04/08/2020
The new 2025, 2030 and 2050 bonds launched at a final spread of 300 basis points (bps) and 305 bps, respectively, over the underlying five, and 10-year US Treasury notes, and a final yield of 4.40% on the new 30-year maturity.
04/07/2020
A senior banking source said this rate would be fixed
04/07/2020
Lebanon’s coronavirus lockdown has compounded woes in a country with a weakening currency, dwindling reserves, and soaring inflation.
04/07/2020
A new salary structure will be implemented April 1 onwards, until further notice
04/07/2020
The International Monetary Fund, which last month approved a four-year $1.3 billion program with the kingdom, had expected Jordan’s economy to grow around 2.1% in 2020 but gradually rise in the next few years to 3.3%.
04/07/2020
Entry into and exit from the areas under curfew has been banned until further notice
04/07/2020
These initiatives are designed to allow the DIFC community to focus on protecting the wellbeing of their staff and supporting their clients during this time of stress and uncertainty.
04/06/2020
The Authorities regulate and supervise banks and finance companies that may have clients experiencing financial stresses as a result of the Covid-19 outbreak.
04/06/2020
In a war, massive spending on armaments stimulates economic activity and special provisions ensure essential services. In this crisis, things are more complicated, but a common feature is an increased role for the public sector.
04/06/2020
The meeting which was under the theme Global Partnership for Effective Development Cooperation was an important call from the Ministry of International Cooperation to bring forward a platform for discussion around immediate COVID-19 crisis response and se
04/06/2020
The UAE central bank has upped the ante against the financial impact of the coronavirus by introducing a new set of liquidity-boosting and capital preservation measures.
04/06/2020
The defendant was sentenced two years in jail followed by deportation.
04/06/2020
The UAE regulator said on Sunday it has halved banks' reserve requirements for demand deposits to 7% from 14%, which will inject about 61 billion dirhams of liquidity to support banks' lending and liquidity management.
04/03/2020
But views are mixed on whether the legislation should be delayed
04/03/2020
Liquidity and capital adequacy requirements for banks reduced, risk weighting for SMEs cut
04/03/2020
Redundancy and restructuring processes are sensitive and challenging topics in any jurisdiction.
04/03/2020
Some of the countries already specified by the World Bank as recipients of the coronavirus aid are Yemen, Lebanon, Egypt, and Morocco
04/03/2020
In such conditions, a legal ruling issued by a judicial system is incomprehensible and could only indicate that the court lacks any legal credibility and is only implementing orders and decisions from the Bahraini government’s political and security
04/02/2020
HCW was licensed in the Qatar Financial Centre (QFC) on February 4, 2015, as a trust administrator.
04/02/2020
The new rules, known as Circular 12, relate to life insurance and family takaful insurance will introduce a 4.5% commission cap on the sale of lump sum portfolio bonds or offshore bonds.