Last month, a subsidiary of Adeptio completed the acquisition of a 67 per cent stake in Americana
Assets shrank by $10.8bn from a month earlier to $535.9bn in October
The funds plan to invest together in tourism, logistics and financial services
Negotiations on the agreement have been stalled for almost a year
There is an unsatisfied demand for Saudi debt in the market
Low oil prices have squeezed liquidity in the Gulf region
The Public Investment Fund already owns a 13.7 per cent stake in ACWA
Jean-Christophe Durand takes over from current CEO Abdul Razak al-Qassim, who is retiring
Nevine Loutfy was found with stab wounds, according to local reports
The purchases include properties in the Boston and Denver metropolitan areas
The licence will allow the bank to conduct private banking
The communities are located in the metropolitan areas surrounding Washington D.C. and Atlanta
Flags will be placed beside company names on the Saudi Stock Exchange website when they exceed 20, 35 and 50 per cent losses
Abu Dhabi Commercial Bank, Union National Bank and Abu Dhabi Islamic Bank denied merger plans
ADCorp has been established with $100m of authorised capital
The transaction is expected to be completed in the first half of 2017
A report claimed the PIF is reviewing the sale of stakes in local companies as it seeks to diversify its portfolio
The move will allow more investors to clear transactions in yuan
NRIs in the UAE will only be able to exchange their 1,000 and 500 rupee notes in India
The bank expects retail lending growth to halve to around 5 per cent as the market slows
U.S. and European banks are continuing to scale back their relationships with Gulf banks
It is the second time in recent years that the company has been forced to renegotiate its financial commitments
Riyad REIT was capitalised at SAR500m
The payment delays have seriously damaged some companies
Russia’s agriculture and food production sector has been growing
Finance firms in Britain fear they will lose their licences that allow them to sell their services across the EU
Investors fear a Trump victory could cause global economic and trade turmoil
Van Linder will replace Peter Baltussen, whose retirement was confirmed by the bank last month
The loan would come ahead of NBAD’s planned merger with FGB in early 2017
The company said it was the region’s first licensed equity crowdfunding platform