The Awqaf International Organization aims to coordinate commercial efforts of sharia-compliant charitable foundations
The emirate is transferring purchases overseen by the former RAKIA CEO, who it accuses of a $1.5bn fraud
All markets are still being considered for the IPO of up to 5 per cent of Aramco, said Amin Nasser
The Monetary Authority of Singapore (MAS) on Tuesday said it had ordered Zurich-based Falcon Private Bank’s Singapore branch to cease operating
The rules aim to expand guidance on transactions that currently lack standardisation
The bank reported a net profit of QAR3.45bn ($947.5m) in the three months to September 30
The government has not yet sent banks a request for proposals to arrange the issue
Alain Dib will lead Waha’s investment businesses
The project will extend Dubai Metro’s Red Line to the 2020 World Expo site
The firm is said to be aiming for a reporting format similar to multinational oil companies BP and ExxonMobil
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 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