Gold had traditionally been classified as a currency in Islamic finance, confining its use to spot transactions
Each will invest EUR200m in businesses with growth potential across key sectors in Greece
The private equity firm is said to be in talks with Abu Dhabi Financial Group and international financial companies
The dividend would total about $95m, equivalent to 5 per cent of capital
Most local businesses do not have VAT capabilities already built into their IT systems
Turkish relations with the Gulf states have been strained since Ankara stood by Qatar
The new system encourages banks to consider a wider range of trades and counterparties when submitting quotes
Holders of Mada cards will be able to make digital purchases from early April
The bank said it had applied for a Saudi commercial licence last month
Arkan Bank will have an authorised share capital of $500m
A law firm working for the central bank of Qatar asked US regulators to investigate FAB’s US subsidiary
The proceeds from the issuance will be used for aircraft financing and working capital
The kingdom’s economy is expected to return to growth this year
All six member countries including Qatar have agreed to contribute initial capital
India emerged as the top receiving country for remittances in Q4
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