Michael Fahy

Bank's total assets grew to Dh1tn by the end of September

The lender is attempting to recoup funds guaranteed by Finablr's founder, extended to the company's UAE Exchange business

A creditor-led reorganisation will lead to higher returns but will take longer to achieve, advisers tell lenders

The 1.2% stake sale brings the total amount secured from backers to more than $5.1bn in about four weeks

The deal, which will restructure and settle its debts, is set to conclude within a month

A decline in energy prices contributed to the first slide into negative inflation rates in Europe since May 2016

Smaller insurers in the kingdom are facing pressure to merge as capital requirements are set to rise, according to Moody's

Yalla Group will use proceeds to market its voice-based platform and invest in technology

Demand for government sukuk and Shariah-compliant mortgages is helping to drive asset growth in the kingdom

Abu Dhabi's strategic investment fund has also bought a stake in the US-based investment company

Decision means the company will be able to pay salaries of its employees

Loans to private sector, point of sale transactions and other data indicate rebound is already under way

Data shows emergence of a 'two-speed' economy, with growth in manufacturing offset by weakness in the services sector

Witness statement by acting chief executive Michael Davis says fraud at healthcare company allegedly ran for at least eight years

The gaming industry is set to generate revenue of $159.3bn this year, according to Newzoo