The transaction replaced a three-year facility of the same amount and duration
A potential merger of the two lenders was first discussed last month
Regional fund managers remain cautious on equities, finds poll
The five-year funding will be used to fund part of SEC’s capital projects
The amount raised will be used to finance construction of new facilities
A committee headed by deputy Prime Minister Sheikh Mansour bin Zayed al-Nahyan will oversee the merger
Total number of millionaire households to grow by another 8% by 2020 as overall private wealth hits $1 trillion
Arabian Construction Company will construct the new 35-storey tower
Dubai was the weakest GCC bourse on Sunday
The kingdom is turning to international debt markets to help plug a budget shortfall
Dubai’s index was down 4.6 per cent in early trade while Saudi’s Tadawul fell 3.7 per cent
The greatest impact of a weaker pound and euro is anticipated to be felt in the UAE
Saudi said it had already made some adjustments to assets denominated in sterling and euros
Here’s what regional industries can do to improve profitability
The three-year loan will be used to refinance existing debt
Investors in Gulf bourses have remained largely on the sidelines because of Ramadan
The company is barred from offering auditing services to CMA-authorised companies in Saudi for two years
Expats urged to keep a close eye on their investments as Thursday’s vote approaches
Executive who oversaw Emirates Bank and National Bank of Dubai merger says cost savings could come through reduced branch networks, less head office space
New PwC report urges regional firms to ensure systems are in place for the new taxes
Each lender has formed a working group to “review the commercial potential” of a merger
Deloitte has been barred because of its involvement with troubled Saudi contractor MMG
The company’s founder Mohammad Al-Mojil and his son Adel Al-Mojil were sentenced to five years in prison.
The bonds will consist of a $1bn five-year issue and a $1.5bn 10-year issue
The world’s big banks have continued to stay away because they fear being penalised by remaining US sanctions
Under a draft law, Qatar plans three economic zones
The possible merger could be made as soon as this month
The first phase covers companies with annual revenues exceeding Dhs 3.75m
Proposals aimed at reducing housing shortage in urban areas
The Qatari lender is now the largest bank in the Middle East and Africa by assets