The fund said an additional substantial deficit reduction effort is required in the region
The firm was one of three linked to the acquisition in recent weeks
Yesterday Bloomberg cited the company’s chief executive as saying it had all the necessary documents to go public
Expats warned that a new passport would not protect debtors from detection
The lender will the invest the amount in its digital operations over the next three years
The kingdom is said to have been encouraged by Qatar’s record issue last week
The stake is being sold by Dubai Group to meet debt repayments
Fahad Al Saif has become the second HSBC banker to be appointed to a government role in recent months, according to reports
Middle Eastern bond sales this year total almost $30bn
Reports earlier this week indicated the bank had laid off 15 per cent of its workforce
Raghavan Seetharaman said it was a “challenging time” for lenders
Before the lay-offs, the bank had about 70 employees
Bandar Hajjar’s candidacy was endorsed by the Saudi government and the outgoing IDB president Ahmad Mohamed Ali
Late last month, Saudi announced steps to reduce its dependence on oil exports over the next 15 years
The amount will reportedly be used to cover redundancy costs for workers it is laying off, back salaries and severance costs
Gulf bond sales have increased by a third so far this year, according to Bloomberg
Petrochemical shares have given the greatest boost to Riyadh’s index over the last week
The bank plans to grow its Turkey franchise and expand into Malaysia, Indonesia and Egypt, its chairman said
The fund will also abandon the Qatar Holding name, according to reports
The US Treasury Department released information related to its debt for the first time in four decades
Measures are seen as a means of reducing the “huge fees” some funds pay to external managers
Bahrain is stepping up its borrowing and in late February borrowed $600m
Up to 28 per cent of UAE professionals don’t expect a raise this year, finds new survey
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