The total disclosed funding for start-ups across the MENA region fell 43 per cent to $112m in H1
Hamid Jafar has filed a second case against Naqvi, this time for a bounced cheque valued at Dhs798m
PIF has been charged with helping to deliver Saudi’s Vision 2030 reform plan
The 12 Saudi companies have a combined market capitalisation of SAR859bn
Eight of the top 12 Saudi banks reported lower deposits in their second-quarter earnings
GFH said The Entertainer was valued at $150m
The lender saw higher net interest, increased Islamic financing and non-interest income
The 2016 loan, due in June 2019, saw the participation of 19 banks
Gareth Thomas will succeed Matthew Wallace, who was recently appointed as HSBC’s head of global banking for Europe
Potential bidder Cerberus Capital Management has pulled out after not getting enough investor support for its offer
The move came in response to reforms of Riyadh’s market structure supporting foreign investment
The lender benefitted from increased fees, commission and investments
The lender received approval to transfer its 95.79 per cent shareholding of Alkhair Capital to Ankara-based A1 Capital
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