The company also plans to launch a crypto-exchange that would include a Sharia-compliant component
A new law introduced last month abolished a cap
Foreign investors withdrew $1.7bn from Saudi stocks last month as Western leaders expressed concern over the killing
The auction, originally planned for late October, was delayed by a last-ditch attempt to reach a settlement
The IPO could value the firm at about $3bn
The company was one of 11 finalists for the inaugural DIFC FinTech Hive accelerator programme last year
The two banks have been in talks since earlier this year on a potential merger
The new law provides for alternative dispute resolution (ADR) and/or expedited local court process in the UAE
The ratings agency said fiscal imbalances were likely to persist in the region
The advisory firm will seek to trace an estimated $33m owed by Abraaj relating to the Infrastructure and Growth Capital Fund
The platform consists of over 200 APIs and 900 end points covering retail, corporate and SMEs
The deal comes as Dubai and other Gulf cities compete to establish themselves as regional powerhouses in fintech
The commercial bank, which includes trade finance, cash management and capital financing, reported profit of $199m in MENA in 2017
The aim is for the companies to eventually list on Kuwait’s main market
Bahrain, hit by a slump in oil prices, has increasingly relied on external funding
Gulf investors sold a net $147m of Saudi stocks last week
The fund invests in seven income-producing real estate assets in Riyadh, Jeddah and Tabuk
The bank plans to offer wholesale banking services out of Abu Dhabi
Profit was buoyed by a rise in net interest income while impairments for bad loans also eased
The new note has been reprinted with added security features
HSBC has played an increasingly active role in Saudi Arabia in recent years
The foreign selling slowed from a record SAR4.01bn in Saudi stocks in the previous week
The new law raises the central bank’s capital to Dhs20bn
Billionaire wealth in the region grew to $165bn last year
The agreement came as Pakistani Prime Minister Imran Khan attended a Saudi investment conference in Riyadh
FAB is the latest foreign bank attracted by openings in Saudi Arabia
Couvegnes was dismissed by BSF in November in coordination with the central bank
The first phase will see the digital system of the scheme implemented at Abu Dhabi, Dubai and Sharjah International airports
Profit for the first nine months of the year was up 5 per cent
NBB is the second largest Bahraini bank by market capitalisation