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
Hedge funds dumped Bahraini bonds because of concern about the country’s rising public debt
A judge in Sharjah is reportedly scheduled to rule on the case on Thursday
The slump was led by losses in contractor Drake & Scull
Omar Lodhi and Selcuk Yorgancioglu will no longer serve as directors of the board of AIML
The framework aims to aid governance, oversight and transparency over crypto asset activities
JPMorgan International Finance will divest its holding by selling its shares back to Saudi Investment Bank
Abraaj filed for provisional liquidation last week
Colony Capital will acquire Abraaj’s Latin America, Sub Saharan Africa, North Africa and Turkey Funds management business
MSCI said 32 major Saudi stocks will gain emerging market status
The fee caps apply to charges for services such as home loans and late fees for credit cards
The potential incubators will expand upon the financial free zone’s existing FinTech Hive accelerator
Abu Dhabi Capital Management has reportedly offered $50m for the business