Alabbar-led investment group Adeptio agreed in June to pay $2.4bn to buy a 69 per cent stake in Americana
Gross foreign reserves held by the central bank shrank to $2.78bn on June 30 this year from $6.06bn in 2014
Mohamed Abdel Bary has been appointed regional CFO for Africa and Middle East with immediate effect
Bank lending and overall money supply has gradually slowed
The layoffs mainly affected junior staff, according to reports
The tax is slated to be implemented from January 2018
The central bank issued instructions to banks on Sunday on how they should reschedule the consumer loans
The initiative primarily aims to boost liquidity in the market
Listed insurers reported aggregate profits in the first half of 2016 after losses in 2015
The region’s macro momentum is losing steam, says Fisch report
The central bank said it wanted to support borrowers whose incomes had been reduced due to government spending cuts
The cabinet announced this week that it would slash ministers’ salaries by 20 per cent and reduce a range of allowances
The central bank has been battling to slow the rise in money rates since early this year
The firm said it would use the funds to accelerate its regional expansion
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