Saudi Arabia was hit hard last year as a drop in crude prices decimated government revenue while measures to stop the spread of the coronavirus limited economic activity
Matrix International picked for financial compliance and fraud prevention
The authority has also restricted him from performing any function in connection with the provision of financial services in or from the DIFC
The value of securities traded on the exchange increased 28 per cent to Dhs72.8bn in 2020 from Dhs56.8bn in 2019
To generate liquidity, the government began last year swapping its best assets for cash with the $600bn Future Generations Fund
The positive sentiment in the crypto space relies on increased mainstream adoption, as well as on successful developments of technological infrastructure
Clarence Singam-Zhou will begin his new role from March 1, 2021
The two men, who have not been named, reportedly took advantage of their position in the company and misused public funds
The company will operate international and domestic flights
Employing the services of certified audit firms can help companies in the country meet regulatory requirements and avoid penalties
From creating a diversified portfolio to making well-informed asset choices, it is critical to have the right kind of advice in order to protect your investments
The bank recorded $450m in provisions and interest in suspense toward NMC, Finablr and associated companies last year
SABIC earned net income of SAR40m in 2020, down sharply from SAR5.2bn in 2019
The financial sanctions were imposed on January 24, 2021
The decline was attributed to a substantial increase in impairment provisions and lower operating profit
Those arrested were allegedly involved in a scheme that transferred more than SAR11.5bn outside the country
Saudi Arabia said it would cut spending 7.3 per cent in 2021 to SAR990bn
Investcorp confirmed the purchase in a stock market filing
With the pandemic upending the business landscape, what are the trends that we should look out for?
Total income of Dhs23.2bn improved 4 per cent year-on-year
Al Rostamani will takes over from Andre Sayegh
The price of Brent crude is still below what most of the region’s economies need to balance their budgets
Customers can browse, assess and invest in Investcorp’s investment offerings
The relations between Israel and the UAE will have omnipresent long-term benefits through their similarities
Ahmed Alkholifey is being replaced by Fahad Al-Mubarak, who was central bank governor from 2011 to 2016
Amidst the many challenges of 2020, Lulu Financial Group is determined to advance its objective of financial inclusion through technology and collaborative partnerships
PIF aims to grow its assets under management to over $1.07 trillion by the end of 2025
In December 2020, Finablr agreed to sell off its business to an Israeli-UAE consortium for $1
At launch, CoinMENA’s platform will be available to residents of Bahrain, the UAE, Saudi Arabia, Kuwait and Oman
The Kuwait Banking Association said in June that there would be no distribution of dividends to shareholders for 2020