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Legal, Tax, Regulation & Compliance

05/20/2020

Egypt says proposed standby funding from IMF aimed at helping businesses

“The 2016 programme was more on the fiscal and monetary side,” Saeed said. “After the success of the first phase of reform, we are continuing the structural reform programme.”

05/20/2020

Qatar Central Bank announces Eid Al Fitr holiday

The bank said in a circular that all financial institutions operating in the state must fully close all its branches during the vacation period.

05/20/2020

New banking regulations threaten press freedom in Turkey

Recent measures seeking to limit damaging information on the financial system pose new threats to press freedom in Turkey.

05/20/2020

BNP Paribas’ FX Prime Brokerage Unit Halts Turkish Lira Trades

The decision comes barely one week after Turkey’s regulator lifted a ban they imposed earlier this month on BNP Paribas.

05/20/2020

Turkey exempts Euroclear, Clearstream from trade limit

2 financial institutions exempted from Turkish lira transaction limit, says banking watchdog

05/20/2020

Turkish state owned Vakifbank obtains banking licence from Qatar

Permission to operate comes as opposition claims Doha is planning to buy shares from the bank

05/19/2020

UAE Securities And Commodities Authority Discusses With The Capital Markets Advisory Committee Initiatives To Regulate The OTC Market And Its Precautionary Measures To Contain The Consequences Of COVID-19

They reviewed SCA’s initiatives and the preventive and precautionary measures it took to limit the consequences of COVID-19 and contain its negative effects on financial markets.

05/19/2020

Service Quality and Resilience are Key in Current GCC Environment

The region has also seen governments introduce a range of fiscal and monetary measures to support businesses through these challenging times.

05/19/2020

Saudi Arabia's PIF buying spree is vote of confidence in pandemic recovery

The PIF buying spree helps shift its portfolio away from a concentration on Saudi Arabia and its big projects

05/19/2020

VakıfBank becomes first Turkish lender to obtain license in Qatar

The bank plans to launch its operations in Qatar after the coronavirus pandemic, said Abdi Serdar Üstünsalih, the bank's general manager.

05/18/2020

Saudi Arabia's sovereign wealth fund seeks $10bn margin loan

Public Investment Fund is pledging some of its stakes in SoftBank Group's investment vehicle to shore up liquidity

05/18/2020

A private client’s guide to DIFC Foundations

DIFC Foundations are fully recognised under UAE law.

05/18/2020

Dubai Islamic Bank donates AED16 million to Zakat Fund projects

He also called on Islamic banks and institutions to follow the initiative of the Dubai Islamic Bank to provide zakat money to deserving groups and help the Zakat Fund achieve its goals.

05/18/2020

NIB approves capital hike for aiBANK

aiBANK is a subsidiary of NIB

05/17/2020

Arab Monetary Fund disburses to Kingdom of Jordan the second tranche of the loan

$38mln to support reform efforts in face of various challenges

05/15/2020

Linklaters Plans Third Middle East Office

The law firm is expected to launch an office in Riyadh.

05/15/2020

European bank loans Turkey’s QNB Finansbank $108M

European Bank for Reconstruction and Development loan to help Turkish lender support trade, SMEs amid virus crisis

05/14/2020

UAE ministries may be merged, authorities changed: Sheikh Mohammed

The world will not be the same after Covid-19, said the Vice-President.

05/14/2020

Combating coronavirus: All UAE expats exempted from visa fines

Three-month grace period from May 18 set for residency violators expats to avail of fines exemption.

05/14/2020

Sheikh Mohammed grants 10-year Gold Card visas to Dubai doctors battling Covid-19

Gold Card holders are granted long-term residency visas covering them and their families without the need of a sponsor

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