The move is expected to take effect at the start of next year
GCC gears up for one of its heaviest-ever periods of international issuance – possibly over $25bn by the end of October
The facility was the first domestic government bond offer this year
In late June, Abu Dhabi announced it would merge Mubadala and IPIC
A central bank official said results of the offer would be known on Tuesday
Based on Thursday’s closing price, the stake is worth more than $100m
The central bank said it has “sufficient tools” to support the exchange rate of the riyal
It would be the third bond issue by China’s largest bank via its DIFC office
Investcorp aims to more than double its assets under management in the next five to seven years
Firm says it will eventually go public after increasing investment portfolio to $1bn
Ownership limits and minimum qualifications for overseas institutions will be eased next month
Egypt devalued its currency by nearly 14 per cent in March in an effort to close the gap with the black market rate
The introduction of stock futures could be a major development for equity markets in the UAE
The agency affirmed its ‘AA’ long-term ratings for the emirate
The new fund will be used to support start-ups in technology innovation
Brent oil futures have risen 0.6 per cent on Thursday morning to $43.34 per barrel
Economic volatility and lower oil prices led to a significant slowdown in listing activity
AUB acquired a 49 per cent stake in the bank in December 2005
Value added tax is expected to be introduced in the UAE in 2018
The firm’s CEO said it will continue to broaden its footprint and asset base
The Emirati businessman is said to have led two stake acquisitions in the logistics firm
The total value of cases handled by the English-language commercial court was around Dhs 3.44bn
The new mechanism could potentially impact millions of expats who live and work in the kingdom
A high profile event in Madrid highlighted the growing ambitions of European countries in the realm of Islamic finance
The firm attributed the profit drop to lower income from associates and joint ventures
Mubadala will buy 9.99 per cent of Investcorp immediately
The bank posted a 4.8 per cent fall in second-quarter net profit