The benchmark index currently comprises 11 UAE companies including some of the largest ones
The loss-making Sharjah bank has been hit by exposure to the UAE’s troubled real estate and construction markets.
Invest Bank has approved a capital injection by the government of Sharjah
The ownership of a foreign investor shall not exceed 5 per cent in any Kuwaiti bank
Invest has been hit by recent high levels of bad loans
UAE Exchange and Ripple announced a partnership to process cross-border payments in February
The UAE’s central bank governor said fintech could play a major role in improving financial inclusion
The deal marks the fund’s third major Dubai stake buy in recent days
President Xi Jinping in July made the first visit by a Chinese leader to the UAE in 29 years
Banks have been at loggerheads with authorities over additional payments of zakat going back as far as 2002
Goldilocks was launched in 2015 with the goal of becoming an activist investor in listed equities
The bank has also reduced headcount within other sectors, according to sources
AHAB and Saad Group defaulted on about $22bn of debt in 2009
Abraaj Holdings filed for provisional liquidation in the Cayman Islands in June
The Singapore bank is joining Citibank and other global lenders expanding wealth management operations in the region
The Bahraini regulator already requires Islamic banks to undergo independent external audits
The size of the deal was $1m, sold by Al Hilal to a private investor
The payments and foreign exchange company plans to sell at least 30 per cent of its shares to the public
IPIC has also filed a criminal complaint in the UAE against two former executives for allegedly accepting bribes
Beam will be expanded across all Majid Al Futtaim retail stores by next year
The agreement will see around 22,000 projects funded over five years with 28,000 jobs created for Jordanian youth
Previously, the credit report and score could only be purchased at the AECB customer happiness centres in Abu Dhabi or Dubai
Interest in digital solutions from banks and government fintech accelerators are expected to support the market
The bank now operates four full-fledged branches across three cities in the kingdom
Stock market data showed that qualified foreign investors were net sellers in the week to November 15
Several UAE banks are now supporting the payment method
The scheme will be implemented from Sunday, November 18, 2018, at the Abu Dhabi, Dubai and Sharjah International Airports
If it goes ahead, the mergercould create an entity with around $113bn in assets
The maximum cash amount that can be returned to a tourist for a 24-hour period is Dhs10,000
Unlisted Tilal sold the country’s first sukuk in 2013 through a private placement