11/22/2019
Egypt and European Investment Bank (EIB): A 40 year-long partnership to improve people’s lives
Further signatures by year-end are expected to be the Alexandria West Wastewater Treatment Plant (loan of up to EUR 120 million) and further support to SMEs through Banque Misr (around EUR 500 million).
11/22/2019
Banks erect financial ‘fence’ as crisis sweeps Lebanon amid protests
Facing the worst economic crisis since its 1975-90 civil war, Lebanon has slid even deeper into trouble since the eruption of protests against the ruling elite last month.
11/22/2019
This allows the Emiratis as well as the expat residents to continue their lives without having to leave the country or be prosecuted.
11/21/2019
Saudi Central Bank Watches Banks for Excessive Lending in Rush for Aramco IPO
Central bank has eased lending rules to boost demand for IPO
11/21/2019
UAE property insights: Removing upper age limit for mortgages could spur demand
A circular was issued by the UAE central bank in October remove the maximum age limit requirement as at the time of last repayment.
11/21/2019
Dubai and FAB partner up on new financing scheme to boost SME sector
Emirati entrepreneurs to receive financing from First Abu Dhabi Bank
11/20/2019
It currently oversees the Sharia compliance management of 30% of the cooperative Insurance firms listed on Tadawul.
11/20/2019
As external funding flows return to the system, some money that had been injected into the system over the past 18 months will be taken back, the analyst said.
11/20/2019
The ‘Turkey-Qatar Trade and Investment Opportunities’ seminar took place at Fairmont Quasar Hotel in Istanbul
11/20/2019
Bahrain wants to introduce mandatory health insurance for its expat population and has already reached out to private consultants to come up with a strategy.
11/20/2019
It move is also expected to facilitate and boost investment flows between Dubai and Africa.
11/20/2019
German authorities watched the suspected illegal banking operation for a year before their raid. The suspects are accused of running an illegal hawala banking system between Germany and Turkey.
11/19/2019
The new rules will improve disclosure for customers and institute commission caps on the sale of protection products, including fixed-term savings plans.
11/19/2019
New regulation mutually beneficial to businesses and banks: UBF
11/19/2019
231,277 real estate units, 1,240 properties, and 89 real estate companies registered in the system, with teams on standby
11/19/2019
All three men have pleaded not guilty.
11/19/2019
Issued by the Central Bank of Bahrain, the bonds have a duration of five years, from November 10, 2019 to November 10, 2024
11/19/2019
The IRS coordinates with global banking and foreign governments to discover when U.S. taxpayers have failed to report foreign investments
11/19/2019
The United Arab Emirates (UAE), a federation of seven Emirates (member states), has served as a global centre for trade for centuries.
11/18/2019
The contract encompasses over 100 locations across all seven emirates