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
Legal, Tax, Regulation & Compliance
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
05/14/2020
UAE expats 'exempt from all fines' for 3 months
The new announcements includes residency and work permits, and identity cards.
05/13/2020
Moelis & Co granted advisory licence in Saudi Arabia -CMA
The licence will allow Moelis to conduct arranging and advisory activities in the kingdom, the CMA said.
05/13/2020
FAB and Bahrain Clear sign depository agent agreement
FAB will provide custody, issuer and transfer agent services, fund administration and other related banking services to its regional and international clients
05/13/2020
Lebanon to start IMF negotiations in next two days, says minister
Lebanon defaulted on its foreign currency debt in March, while its currency has lost more than half its value since October.
05/13/2020
Dubai watchdog fines two firms and three directors
But they will contest the prohibition orders and penalties at a tribunal