Longevity, relevance and economic robustness play a crucial role
MoneyGram CEO Alexander Holmes and chief revenue officer Grant Lines explain the role of emerging technologies in their business
Customers will be able to discuss their account details and other banking matters with Alexa
CEO Amin Nasser said earlier Tuesday that Aramco is going to sell shares “very soon”
Only Kuwaiti citizens will be eligible to buy the shares
The kingdom is aiming to raise at least 1 per cent to 2 per cent of Aramco from these investors, according to sources
The company will launch funds that will invest in fixed income, private capital, venture capital, trade finance and infrastructure
The bank last year proposed selling new shares to help fund the acquisition of Turkey’s Denizbank AS
The company has about $6.4bn of outstanding debt
The bank increased the limit to 20 per cent from 5 per cent
The loan, a revolving credit facility, comes amid a slowdown in the regional lending market
The bank announced in June that it would be closing its sole branch in Qatar
Case volumes and values rose in the first half of the year
The company raised $400m in an initial public offering on the London Stock Exchange earlier this year
Excise taxable persons have been urged to comply with the new declarations, tax return forms and reporting requirements
KIA reportedly made “calculated exits” from investments it felt were vulnerable to a downturn in global financial markets
China’s economy stumbled more than expected in July as growth in Europe also slowed
Bateel owns date groves in Al Ghat, about 250 km away from Riyadh, and has a chain of cafes and bakeries
Investcorp is giving up its wholesale banking license in Bahrain to convert itself into a holding company
A potential rise in Saudi bank rates will also have limited impact on growth, the central bank said
Khalid al-Rumaihi replaces Mahmood Alkooheji, who was CEO since Mumtalakat was established in 2006
Tumbling crude oil prices also affected the markets
The drop came despite a 2.5 per cent rise in operating income
The UAE capital markets have suffered “major blows to their corporate governance framework” over the past two years
The Abu Dhabi Financial Group also increased its authorised capital to $692m
Dubai was one of the worst-performing markets globally last year, but has rebounded with its benchmark index up almost 15 per cent so far
No date was given for the implementation of the new tax
Emirates NBD now owns 99.85 per cent of the Turkish lender
The Federal Reserve lowered US interest rates for the first time in over a decade
The bank reported a net profit of SAR2.69bn in the quarter ended June 30