Group head of internal audit Julian Wynter will replace Mohsin Nathani, who resigned from the bank in April, sources said
The deal was called off in part because ADCB asked at a late stage to select which of RBS’ customers it would take, sources said
The firm, which runs securities trading in Dubai, made a net profit of Dhs 132.4m in Q2
FGB made a net profit of Dhs 1.45bn for the three months to June 2015, up 8 per cent to Q2 2014
They plan to check how investments are being made and whether enough official oversight exists
Emirates International Telecommunications Malta, which holds a 60 per cent share in Go, did not say how it plans to divest its stake
Iran will focus on its oil and gas, metals and car industries with an eye to exporting to Europe, a top official said
ARIG already owns 54 per cent of Dubai-based Islamic reinsurer Takaful Re
Emaar Malls made a net profit of Dhs 412m in the second quarter of 2015
The developer did not provide any details about the projects
A new index finds that the cities are among the most expensive worldwide for beer and wine
Housing and utility costs saw the biggest jump in June as they rose 10.2 per cent, statistics show
The lender made a net profit attributable to shareholders of Dhs 1.28bn in the second quarter of 2015
Dubai’s index inched up 0.1 per cent as heavyweight bank Emirates NBD jumped 3.5 per cent
Ahmed Ateeq al-Mazrouei, chairman of the lender since 2008, has left for personal reasons, sources said
Noor Bank was the initial lead arranger for the syndicated structured facility
ENOC, which owns 54 per cent of Dragon Oil, in June offered 750 pence per share to buy out minority shareholders
For the first half of 2015, the bank reported a net profit of Dhs 1.3bn, up 11.6 per cent from a year earlier
The lender made a profit of Dhs1.65bn in the second quarter of 2015, compared to Dhs1.31bn in the same period of 2014
The value of the deal, Investcorp’s fifth in Saudi Arabia, was not disclosed
The firm acquired phase one of Saadiyat Beach Residences, a residential real estate complex in Abu Dhabi
The deal might specifically affect Saudi bourse, which is the most sensitive in the Gulf to oil prices due to its heavyweight petrochemical sector
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