05/28/2019
Merger wave across GCC banking sectors coming to an end
Most recent mergers in region driven by common major shareholders
Legal, Tax, Regulation & Compliance
05/28/2019
QCB’s prudent monetary policy helps Qatar banks stay healthy: Al-Shaibei
It was done very smoothly, without shaking the banking system.
05/28/2019
Added: Asset managers show keener interest in UAE funds market
Shake-up of rules governing the sector look set to continue as Securities and Commodities Authority steps up oversight
05/28/2019
Notice From The UAE’s Securities And Commodities Authority Regarding Unlicensed Companies And Fictitious Entities Claiming To Have A License From The Authority
The SCA would also note that some companies have been spotted stating in their websites that they are licensed by the SCA and/or by other regulatory authorities within the UAE. However, they were found unlicensed.
05/28/2019
UAE property market needs new financing rules
Authorities should consider raising age limits for mortgage borrowers
05/27/2019
UAE’s SCA warns against forged licenses by financial firms
Market authority says many companies found to have fake certificates to lure investors
05/24/2019
GCC bond, sukuk issuance surges by $32bn in Q1
National Bank of Kuwait report says outstanding debt in the region has been lifted to $478bn
05/24/2019
The DIFC's New Defined Contribution Scheme
The new DIFC Scheme is proposed to come into force on 1 January 2020.
05/23/2019
Saudi Arabia, UAE to attend Palestine investment meeting
The plan is likely to call for billions of dollars in financial backing for the Palestinians.
05/23/2019
UAE Monetary Base Up To AED386 B In April
The UAE monetary base increased to circa AED386 billion by the end of April, 3.5 percent up from AED373 bn one month earlier
05/23/2019
Banking law amendments for capital requirements could trigger profit retention, M&As: Pharos
Furthermore, the report indicates that if the law is approved, the CBE may give banks up to three years to comply and by that time, all banks under our coverage that fall below the require minimum would have already built an adequate capital base from pro
05/22/2019
Andersen Global Signs First Agreement in Bahrain
The environment in Bahrain is changing, especially with the implementation of VAT earlier this year.
05/22/2019
Deloitte: Construction Hitches in the GCC Lead to Calls for Positive Change
Market participants are eager to see positive change in the industry – not least through more-balanced contractual relationships.
05/22/2019
UK minister for Middle East hails Egypt’s economic reforms
Murrison and Adel also tackled developments and escalations in the Middle East during their meeting.
05/22/2019
Saudi court accepts AHAB's bankruptcy filing, rejects liquidation - sources
The bankruptcy filing was seen as a key test of Saudi Arabia's new law for handling insolvency disputes
05/21/2019
DCI sleuths in Dubai, Kenya late loan payments, Handshake kills NGOs: Your Breakfast Briefing
The stories making headlines in the Star this morning.
05/21/2019
How Will Brexit Affect the Middle East and North Africa?
A few days before the referendum in 2016, Global Risk Insights published a list of four effects of Brexit on the Middle East and North Africa.
05/21/2019
Afghanistan closes Iran-backed bank, citing regulatory violations
Arian Bank was one of more than 50 Iranian banks hit with US sanctions in November
05/21/2019
How Latin American trade with UAE will be enabled by Panama
Faced with unpredictable markets closer to home, businesses in Dubai are setting their sights on faraway Latin America
05/21/2019
Palestinian businessmen reject invite to US ‘peace’ workshop in Bahrain
Palestinian businessman Ibrahim Barham said he has received an invitation to participate in the workshop, adding that he will not participate without a national decision.