Foreign investors with appropriate experience and expertise will be allowed to own such stakes
Nasdaq Dubai launched its futures market last September
Retail investors can subscribe to the offering between November 2 to 13
More than 60 per cent of respondents reported no changes to loan terms and conditions last quarter
Emaar’s property arm plans to offer up to 30 per cent of its shares to the public
The new unit will oversee an early growth fund set up with Japan’s SoftBank
The move is also hoped to attract more foreign investors
ADNOC will remain wholly owned by one single shareholder – the Abu Dhabi government
Study also shows that almost one third of people are not saving any money
Allowing China to buy 5 per cent of Aramco would effectively mean cancelling the planned IPO
Greg Bankhurst has been appointed chief development officer
The UAE is set to introduce VAT from January 1, 2018
The Dubai government-controlled company is one of the world’s largest aircraft lessors
The central bank last raised the ratio in February 2016, to 90 per cent from 85 per cent
The Gulf countries are preparing to implement a 5 per cent value added tax rate next year
The Saudi insurance sector has come under pressure as the economy has slipped into recession this year
The UAE will begin implementing the tax in January 2018
SAMA did not elaborate on the nature of the bank’s “deficiencies”
QBCo is the largest private label food manufacturing company in Colombia
Pilot projects using the app will begin in the coming month
The PIF expects the investments to create 2,600 jobs and contribute SAR400m to GDP by the end of 2020
Latest official data showed the economy in recession during the second quarter
Klip allows the cashless spending, transfer and storage of money
The firm is eyeing businesses that “live around Aramco”
Residents were found to be avoiding retirement for financial and social reasons
The revisions will reduce requirements for obtaining a “management activity” licence
The downsizing will translate into a reduction of 15 to 20 per cent of the bank’s staff in retail services
On Friday FTSE said it would reevaluate Saudi’s emerging market index inclusion in March next year
Mubadala suffered a net loss of Dhs4.7bn in the first half of 2016
Wednesday’s issue was split into three tranches