Lenders warned that it’s still too early “to determine the size and extent of the financial impact at this stage”
Meanwhile, the value of total assets of the UAE’s largest bank rose 14 per cent to Dhs835bn
The country’s central bank also instructed all banks to consider entry permits issued to expats in the UAE from March 1 – December 31, 2020 to be valid
ADCB is owed $963m by Abu Dhabi healthcare group NMC, which has now been placed under administration
The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list
Abu Dhabi Islamic Bank is reportedly planning to close local and international branches
The UAE’s biggest listed banks ranked by total asset size
The enlarged ADCB group, listed on ADX, has Dhs423bn in assets and over one million customers
The three-way merger with Union National Bank and Al Hilal Bank could form a bank with around $113bn in assets
The biggest listed companies in Bahrain by market capitalisation
The biggest listed companies in the UAE by market capitalisation
The law establishes ‘positive’ and ‘negative’ lists of sectors open to more than 49 per cent foreign investment
An insight into earnings in Bahrain from the 2018 Gulf Business Salary Survey
The biggest listed companies in Kuwait by market capitalisation
The kingdom’s biggest listed banks, as ranked by total asset size
The country’s biggest listed banks, as ranked by total asset size
Oman was the third strongest market in terms of salary increases
Kuwait was the third weakest market in terms of pay rises
Bahrain saw the second smallest salary increase over the last year
The overall average monthly salary was up 0.98 per cent from $12,086 to $12,204
Saudi Arabia showed the weakest salary growth across the GCC region
The average monthly pay packet in the UAE rose 0.66 per cent in the last year from $11,276 to $11,350
The biggest listed companies in the Gulf region
The biggest listed companies in Qatar as ranked by market capitalisation
The biggest listed companies in the UAE as ranked by market capitalisation
Average salaries in Saudi Arabia rose seven per cent to reach $12,978.3 per month in the Gulf Business 2015 Salary Survey.
Average salaries fell by over 2 per cent in Qatar, according to the Gulf Business 2016 Salary Survey