Economy




NCB IPO 50.3% subscribed at 11th day end

The initial public offering (IPO) of the National Commercial Bank (NCB) was 50.3 percent covered by the end of the 11th day, according to the financial advisers and lead managers GIB Capital and HSBC




$22.5bn Riyadh metro a race against time

RIYADH: The sprawling Saudi capital is in a race against time to complete its $22.5 billion metro system within four years, a senior official said.



National Bank of Abu Dhabi earnings jump 32 percent

ABU DHABI: National Bank of Abu Dhabi (NBAD) expects its percentage rate of growth in lending to be in the high single digits in the coming months, although the profitability of its lending will conti







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