07/27/2020
Emirates NBD completes customer migration to Smart Pass
Strong two-factor authentication for safer digital transactions
Legal, Tax, Regulation & Compliance
07/27/2020
Kuwait sovereign wealth fund fights court battle with fired executives
London arm of KIA alleges top managers conspired to award unlawful pay rises
07/24/2020
Abu Dhabi's NMC Health seeks another $250m in bank funds
UAE and international banks already have an exposure of $6b plus in hospital operator
07/24/2020
Al Salam Bank becomes first bank in Bahrain to complete customer handover of Deerat al Oyoun Villa under Mazaya Scheme
Al Salam Bank customers can now purchase their dream family home under the Mazaya Social Housing scheme with no down payment or administrative fees.
07/23/2020
Region's first: Dubai's DIFC-based GRIP to raise $10mln via digital securities
The issuance is the first major globally compliant digital securities offering in MEASA
07/23/2020
Lebanon hires US firm for central bank probe
Alvarez & Marsal forensic audit seeks answers to mounting finance crisis
07/23/2020
Region’s first global digital security capital raise from the DIFC
The issuance also cements the DIFC’s position as the leading financial hub in the region, thanks to its robust, yet innovative legal and regulatory framework which helps nurture innovation and adoption of technology.
07/22/2020
Lebanon contracts Alvarez & Marsal to do forensic audit
The move to name Alvarez & Marsal came after weeks of delays after other companies were not accepted because of alleged links to Israel, with whom Lebanon is at war.
07/22/2020
Loans worth $537mln approved for SMEs - Central Bank of Jordan
Central Bank approves 3,942 loan requests from enterprises hit by pandemic
07/22/2020
Emirates NBD raises foreign ownership limit to 40%
UAE indices were pulled higher by global cues, notably EU's 750b euro stimulus
07/22/2020
Al Salam Bank Partners With Bahrain Bourse and Central Bank of Bahrain on New Shari’A-Compliant Asset-Trading Framework
The innovative new structure meets a growing demand for Shari’a-compliant alternative financing solutions, which has prompted a rise in global Sukuk issuances.
07/22/2020
Kuwait runs into resistance on bill to boost borrowing
Kuwait raised $8bn in March 2017 in its first sale of international bonds
07/22/2020
Kuwaiti banker faces arrest in Switzerland over $850m probe
Fahad Al Rajaan is accused of being at the centre of a vast web of secret commissions and kickbacks
07/21/2020
QNBFS to start liquidity provision service for QIB on July 23
QNBFS invested in one of the most recognised international trading systems for liquidity provisioning activity. Moreover, it brought in experienced traders with advanced educational and professional experience in market making and liquidity provisioning.
07/21/2020
Qatar has lowest ‘2020 central government deficit-to-GDP ratio’ in GCC, says S&P
Since the sharp fall in oil prices, many GCC sovereigns have posted sizeable central government deficits.
07/21/2020
Lebanon court orders the seizure of bank governor’s assets
The cabinet is expected to discuss in its Tuesday session the file of the audit of the central bank’s accounts, to determine who will handle this task
07/21/2020
Saudi Arabia’s swift intervention in pandemic pays dividends: OBG report
A key focus of the report is the accelerated transition witnessed to digital banking and commerce, coming on the back of major reforms implemented under Vision 2030.
07/21/2020
Philippines seeks Qatari expertise in Islamic finance
Plaza, in the previous forum, highlighted Peza’s 10-point programme, citing plans to build ‘eco-towns’, ‘eco-cities’, and new metropolitan areas in every region in the Philippines.
07/21/2020
QNBFS to start liquidity provision service for QIB on July 23
Liquidity providers guarantee transactions at the best price and boost the volume of transactions in the order book.
07/21/2020
EBRD backs Egypt’s largest local currency bond issuance
The Bank’s investment brings its total contribution to EGP 3 billion (€173 million) in NUCA’s EGP 20 billion bond programme.