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KSA banks distressed as stocks cheaper than assets

RiyadH / Bloomberg Saudi banking stocks have fallen to the lowest levels in at least a decade relative to their net assets, showing the slump in oil is stoking concern that bad loans will increase. Following a 10 percent slide this year, an index of 12 lenders on the Tadawul All Share Index is trading at an average 1.3 times ...

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Reimagining business in 2016 in UAE

DUBAI / EMIRATES BUSINESS Sage Middle East, the leading provider of business management solutions, delived into the complex and exciting world of ubiquitous computing trends in business by hosting a luncheon discussion on trends in disruptive technologies at Dubai’s Shangri-La Hotel. The luncheon held in Dubai is the latest edition of Sage’s GCC series of discussions on trends in technology ...

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Musanada completes SKMC Dialysis Centre

Abu Dhabi / WAM The Abu Dhabi General Services, Musanada, has announced the completion of the Sheikh Khalifa Medical City Dialysis Centre, at a total cost of AED140 million. The Dialysis Centre will be handed over to Abu Dhabi Health Services Company this week. The construction of the centre comes within the framework of Musanada’s keenness to embody the vision ...

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