New report says employees in Saudi, Qatar and Kuwait can expect higher wage hikes next year
Foreign investors will be able to own 100 per cent of retail and wholesale businesses
Real estate allocations grow by 4 per cent since 2013, report by Invesco
The acquisition of Asian Square Tower 1 marks the largest single tower real estate transaction in Asia Pacific
Authorities are still studying how much of Saudi Postal would be sold
The kingdom is expected to raise at least $10bn as it seeks to tackle its burgeoning fiscal deficit
The carrier said it had already received committed offers to finance the delivery of aircraft this year
The fund said an additional substantial deficit reduction effort is required in the region
The firm was one of three linked to the acquisition in recent weeks
Yesterday Bloomberg cited the company’s chief executive as saying it had all the necessary documents to go public
Expats warned that a new passport would not protect debtors from detection
The lender will the invest the amount in its digital operations over the next three years
The kingdom is said to have been encouraged by Qatar’s record issue last week
The stake is being sold by Dubai Group to meet debt repayments
Fahad Al Saif has become the second HSBC banker to be appointed to a government role in recent months, according to reports
Middle Eastern bond sales this year total almost $30bn
Reports earlier this week indicated the bank had laid off 15 per cent of its workforce
Raghavan Seetharaman said it was a “challenging time” for lenders
Before the lay-offs, the bank had about 70 employees
Bandar Hajjar’s candidacy was endorsed by the Saudi government and the outgoing IDB president Ahmad Mohamed Ali
Late last month, Saudi announced steps to reduce its dependence on oil exports over the next 15 years
The amount will reportedly be used to cover redundancy costs for workers it is laying off, back salaries and severance costs
Gulf bond sales have increased by a third so far this year, according to Bloomberg
Petrochemical shares have given the greatest boost to Riyadh’s index over the last week
The bank plans to grow its Turkey franchise and expand into Malaysia, Indonesia and Egypt, its chairman said
The fund will also abandon the Qatar Holding name, according to reports
The US Treasury Department released information related to its debt for the first time in four decades
Measures are seen as a means of reducing the “huge fees” some funds pay to external managers
Bahrain is stepping up its borrowing and in late February borrowed $600m
Up to 28 per cent of UAE professionals don’t expect a raise this year, finds new survey