Total number of millionaire households to grow by another 8% by 2020 as overall private wealth hits $1 trillion
Arabian Construction Company will construct the new 35-storey tower
Dubai was the weakest GCC bourse on Sunday
The kingdom is turning to international debt markets to help plug a budget shortfall
Dubai’s index was down 4.6 per cent in early trade while Saudi’s Tadawul fell 3.7 per cent
The greatest impact of a weaker pound and euro is anticipated to be felt in the UAE
Saudi said it had already made some adjustments to assets denominated in sterling and euros
Here’s what regional industries can do to improve profitability
The three-year loan will be used to refinance existing debt
Investors in Gulf bourses have remained largely on the sidelines because of Ramadan
The company is barred from offering auditing services to CMA-authorised companies in Saudi for two years
Expats urged to keep a close eye on their investments as Thursday’s vote approaches
Executive who oversaw Emirates Bank and National Bank of Dubai merger says cost savings could come through reduced branch networks, less head office space
New PwC report urges regional firms to ensure systems are in place for the new taxes
Each lender has formed a working group to “review the commercial potential” of a merger
Deloitte has been barred because of its involvement with troubled Saudi contractor MMG
The company’s founder Mohammad Al-Mojil and his son Adel Al-Mojil were sentenced to five years in prison.
The bonds will consist of a $1bn five-year issue and a $1.5bn 10-year issue
The world’s big banks have continued to stay away because they fear being penalised by remaining US sanctions
Under a draft law, Qatar plans three economic zones
The possible merger could be made as soon as this month
The first phase covers companies with annual revenues exceeding Dhs 3.75m
Proposals aimed at reducing housing shortage in urban areas
The Qatari lender is now the largest bank in the Middle East and Africa by assets
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