and tourism sectors have made it a global centre for exchanging foreign currencies
Citigroup, Deutsche Bank and Standard Chartered are arranging the issue, which will likely have a five year duration, according to sources
Gold had traditionally been classified as a currency in Islamic finance, confining its use to spot transactions
Each will invest EUR200m in businesses with growth potential across key sectors in Greece
The private equity firm is said to be in talks with Abu Dhabi Financial Group and international financial companies
The dividend would total about $95m, equivalent to 5 per cent of capital
Most local businesses do not have VAT capabilities already built into their IT systems