Investments will be in sectors such as real estate and infrastructure
The Saudi government plans to expand the PIF
Six banks are supporting Apple Pay transactions in the UAE
Prince Alwaleed also said the valuation of electric car maker Tesla Inc was “too exuberant”
Saudi national Meshari Al-Khaled has been appointed managing director and office head of the operation
Aramco is preparing to list about 5 per cent of its shares
The investment firm has acquired seven industrial properties across the UK
Foreign investors with appropriate experience and expertise will be allowed to own such stakes
Nasdaq Dubai launched its futures market last September
Retail investors can subscribe to the offering between November 2 to 13
More than 60 per cent of respondents reported no changes to loan terms and conditions last quarter
Emaar’s property arm plans to offer up to 30 per cent of its shares to the public
The new unit will oversee an early growth fund set up with Japan’s SoftBank
The move is also hoped to attract more foreign investors
ADNOC will remain wholly owned by one single shareholder – the Abu Dhabi government
Study also shows that almost one third of people are not saving any money
Allowing China to buy 5 per cent of Aramco would effectively mean cancelling the planned IPO
Greg Bankhurst has been appointed chief development officer
The UAE is set to introduce VAT from January 1, 2018
The Dubai government-controlled company is one of the world’s largest aircraft lessors
The central bank last raised the ratio in February 2016, to 90 per cent from 85 per cent
The Gulf countries are preparing to implement a 5 per cent value added tax rate next year
The Saudi insurance sector has come under pressure as the economy has slipped into recession this year
The UAE will begin implementing the tax in January 2018
SAMA did not elaborate on the nature of the bank’s “deficiencies”
QBCo is the largest private label food manufacturing company in Colombia
Pilot projects using the app will begin in the coming month
The PIF expects the investments to create 2,600 jobs and contribute SAR400m to GDP by the end of 2020
Latest official data showed the economy in recession during the second quarter
Klip allows the cashless spending, transfer and storage of money