Massoud A Derhally

If successful the combination would create the Arab world's third-biggest lender by assets

Fund revises forecast down to a 4.9% contraction and reiterates earlier call for international co-operation to contain fallout and facilitate recovery

Arif Naqvi attempts to have criminal case linked to the collapse of the private equity firm held outside the US, where he faces fraud and money laundering charges if extradited

The global economy is forecast to shrink 3% this year and will slide into the worst recession since the 1930s, according to the fund

The private equity group's founder Arif Naqvi is contesting extradition from the UK to the US

The former Chase Manhattan banker founded Bahrain's Investcorp and ran the alternative investment firm for more than three decades

More than a quarter of Palestinians lived below the poverty line before the pandemic and are now expected to increase to 30% in the West Bank and 64% in Gaza

Mr Moers replaces Andy Palmer who is leaving the firm after its shares plunged nearly 94% since going public in 2018

Andy Palmer, chief executive of the luxury carmaker, told The National he is leaving the company but has no immediate plans regarding the future

The former businessman, known as ‘the father of contemporary Islamic finance' grew Dallah Albaraka into a regional powerhouse from trade and finance to real estate

Exclusive: Sultan bin Sulayem says the pandemic is unlike the 2008-09 financial crisis and more akin to the global economic collapse after the Second World War

The kingdom is increasing the consumption tax from 5% and is suspending the cost of living allowance as of June

The Emirates will keep the consumption tax at 5%

The chairman of the Dubai Supreme Fiscal Committee says he is optimistic about the outlook for the tourism and aviation sectors

Abandoning the country's peg to the US dollar is one of nine points that underpin the government's economic rescue plan