The Kuwait Investment Authority has come under greater public scrutiny following last year’s plunge of oil prices
EU officials said Tsipras finally accepted a compromise on German-led demands for the sequestration of Greek state assets to be sold off to pay down debt
The government sold SAR15bn ($4 billion) of bonds to local banks this year, according to a senior official
NCB reported a net profit in the second quarter of 2015 of SAR 2.36bn ($629m)
Abdullah al-Turifi is a founding member of the Securities and Commodities Authority
Business confidence in the emirate remained high despite a slower rate of increase in new orders and growth in June
Dubai has overtaken Malaysia and London for the listing of Islamic bonds on its exchanges
QNB, aiming to become the largest bank in the MEA by 2017, said loans and advances rose 9.2 per cent in the first half of the year
Oman’s biggest sovereign wealth fund owned a 30 per cent stake in Corporate Commercial Bank
Agencies which apply before the end of August will be allowed to operate until they receive a licence
Post the deal, Marka plans to open 17 Morelli’s outlets in the MENA region by 2020
The new tactile features will be engraved in bleed-off intaglio printing on the edge of the banknotes’ short sides
The ministry said that 27,962 companies have resettled fines relating to 58,365 workers registered under their sponsorships
The founding family of Mouka who will retain a minority stake in the company, a statement said
The draft law reportedly presents “flexible strategies” to bailout businesses that are facing bankruptcy
Brent crude dived more than 6 per cent on Monday into the $56 a barrel level
The bank is looking for opportunities in Malaysia and Indonesia, as well as Algeria, Jordan and Morocco, its CEO said
Abraaj sold its stake in the African insurance firm to London-based banking group Mutual plc
Brent crude dropped below $60 a barrel to its lowest since mid-April after Greeks voted ‘No’ in their bailout referendum
The budget was passed after a six-month delay during which parliament forced changes to the plan
The fund has invested in three companies including News Group International, Jamalon and LittleBits Electronics
Oil prices also subdued stock markets after Brent crude slid $1.75 to $60.32 a barrel on Friday
The new building will have a total built-up area of 200,000 square feet and will comprise of retail and F&B units along with office space
Authorities are still evaluating the social and economic impact of the laws, but drafting was expected to be finished “very soon, an official said
Gross domestic product, adjusted for inflation, grew 2.4 per cent from a year earlier in the first quarter
Nationals from the UAE currently hold 51.02 per cent of the company’s stock, with the remaining GCC nations owning 5.85 per cent
The company “confirms that it is not engaged in merger discussions with any government or other entity”, it said in a statement to the bourse
The budget for the year features spending of KD19.17bn and revenues of KD12.2bn, assuming an average oil price of $45 a barrel
The creation of a separate Islamic banking department will clear the way to develop the industry in the country
Prince Alwaleed said some of the donated wealth will include his personal stake in his investment firm Kingdom Holding