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
The UAE ranked 15th in an index rating countries’ residency-in-return-for-investment programmes
Assets dropped by 8.1 per cent from a year earlier to their lowest level since April 2013, central bank data showed
The drafts will be available for public comment over a six-week period, and the zone plans to accept its first applications for financial service operating licences by the end of this year
Mobily shares have been suspended since June, when the market regulator halted trading until the operator disclosed the financial impact of an investigation into its accounts.
For Abu Dhabi’s Mubadala, the purchase is part of a push to invest in assets other than oil.
The cash payment will be funded by the sale of part of its land bank in Saudi Arabia, the company said
Dubai’s stock index slid 1.3 per cent, heading for a second straight daily close below its 200-day average
The current CEO Ahmad Bin Byat has been promoted to vice-chairman and managing director while COO Fadel Al Ali will take over as CEO
The Saudi Arabian company had already received SAR 250m from Arabian Shield Cooperative Insurance Co in late March