The bank said there are no discussions concerning “mergers, acquisitions or activities of a similar nature”
The private equity firm bought a 70 per cent stake in health aesthetics firm Medica
Saudi’s stock market fell 8.6 per cent from the beginning of May until Thursday’s close
Sukuk listings in Dubai now total $61.5bn, the largest amount of any listing centre in the world
Penalties have been set for nine types of violations, with fines reaching up to Dhs50,000
Dubai’s index is down 7.4 per cent this month, though still up 1.3 per cent year-to-date
The bankruptcy filing was seen as a key test of Saudi Arabia’s new law for handling insolvency disputes
UAE investors were found to be extremely bullish on equities, according to the survey by UBS
Arabian Centres’ share sale was the kingdom’s third biggest since Saudi lender NCB raised $6bn in 2014
The two Islamic facilities will be used to finance the Aljada and Nasma Residences projects
The index has risen only 0.3 per cent this year, while it has lost 7.7 per cent since the beginning of May
The violations related to the percentage of debt that individuals had to bear in proportion to their monthly income
The kingdom will levy a 100 per cent tax on electronic cigarettes and products used in them, and a 50 per cent tax on sugared drinks
At an exclusive event hosted by Gulf Business and Allied Investment Partners, leading experts discussed investment within the education sector
The IMF said the introduction of a value-added tax has been very successful, but the rate is low by global standards
The US investment bank bought $100m of Bahraini bank International Bank Corporation’s debt
A total of 30 Saudi Arabian securities would be added to the index
The company has been seeking to raise $200m from the sale of new stock ahead of a flotation on the London Stock Exchange
Two Saudi oil tankers were among vessels targeted by a “sabotage attack” off the coast of the UAE
The bill states that foreign workers would be taxed by up to 5 per cent on their money transfers abroad
Naqvi was arrested in the UK last month and has been awaiting possible extradition to the US where he faces charges of fraud
Khaled Sifri joined the bank in 2008
The talks have taken place over the last few months and may or may not lead to a deal
Arabian Centres owns 19 malls, making it the leading owner and operator of shopping malls in Saudi
Arif Naqvi was granted bail on Friday by the UK court
The proceeds of the sukuk will back environmentally-friendly projects
ADCB finalised the bank’s integration with Union National Bank and Al Hilal Bank last week
Oil prices weighed on Saudi’s financial and petrochemical shares
Saudi Telecom’s new bonds will be listed on the Irish Stock Exchange
He is accused of defrauding US investors by inflating positions held by Abraaj in order to attract greater funds from them