05/07/2020
EBRD provides US$ 175 million financing package to Turkey’s DenizBank
Of the new funds, US$ 100 million will be dedicated to support DenizBank’s financial instruments and products that facilitate international trade and finance.
Legal, Tax, Regulation & Compliance
05/07/2020
Investcorp forms JV with Tages Group to create investment platform with $6bn in assets
The two partners have no client overlap and the merger of their units will help expand their client relationships and geographical reach
05/06/2020
Saudi Arabia announces penalties for those breaching coronavirus measures
The announcement also specified punishments for those spreading COVID-19 related rumors
05/06/2020
UAE banks will be able to 'manage' COVID-19 economic shock - Central Bank
Central Bank governor says it's still too early to gauge extent of pandemic's economic fallout
05/06/2020
QCB to encourage venture capital financing, start-up development: Sheikh Abdull
In order to provide a national-level, comprehensive strategy for the sector, a clear definition of SMEs was provided and measures were undertaken to reduce barriers to bank lending for these entities.
05/05/2020
Coronavirus: UAE Higher Sharia Authority approves COVID-19 parameters
Body urges Islamic financial institutions to join in supporting affected sectors, people
05/05/2020
Gold is well-positioned as a hedge against inflation risk from expansionary fiscal and monetary policies
This goes against gold’s embedded characteristics, but we think that the unique circumstances at the time of that selloff are likely in the rear view.
05/05/2020
IMF chief says had 'productive' call with Lebanon on its recovery plan
Lebanon plans to use the rescue plan to negotiate an IMF program.
05/05/2020
NMC Health's audit firm faces UK probe
Regulator to investigate Ernst & Young's handling of audit
05/05/2020
Saudi Arabia pressured but adequately buffered: MUFG MENA
Saudi Arabia has significant balance sheet strength
05/05/2020
Saudi experts warn against investing in unlicensed projects
Warning comes after a company is accused of using official logos in promotional video
05/04/2020
Coronavirus impact: E-commerce businesses grow faster in Dubai
Additionally, it enables business continuity and sustainability during Covid-19.
05/04/2020
Lebanon banks reject rescue plan as govt asks IMF for help
The banking association called revenue and expenditure measures “vague” and not backed by a precise timeline, and said the plan did not address inflationary pressures that could lead to hyperinflation.
05/04/2020
Dubai Gold and Commodities Exchange records 'extraordinarily busy' April
Total volumes on the DGCX in April totaled 810,000 contracts, valued at $20.02 billion
05/04/2020
Higher Shariah Authority at Central Bank issues guidelines for COVID-19 relief
HSA issued Shariah parameters related to the postponement of installments
05/04/2020
GCC's road to recovery amidst the Covid-19 pandemic
The region benefits from strong sovereign wealth funds and foreign currency reserves that could provide support in the short-term.
05/04/2020
Israel Enlists Money Managers to Help Fund Struggling Startups
Israel’s tech sector -- including ore than 6,000 startups -- is a critical component for the country, accounting for about 10% of all jobs.
05/04/2020
Saudi fiscal adjustment preferable to a devaluation
Pressure on the peg has again intensified with low oil prices and a drawdown of reserves
05/04/2020
LOOMING RECESSION: Difficult times ahead, Okonjo-Iweala warns
If you look even in the Middle East, where you have countries like Kuwait, UAE among others, you have so many countries that are commodity dependent but they save and save because what goes up must come down.
05/04/2020
Al-Jadaan reveals full extent of Saudi Arabia’s pandemic challenge
The double whammy of declining economic activity and falling oil revenue make drastic and speedy action inevitable for the Kingdom, Al-Jadaan indicated.