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
SABB and Alawwal are mulling a merger that could create the kingdom’s third biggest bank with assets of nearly $80bn
GFH won a legal case filed in 2013 against against Prescott Energy
The acquisition is the fund’s first since its listing on Nasdaq Dubai in March
The loan proceeds would be used to start the 15km extension of the Dubai metro to the World Expo site
The kingdom’s foreign assets kept falling in April amid heavy overseas borrowing
SABB and Alawwal said on April 25 they had agreed to start talks on a merger
Gulf Business reveals the 50 biggest banks in the GCC as ranked by total assets
Companies will be able to temporarily operate in DIFC with less strict regulatory requirements
SkyShopper is intended to encourage online shopping and build customer loyalty
The company said STC Ventures and Wamda Capital provided the majority of the funds
The GCC state’s top listed banks, as ranked by total asset size
The investment follows a $3.5m funding round in November
The taxes have come into force after ratification by the UAE
The kingdom’s biggest listed banks, as ranked by total asset size
The country’s biggest listed banks, as ranked by total asset size
Gulf sovereign investors are key backers of the fund
Energy minister Khalid al-Falih said deals involving all companies totalled over $200bn
MEVP is one of the largest venture capital firms in the MENA region
The group aims to increase its share of the $575bn global remittance industry to more than 10 per cent by 2020
The planned sale is expected to raise around $2bn
Investors in the round included malls operator Majid Al Futtaim
Survey reveals most UAE businesses have no VAT strategy or budget in place
The firms is expected to complete a restructuring of around Dhs2.36bn in loans
The bank expects increased activity in the equity market
Saudi Arabia’s fiscal deficit had fallen 71 per cent in the first quarter