QNB plans to build its investment banking business through its branch network in Saudi Arabia
Alawwal Bank and Saudi British Bank agreed last week to start talks on a possible merger
The company could be valued at $2bn to $3bn in an initial public offering
Aramco has a stake of 65 per cent in Sadara
The bank said the growth forecast masks a likely contraction in the oil sector due to the OPEC deal
DIFC has signed an MoU with Dubai Economy (previously DED)
All the six GCC states are anticipated to introduce a 5 per cent VAT simultaneously from January 2018
On average, UAE residents applied for 3.25 cards each in the first quarter of 2017, says compareit4me report
Profit was boosted by a double-digit percentage increase in non-interest income
The gym brand is currently owned through a 60/40 per cent split by two funds
Amid tougher economic conditions, technology is bringing change to the Gulf’s personal finance market
The clearing centre was launched in June 2015
British banks are the biggest shareholders in both lenders
The business, which will be branded Citigroup Saudi Arabia, will provide a full range of investment banking services
Last year Abu Dhabi’s state-owned IPIC asked the London court to arbitrate in a dispute with 1MDB
The trade deficit is expected to drop this year
Here’s how green financing could develop throughout 2017
It is the first time that Mubadala Capital is accepting capital from third-party investors
National Bank of Abu Dhabi and First Gulf Bank merged on April 1
The bank made a net profit of Dhs1.87bn in the three months to March 31
Carmen Haddad, the CEO of Citi’s Qatar business, will take on the new role
The building company reported accumulated losses of Dhs4.6bn last year
A 50 per cent levy will be imposed on soft drinks and 100 per cent on tobacco and energy drinks
Close to 180 companies are listed on the Saudi stock exchange currently
Saudi Oger is struggling because of cuts in government spending and payment delays
The move comes as major shareholder Abu Dhabi Financial Group (ADFG) seeks to reduce costs
Khalid Abdulla-Janahi said a proposed tax on people with assets of more than $5m was an effective way of shrinking deficits
The merger of National Bank of Abu Dhabi and First Gulf Bank was completed April 1
Loan growth was up 33 per cent year-on-year to QAR536bn
Standard & Poor’s became the first foreign credit agency to obtain such permission last year