The Saudi government had targeted a market listing by the second half of 2018
The Opportunities Fund will make private equity investments in the US and Europe
The bank said in January it had started initial strategic talks for a possible purchase of the Russian lender’s stake in Turkey’s Denizbank
Assets belonging to Saad and its owner Maan al-Sanea are due to be auctioned
Banks are contesting extra zakat tax payments demanded by the government
The move underscores the impact on Abraaj’s business from a dispute with four other investors
The company operates across private education and training, real estate, facilities management and other industries
Much of the growth came from Africa, South America, the Middle East and Asia
The Kuwaiti bourse has a market capitalisation of about $90bn
The Indonesian government is the largest sukuk issuer on Nasdaq Dubai
Businesses that are late in registering with the authority will be exempt from administrative penalties until April 30
The firm’s founder, Arif Naqvi, stepped down as chief executive earlier this week
Abu Dhabi opened a financial zone in 2015
The penalty for those who fail to pay tax is no less than Dhs500
The new appointment could revive the prospect of a merger between GFH and Dubai-based Shuaa Capital
The bank has applied for a commercial banking licence in the kingdom
The moves comes weeks after a reported dispute between Abraaj and four of its investors
Some bankers worry the demands might essentially be a money grab by the government
The government plans to sell about 5 per cent of the national oil firm in the second half of 2018
Bahrain has a pipeline of large-scale infrastructure developments valued at around $32bn
The company plans to use the funds to launch new online marketplaces
Ahmed Jafar Al Musalami has served as CEO since 2014
Samba recorded an 11.4 per cent rise in fourth-quarter net profit, while Alawwal swung into profit
The sale comes amid a diplomatic rift between Qatar and the UAE
Gulf countries have generally been slow to introduce equity derivatives
Saudi Arabia’s Saad Group and Ahmad Hamad al-Gosaibi & Bros Co defaulted in 2009
The company will offer the storage of bitcoin, ethereum and other currencies at a vault in Dubai
India-related contracts have been a major reason for growth in the DGCX’s business over recent months
The SFO said a date for the first court appearance will be set in due course
Saudi Arabia is likely to lead the growth, with the UAE, Egypt and Nigeria also key drivers