11/26/2019
Ex-Barclays executive: Qatar wanted to be bank's 'special' Gulf
Prosecutors allege the Barclays bankers did not properly disclose 322 million pounds of extra payments to Qatar.
Legal, Tax, Regulation & Compliance
11/26/2019
Aldar bullish on 2020 as government policies boost property market
New lending caps and other rule changes positive for the real estate sector, a top executive says
11/25/2019
First Joint Conference between Saudi, UAE Bank Officials Kicks off in Riyadh
The conference is an opportunity for bank officials from Saudi Arabia and the UAE to discuss and identify key challenges and opportunities in areas with international importance and impact on the banking sector.
11/25/2019
Ten Arrested in London for Hauling Millions in Suitcases into UAE
The United Arab Emirates has increasingly come under scrutiny for its role in laundering money for criminals.
11/25/2019
SAMA says Aramco IPO not causing liquidity issues for banks
“The Saudi banking sector enjoys very high levels of liquidity compared to Basel requirements,” Al-Kholifey earlier told the conference, referring to international banking rules.
11/25/2019
RAKBANK presents Global Economic Insights in partnership with Principal Global Investors
Latest publication focuses on the market’s economic achievements for the third quarter
11/24/2019
How the IMF can battle gradual irrelevance
This is in stark contrast to the past. I vividly remember the days, not so long ago, when officials prepared diligently for these policy discussions.
11/22/2019
UAE mulls creation of single financial services regulator to replace IA and SCA
The committee is also tasked with examining the implications of the proposed merger.
11/22/2019
The UAE's foreign investment regime
UAE companies may be owned entirely by nationals of Gulf Cooperation Council countries or companies owned by nationals of GCC countries.
11/22/2019
MEP Casa calls on UAE to fully cooperate on 17 Black
'Clear that 17 Black case is connected to murder'
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
New UAE insolvency law for individuals will come into effect in 2020
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
Malath to capture greater efficiencies in managing Sharia Compliance
It currently oversees the Sharia compliance management of 30% of the cooperative Insurance firms listed on Tadawul.
11/20/2019
Qatar banks can largely fend off tougher 2020
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
KPMG in Qatar launches ‘Turkish desk’; holds investment seminar in Istanbul
The ‘Turkey-Qatar Trade and Investment Opportunities’ seminar took place at Fairmont Quasar Hotel in Istanbul
11/20/2019
Bahrain to impose compulsory health insurance plan on expats
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.