The kingdom’s net foreign assets shrank by $36bn in the first four months of 2017
The bank plans to launch digital banking services in Bahrain next year
Bankers in the region believe the riyal’s peg to the dollar remains solid
Group VAT registrations and how they affect UAE businesses
The merger will create the country’s second largest lender
Riyadh slashed the allowances last September to save money
The order is anticipated to restore six months of annual bonus to state employees
MSCI estimated 32 major Saudi stocks would gain emerging market status
New deposits by the Qatar Investment Authority were believed to total several billion dollars, a source said
Barclays said it was considering its position over the charges and awaited further information
The Abu Dhabi Investment Authority is one of the world’s richest sovereign wealth funds
The Abu Dhabi-listed energy company announced last week that its outstanding sukuk were not sharia-compliant and were therefore unlawful
Dana said on Tuesday it had received legal advice that its Sukuk, which mature in October, were not compliant with the Islamic sharia code
Nearly 40 Asian and European individuals have been arrested in connection with the crime
Bahrain’s framework provides a virtual space for companies to test their technology-based ideas
Dana announced on Tuesday that it had recently received legal advice that its Sukuk were not sharia-compliant
Dana proposed exchanging the Sukuk with new enforceable Shariah complaint instruments
The real estate investment fund will initially will include Five Holdings’ Dhs4.3bn Viceroy Dubai Palm Jumeirah
Qatari banks have around QAR60bn in funding in the form of customer and interbank deposits from other GCC states
The developer will list 30 per cent of its UAE real Estate Development business
Some UAE commercial banks are also holding off on doing business with Qatari banks
ABAX specialises in the development and supply of vehicle tracking systems and technology
The diplomatic rift could have a serious impact on some business deals and companies in the region
Abu Dhabi’s stock index also fell 0.4 per cent on opening
A New York Stock Exchange listing and one on Saudi Arabia’s Tadawul exchange has been the favoured option for Saudi Aramco
The country has been considering an IPO of its stock market for years, but political infighting and entrenched bureaucracy have held up the process
The company has been facing a cash shortage because of missed payments from its assets in Egypt and Iraq’s Kurdistan
Low trading volumes and financial pressure on some companies has led to the bearish sentiment
The IPO, which could be in 2019, could raise around SAR1bn
Reforms in Saudi Arabia will have “positive impact” on Bahrain, says Mahmood Alkooheji