Compareit4me said it would use the investment to build its recently launched UAE insurance business
Khater Massaad was detained under an arrest warrant issued by the Ras Al Khaimah government
The amount raised will be used by the startup to expand services
Banks in the country agreed to help SMEs restructure their debt in March after a series of defaults
Firms will be able to operate from the new location starting in mid-2017
The bank is Saudi Arabia’s fourth-largest lender by assets
Oil-related companies and banking shares faced declines
This is the central bank’s second domestic bond sale this year
The acquisition was carried out by Investcorp’s US-based real estate arm
The US’ decision in 2004 to blacklist Al Haramain Islamic Foundation sparked a legal battle
GFH first acquired the club in late 2012
Many investors may remain absent on the last day of the working week
The deal could be worth around $55m to $70m
The Financial Services Regulatory Authority of Abu Dhabi Global Market has warned against interacting with the firm
Majority of survey respondents say life insurance is too expensive
More than 15 staff responsible for selling the assets of Dubai World have been handed notices
Egypt reached a preliminary agreement with the IMF in August for a $12bn three-year lending programme
The long-awaited law was approved by the cabinet this week
The new law is anticipated to decriminalise bounced cheques
QNB has obtained regulatory approvals needed to open the office
Salaries across the GCC region are projected to rise next year due to better economic conditions
The share sale was “a fraud on its shareholders”, the lawsuit said
Demand from Asia could fuel a pipeline of Saudi bonds after a debut issuance expected later this year
Banks and businesses need to enhance millennials’ online experience
Transfers by locals and remittances by foreign workers took a significant hit in July
Garry Beaton joins the fund from Ashmore Group
Assets shrank by 16 per cent year-on-year in July to their lowest level since February 2012
The Qatari bank is currently present in more than 30 countries worldwide
Revenues were down 32 per cent in the first half of the year
Earlier this year, Emirates Islamic cut around 200 jobs