The number of UAE residents applying for personal loans dropped in 2016
MSCi said it could launch in June a review of whether to include Saudi in its emerging market index
The proposal included a 6 per cent tax on expat remittances
The lender made a net profit of Dhs441m in the three months to December 31
The bank made Dhs1.37bn ($373m) in the three months to December 31
Saudi Arabia was found to have the second highest gross salaries in the MEA region
The new fund, Mubadala Investment, will be run by CEO Khaldoon al-Mubarak
Securing funds remains a hurdle for entrepreneurs looking to get their initiative off the ground
Abraaj bought a majority stake in Chilean home designer Casaideas
Abraaj has invested in more than 40 African companies spanning healthcare, mining and dairy
Applications from 77 other firms are being reviewed
Contractors in Saudi Arabia have had to deal with delays to projects and late payment
This is Qatar’s first domestic government debt offer this year
The bank reported a 2 per cent rise in annual net profit for 2016
QNB completed the 2.7bn euro purchase of Finansbank, Turkey’s fifth-largest private lender, in 2016
Centralway Numbrs CEO Martin Saidler said the company planned to use the backing to roll out new features
MSCI will decide in June whether to review Saudi for inclusion in its emerging market index
The talks are at an early stage but “signs so far are positive”, a source said
The new initiative, called FinTech Hive, will focus on providing mentorship to start-ups and entrepreneurs
Emirates NBD noted a jump in construction activity and sentiment during the month but relatively little job growth
The move is part of a drive to attract more foreign investment
The government is due to get commitments from banks over the next two weeks for a $3bn loan
The company holds stakes in Emirates Airline and Emirates NBD
The new rules include limits on risk exposure and annual report requirements
Kuwait’s emir appointed previous chairman Essam Abdul Mohsen al-Marzouq to head the oil ministry
Michael Hasenstab, chief investment officer of Templeton Global Macro, looks at how emerging markets across the world might perform in 2017
No specific reason was given for the departures
QIIB plans to open a bank in Morocco with local lender Credit Immobilier et Hotelier
The amount represents an increase of 424 per cent compared to 2015, according to Magnitt
The company said it approached financiers to wave “a number of restrictive covenants” in its original restructuring terms in 2014