OQ is an integrated energy company with oil and gas exploration and production operations, refineries, a retail network and a large petrochemical business
The newly created Saudi Tadawul Group will have four subsidiaries
He previously held the central bank’s deputy governor post
Its revenues also pared to Dhs5.35bn in 2020
The funding surge is happening as Bitcoin hits record highs
The total value of the bank’s sukuk listed on Nasdaq Dubai stands at $17.14bn
The company plans to offer up to 24 per cent of its shares in the IPO
A region already suffering from chronic youth unemployment must innovate and train the next generation
Mubadala sold a 12 per cent stake in Aldar to Alpha Dhabi Holding
The GCC consulting market is now worth around $2.7bn
Emirates NBD has about $5.7bn of debt maturing this year, according to data compiled by Bloomberg
The new plan comes after the coronavirus pandemic and oil market turmoil created a double crisis for Saudi Arabia
The recent recovery of the crude oil price to the pre-pandemic level of $60-65 per barrel is a huge relief for all the Gulf states
The dividend payout equals to 49 per cent of the lender’s net profit for 2020
The investments will focus on strategic sectors in Indonesia, including infrastructure, roads, ports, tourism and agriculture, among others
Besides health care, Gulf Capital focuses on sectors such as technology and payments, business services and sustainability
Bank can connect to Finastra’s open platform which is in line with SAMA’s Open Banking initiative
Cumulative balance of the country’s international reserves amounted to over Dhs519bn at the end of January 2021
The bankruptcy judge decided to appoint a panel consisting of seven experts to examine the application
Cryptocurrency businesses will be offered bespoke licences by the DMCC Crypto Centre in Dubai
EToro became a member of the US Financial Industry Regulatory Authority last year
Gross credit in the banking system grew from Dhs1.779 trillion by the end of December 2020 to Dhs1.779.2 trillion in January 2021
Wassim Al Khatib will lead Citigroup’s investment banking and markets business in Saudi Arabia
It confirmed a minimum Dhs2.57bn dividend for 2022
The Central Bank of the UAE projects the country’s real GDP to increase by 2.5 per cent in 2021
PolicyBazaar allows users to purchase life and general insurance online
Shuaa Capital led a $50m structured sukuk for Pure Harvest co-investing with Franklin Templeton and Sancta Capital
Full-year profit net income fell to $31m
The pandemic has further emphasised the need for diversification among investors, reveal AIX Investment Group’s board advisor Fadi Dabbagh and senior financial advisor Khalid El-Mikhi
The $400bn sovereign investor is key to the kingdom’s efforts to revive economic growth