Mubadala subsidiary IPIC filed a lawsuit against Goldman Sachs last year in relation to its dealings with Malaysian state fund 1MDB
Creditors have been pursuing AHAB and Saad Group since they defaulted on about $22bn in combined debt in 2009
SRC, a wholly owned subsidiary of the kingdom’s sovereign wealth fund PIF, aims to accelerate housing construction
European Union governments adopted a broadened blacklist of tax havens on Tuesday
Residential property prices in Dubai have been falling since 2014 on high supply and weaker demand
Oman Insurance said Qatar’s central bank has rejected its application due to the GCC dispute
The deal is expected to involve the purchase of all or nearly all of the 70 per cent stake in SABIC held by the Public Investment Fund
The total number of active registered companies operating in the centre has reached 2,137
A media report suggested that the kingdom was considering raising zakat to 20 per cent from the current 10 per cent
The financial relationship manager was accused of producing inaccurate information and making unauthorised investments
The value of dividends of 18 UAE banks was up 12.2 per cent on the previous year
Abraaj fell out with investors last year over a $1bn healthcare fund
Foreign investors have put more than $1.5bn into the Saudi market since the start of the year
There is growing interest from foreign investors ahead of Saudi’s inclusion in the FTSE Russell and MSCI’s emerging market indexes later this year
Digitisation not only requires IT investment but a fundamental change in the business model
Orders for the five-year senior unsecured bonds totalled almost $3.5bn
Mumtalakat is looking at investment opportunities in areas such as education and healthcare
Saudi currently has 27 banks operating in the kingdom, 15 of which are foreign banks
Mazin Khairy Shaker Manna will take on the role from the first week of March
Ahmed al-Kholifey said liquidity in the market was ‘strong’
The firm is the main electricity producer in Saudi with an 81.2 per cent indirect government ownership
The rating is the first assigned to ADNOC and is in line with the rating of the Abu Dhabi government
The scheme works by means of a digital stamp on tobacco product packaging that ensures tax compliance
Emirates NBD Capital, Industrial and Commercial Bank of China Ltd, and Standard Chartered Bank have been hired as joint lead managers
Mubadala Ventures will also invite international venture funds to invest in Abu Dhabi
The sovereign wealth fund is seeking to open offices in London and in the United States
There is no requirement to report income from bank deposits and dividends in the VAT return
The US lender won approval last year to begin investment banking operations in Saudi Arabia
The properties are spread across five states including North Carolina, Georgia, Florida, Arizona and Texas
Investment firm Abraaj collapsed last year in the aftermath of a row with investors