06/17/2020
As the crisis has worsened, nearly a quarter of 1mn people have lost their jobs, the labour federation says, the Lebanese currency has lost more than 60% of its value and savers have been locked out of their deposits.
06/16/2020
President Erdogan says Islamic tools offer a "key" to get out of global economic woes triggered by coronavirus pandemic, while vowing to make Istanbul centre of Islamic economy.
06/16/2020
Kingdom also announces wider effort to collect taxes and catch tax evaders
06/15/2020
The punishment includes fines and/or jail sentences of up to 25 years
06/14/2020
Strict public health procedures will continue to be implemented, says DIFC
06/14/2020
The DFSA recognises that engagement with market participants is essential to ensure that this evolution occurs in a way that maintains the protection of client assets and market integrity.
06/12/2020
The kingdom has also lost revenue from the suspension of Muslim pilgrimages to the holy cities of Mecca and Medina, which were closed to visitors due to the virus.
06/12/2020
The amendments to the ADGM founding law, issued alongside accompanying guidance were announced on 27 May 2020
06/12/2020
The new loan is part of the EBRD’s efforts to support Turkey and other countries where it invests to combat the economic impact of the virus and support recovery.
06/12/2020
Emirates NBD issued the statement in response to a recent news report speculating that BofA had bought 100 million shares
06/12/2020
The Turkish central bank’s net foreign currency reserves dropped to $31.55 billion as of June 5 from $41 billion early this year, according to latest official data.
06/12/2020
Businesswoman Amanda Staveley testifies in her lawsuit about deal that allowed bank to escape government bailout
06/11/2020
The benefits of deploying blockchain in banking operations range from increased security to the ability to track and trace money.
06/11/2020
'Roadmap' to be prepared to start on hosting mega-events in the city
06/11/2020
Stimulus measures seen to weigh positively on key economic indicators
06/11/2020
The CBUAE launched TESS in two phases, commencing on 14th of March.
06/11/2020
The metal eventually turned sideways when so-called risk assets bounced, but with gold holding up due to U.S. dollar weakness and low long-term real interest rates, Goldman said in a report Tuesday.
06/11/2020
By structuring transactions using vehicles domiciled in the ADGM, enforceability of structures and transaction terms can be improved for private equity and venture capital investors.
06/10/2020
The workshop and additional online sessions with a dedicated mentor helped Abjjad decrease the time and cost of operations as well as increase productivity and quality in the publication of Arabic digital books on their platform.
06/10/2020
The Court of Appeal issued a judgment agreeing with the Claimant and, insofar as it related to the award of legal costs, partially nullified the final award.2