Christine Lagarde cautioned against investing in “white elephant projects”
Women are unable to grow and therefore there is a lack of women in leadership positions to encourage others to rise to the top
The potential issue is expected to be of benchmark size, which generally means at least $500m
The amount had been frozen at Dubai’s state-owned Noor Bank since late 2017
The private equity house saw first-half net profit rise five per cent to $58m
The move is part of an expansion of Nasdaq Dubai’s derivatives market
One third of fund managers expected to increase their allocations to regional equities over the next three months
The loan refinances an existing $4.9bn debt facility agreed in December 2015 and a $1.8bn loan raised by Dubai Aluminium
Investcorp is looking to expand its business across Asia
DIP said more attractive funding alternatives were available
The new banking group, with assets of $114bn, will carry the ADCB identity
The common digital currency is expected to reduce remittance costs between the two countries
The three-way merger with Union National Bank and Al Hilal Bank could form a bank with around $113bn in assets
The shift in consumer behaviour is requiring merchants to adapt to changes that could affect their bottom line
Banks in the country plan to use QR codes to improve cheque security
At least seven employees, including four managing directors, have left Gulf Capital in the past year and a half, said sources
Kingdom Holding holds a stake in Dubai-based car hailing app Careem
The bank, which is in merger talks with Riyad Bank, made a net profit of SAR2.65bn in Q4
The kingdom’s finance ministry issued SAR5.37bn ($1.43bn) in domestic sukuk
Survey finds 59 per cent are either fully or partly relying on their gratuity for retirement
Arabian Centres Company has applied for an IPO with the Capital Market Authority
From January 1, 2019 those with revenues of between SAR375,000 and SAR1m will also be subject to the tax
The GCC state will give $50m to the fund to allow investment in the fields of technology and digital economy
The minimum claim amount of each VAT refund application submitted by business visitors is Dhs2,000
Saudi’s biggest lender is holding merger talks with smaller rival Riyad Bank
The airline disclosed last year that it had an overall exposure of $336m to Dubai-based Abraaj
The bank attributed its increase in profit to a rise in net special commission income
The lender reported a 10 per cent rise in fourth-quarter net profit
FAB is the first issuer in the Gulf to tap the international sukuk market this year
Abu Dhabi National Hotels announced in November that it would acquire five hotels from Emaar