Aramco is weighing pushing out payments for the 70 per cent holding in SABIC and reducing the size of the initial installment to PIF
Its net loans stood at Dhs247bn and customer deposits at Dhs263bn as of the end of Q1 2020
Kuwait imposed a 24-hour curfew on Friday for the next 20 days to contain the spread of the pandemic
Last week, the company acquired 30 per cent of shares in National Petroleum Construction Co. it didn’t already own
The comparison website accounts for more than 75 per cent of online insurance transactions in the UAE
Last year, Kuwait Finance House offered to buy Ahli United Bank in an all-share deal that was valued at about $8.8bn
The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis
The funds will be used to support 6,000 businesses in their financing needs
The London-listed company, Finablr, had a market value of GBP77m when it was halted from trading in March, down from a peak of GBP1.5bn in December
While there remain pockets of opportunity, investors should ensure they have sufficient liquidity right now, stresses Vijay Valecha, chief investment officer at Century Financial
The sovereign wealth fund is estimated to have about $580bn under management
Waha Capital posted a loss of Dhs616m for 2019
ADQ assumed complete ownership of NPCC after acquiring 30 per cent shares previously held by Consolidated Contractors International Company
Lenders warned that it’s still too early “to determine the size and extent of the financial impact at this stage”
Meanwhile, the value of total assets of the UAE’s largest bank rose 14 per cent to Dhs835bn
Nearly 65 per cent of British Business Group members say they need more clarity on the UAE government schemes available to them
The emirate raised Dhs1bn through a private placement of eight-year Islamic bonds at a rate of 4.71 per cent earlier this month
For existing licence holders, the new fee will apply at the time of renewals
Egypt has reported 4,319 cases of the coronavirus, including 307 deaths
The new directives will remain effective from April 21 – July 31, 2020
The Public Investment Fund has stepped up deal-making in a bid to become the world’s biggest manager of sovereign capital
The US has long been the top source for outflows, with other major countries including the United Arab Emirates, Saudi Arabia, Switzerland, Germany and Russia
Total income for the first quarter at Dh6.88bn remains fairly unchanged from Dh6.87bn in the preceding quarter
The order does not include those Emirati employees who have resigned or breached job duties that require letting them go
Technology and digitisation of businesses is no longer ‘nice to have’, but is a necessity in a business capacity as well as for personal banking and trading
In the first quarter of this year, 62 venture capital funds raised a total of $21bn in the US
From April to June 2020, retailers of all types based in Gate Avenue, Gate Village and Gate District will not be required to pay basic rent
ADCB is owed $963m by Abu Dhabi healthcare group NMC, which has now been placed under administration
Saudi Arabia is offering the 40-year tranche at about 5.15 per cent
The listing, scheduled for April 19, has been postponed until further notice