Distressed assets and changing consumer habits expected to drive deal activity in 2016
Saudi market authorities recently announced an easing of foreign ownership restrictions
The ratings agency downgraded Saudi Arabia’s long-term issuer rating by one notch
Any deal is complicated by legal claims over Investment Dar’s assets
Lenders across the world are preparing for a change to international accounting rules
First Gulf Bank cut close to 100 jobs in November
Reductions by local lenders have totalled a combined 1,500 staff in 2016 and 2015, according to some estimates
The authority will be designed and established by the central bank
The kingdom’s bank resolution draft law is unlikely to reduce support for lenders
Robin Jones replaces Mohammad al-Tuwaijri, who was appointed Saudi deputy minister of economy and planning
Tadawul is by far the largest stock market in the Middle East
Tadawul announced last month that it planned to open the new exchange next year in a bid to improve access to capital
Reforms announced on Tuesday suggested authorities are now courting foreign money more aggressively
Previously, qualified institutions could only own a maximum of 5 per cent of any listed company
The general index increased by 6.5 per cent during the quarter
Documents posted online last week included the bank details of journalists, supposed royal family members and government and defence officials
Regional banks showed different strengths on Facebook, Twitter, LinkedIn and Instagram and YouTube respectively
The Lord Mayor of London explains how the United Kingdom and the Gulf Cooperation Council can unite to lead the world in green finance
Impairment charges reached Dhs 295m, a 73.3 per cent increase on last year
Islamic Corporation for the Development of the Private Sector said the emirate was a leader in the Islamic bond sector
Central bank report finds improving demand in Q1 but tightening conditions
Staff from Emirates Money and Emirates Islamic were made redundant
The bank’s performance was aided by smaller provisions for bad loans
Arab billionaires’ net worth has fallen by 31.3 per cent, finds new Forbes list
The retail sector accounts for 23 per cent of foreign direct investments into the UAE
The exchange is currently based in World Trade Centre
Increase in sales and marketing job postings offsets decline in other sectors
The agency said it also considered Saudi Arabia’s geopolitical risks to be high
Country has the highest proportion of people who ‘expect someone else to arrange’ life insurance
The kingdom is expected to soon introduce a permanent residency programme