Saudi companies will not see their profits taxed
The company said the deal represented a 2.5 times increase in value for PRO since its 2014 acquisition
Oman was the third strongest market in terms of salary increases
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Kuwait was the third weakest market in terms of pay rises
Oman is struggling to cope with the impact of lower oil prices
Bahrain saw the second smallest salary increase over the last year
QIA was the second biggest shareholder in the Brazilian unit of Spain’s Banco Santander SA
The overall average monthly salary was up 0.98 per cent from $12,086 to $12,204
The Islamic bond is the oil giant’s first fundraising exercise aimed at diversifying revenue
Saudi Arabia showed the weakest salary growth across the GCC region
Former chief executive Khaled AlKhoori stepped down in late January
The head of corporate and investment banking at Mashreq will be taking on the role
The average monthly pay packet in the UAE rose 0.66 per cent in the last year from $11,276 to $11,350
The new bank would have assets worth more than QAR160bn
The new bank began trading on the Abu Dhabi Securities Exchange on Sunday
Dubai Holding’s previous chairman, Mohammed Abdullah al-Gergawi, resigned last month
The fund may also sell or reduce some of its existing stakes in companies
JPMorgan Chase & Co, Morgan Stanley and HSBC have been appointed as international financial advisers
Bank lending to the private sector showed year-on-year growth of only 0.3 per cent
The first sale of new residential property in the country will be subject to the zero rate of VAT
Citigroup plans to return to the country after a roughly 13-year absence
The company’s tax rate has been cut from 85 per cent to 50 per cent
The GCC states are planning to introduce a 5 per cent value added tax from 2018
The tax rate for investments exceeding $100bn will be 50 per cent
The agreement is hoped to boost bilateral trade and include training for Iranian central bankers
GCC expats are far behind their counterparts in North America, Europe and Asia when it comes to retirement planning, finds survey
The company secured a $500m credit facility in August and has around $163.4m in cash to invest
The sale comes ahead of the firm’s planned 2018 IPO
The region’s wealthy forecast flat or declining economic performance this year