The new programme will cover home loans, auto loans and business loan products
The UAE implemented 5 per cent VAT on the supply of most goods and services on January 1, 2018
The President and CEO of Dubai Chamber of Commerce and Industry talks about plans to cement Dubai’s reputation as global business hub.
Nationalising the sector could also generate more than 35,000 jobs for Saudis
New Saudisation rules have seen hundreds of thousands of legal foreign workers leave the country
Shareholders will vote on the deal on January 8
The government will buy 1.59 billion shares in the bank, which has struggled due to high levels of bad loans
Analysts said Riyad could benefit from NCB’s strong balance sheet
Everything you need to know about VAT in Bahrain
Both banks have a common shareholder in sovereign fund Public Investment Fund
Merger talks between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank are reportedly at an advanced stage
Saudi banks said they had reached a deal with tax authorities to resolve a dispute that would still result in big one-off payments
New senior appointments also announced in Jordan and Oman
The UAE is seeing a rise in the use of contactless payment solutions
The US Federal Reserve Board decided to hike rates by 25 basis points
The company’s GCC strategy generated total returns of 1 per cent this year
Five sectors of the Saudi economy are prepared for privatisation in the first quarter of 2019
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