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
Saudi officials have said the IPO, planned for 2018, will be worth about $100bn
Mashreq will launch the new bank in July this year
MSCI could include the Tadawul in its emerging markets in June
Saudi Aramco’s initial public offering is expected to be the largest in history
Emaar’s entertainment unit operates the Dubai Aquarium and Ice Rink at Dubai Mall as well as the Reel Cinemas chain
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