Mohamed Fahmy has worked with the company for about five years
The $700m case moved to UAE and British courts, and legal proceedings in both countries are continuing
The service is designed to improve market participation by international investors
The bank is considering options including a rights issue and an issue of Islamic bonds
ADX will work with other organisations to explore the use of blockchain to speed up securities processing
The bank is the first major lender from the United Arab Emirates to report its Q4 earnings
A Saudi British Bank official was among those detained under the kingdom’s corruption purge
Saudi Arabia opened its market to direct investment by foreign institutions in mid-2015
At the end of 2017, 118 foreign institutions had registered to invest
The Wallet Card can act as a customer’s debit, credit and loyalty cards
Abu Dhabi, neighbouring Dubai and Bahrain have pitched themselves as fintech hubs
NCB also announced a cash dividend of SAR0.6 per share for the second half of 2017
Sudan’s banking transactions with Saudi Arabia is expected to reach $600m in the next year
Companies that fail to register face fines and the suspension of government services
he English High Court ruled in favour of sukuk holders on November 17
The DFM will review a list of approved securities for short selling every six months
The two central banks have in the past expressed scepticism about digital currencies
The IPO is the first on the ADX in six years and the largest in Abu Dhabi for a decade
The upgrade will enable market members to provide new categories of securities and services to investors
The energy producer has been prevented from participating in the $700m sukuk by a British court
The one and two riyal coins will replace paper currency
As a first step the group has invested in a 111 MW natural gas-fired power plant in Chihuahua
Net profit rose 0.3 per cent to $2.8bn
The Saudi stock index climbed 0.3 per cent in the first half-hour of Wednesday to 6,985 points
The funding was provided by a group of seven institutions including First Abu Dhabi Bank
Switzerland’s second biggest bank is two years into a restructuring, concentrating more on wealth management
The money will go towards the manufacture of prototypes of next-generation micro-robotic medical devices
The sukuk transaction could range between $350m and $425m in size
The IPO would be the UAE’s biggest since DP World raised nearly $5bn in 2007
The oil explorer and power supplier is said to be seeking loan facilities of up to $1.3bn