Oil prices in the United States tumbled to their lowest level since 2009 on Wednesday
The main Saudi stock index has plunged 12 per cent this month
The state fund has appointed IPIC’s director of investments Mohamed Hamad Al Mehairi as Aabar’s new CEO
The law aims to encourage the private sector to participate and invest in infrastructure development
Once a decision to impose VAT is made, the public will be given about 18 months to prepare for the implementation, state news agency WAM said
The deal expands NMC’s addressable market and patient cross-referral capabilities of its network
Majid Al Futtaim and other local banks have also reportedly bid for Dunia
It increased its 2013 revolving credit facility by SAR400m, with National Commercial Bank and Samba Financial Group contributing equally to the extra amount
Bahraini citizens will be compensated for the higher meat prices
Approximately 500 U.S. citizens had sued Arab Bank under the U.S Anti-Terrorism Act
The firm said net profit in the three months to June 30 was KD 13.5m
Many Saudis take bank loans to consolidate existing debts, according to a new report
The index fell to 53.1 in July from 55.5 in June, recording the slowest growth rate since March 2012
The firm said that its board approved the acquisition of a 35 per cent stake in Sukoon
The new accounting policy will help in appropriately reflecting the companies’ financial performance and increase transparency, a new report says
The privately-owned firm said in a statement revenue for the six months to June 30 was Dhs 13.7bn
The developer reported a net profit of Dhs 1.42bn ($386.6m) for the three months to June 30
The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index climbed to 57.7 points last month from 56.1 in June
The seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index rose to 55.8 points last month from 54.7 in June
The real estate investment trust fund will build the facility and lease it to Jebel Ali School
Previously, customers could obtain cash advances equivalent to as much as 50 per cent of their monthly credit card spending limits
Private equity investments in the Middle East and North Africa rose 118 per cent last year, a new report shows
The firm attributed the profit rise to higher income from its associates and joint ventures and lower costs
Only 13 per cent of investment firms expect to raise their equity allocations to the Middle East in the next three months, a survey shows
The exchanges have established a joint committee which will examine the issue over the next few months
The bank has revised its average inflation forecast for 2016 to 4.3 per cent from 4 per cent previously
A periodic risk assessment by authorities identified deficiencies in Arqaam’s systems and controls to prevent money laundering
He also forecast that the country’s banking sector profits would rise about 10 per cent in 2015
Consolidated government spending is expected to drop to Dhs 460.6bn in 2015 from Dhs 480.8bn in 2014
Group head of internal audit Julian Wynter will replace Mohsin Nathani, who resigned from the bank in April, sources said