05/21/2018
UAE plans ownership for foreigners to lure investors
Emirates to change visa, ownership laws to attract investors in bid to boost slowing national economy.
Legal, Tax, Regulation & Compliance
05/20/2018
Governance and culture will differentiate banks in 2018
Some of the largest banks in the UAE already have a well-defined and transparent board selection and nomination process
05/18/2018
Egypt's Banque Misr hires Citi for $500 million loan: sources
Before November 2016, when the central bank allowed the Egyptian pound to float, Egyptian banks could only access foreign liquidity through central bank auctions, rather than the interbank market.
05/17/2018
SAAB And Alawwal Bank’s Merger To Create Third-Largest Listed Bank In Saudi Arabia
The proposed merger between SABB and Alawwal Bank would create the kingdom’s third-largest listed bank in terms of assets, profits and revenues.
05/17/2018
Philippine President Rodrigo Duterte lifts ban on Filipinos working in Kuwait
Duterte’s spokesman Harry Roque told reporters the president would give the instruction to the labor secretary after discussions with his special envoy to Kuwait, Abdullah Mama-o, who recommended the action to normalize the situation.
05/17/2018
Kuwait’s investment firm seeks SBP’s approval to sell its holdings in Meezan Bank
In this regard, Noor has requested Meezan Bank to approach the SBP for the unblocking of the Sale Shares to enable it to consummate the proposed transaction.
05/17/2018
Legal experts say new UAE arbitration law will encourage investment
The new law is based on the nearly universally accepted UNCITRAL Model Law
05/17/2018
Eastern promise: UAE's financial hubs target China
Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day
05/15/2018
Asset management industry ‘set for growth’
Central Bank of Bahrain executive director of financial institutions supervision Abdulrahman Al Baker told the GDN this positive trend can be attributed to the rapid expansion and increasing sophistication of the GCC financial markets
05/15/2018
Aflaj International and Dentons form project JV for Muscat Hills
Future project collaboration between the companies likely
05/15/2018
Citing Banking Issues, BitOasis Suspends Deposits and Withdrawals in Dirham
The usual method of buying and selling cryptocurrencies including bitcoin, Bitcoin Cash, litecoin, Ethereum, and the recently added Zcash remains permissible.
05/11/2018
Rotana Group eyes more investment in Turkey
There was an influx of 35 million tourists to this beautiful country.
05/11/2018
UAE's VAT application has gone smoothly and inflation will stabilize, says IMF
VAT imposed at 5 percent at the beginning of the year, represents a major administrative and cultural shift.
05/11/2018
ITFC Extends Further its Partnership with Banque Centrale Populaire
This MoU has been built on a firm belief of our mutual strategy in relation to regional cooperation.
05/09/2018
Deloitte: Kuwait eyes private sector to invest in country’s infrastructure projects
The Kuwait Direct Investment Promotion Authority has also introduced a scoring system that is followed when evaluating the issuance and approval of the investment licenses.
05/09/2018
Prosecution of Dubai Bank chair lawful, says DPP.
The DPP and DCI in their ground of opposition to the suit filed by Mr Zubeidi seeking to stop his prosecution says the matter is of public interest
05/09/2018
Qatar commits to fund Zim projects
President Mnangagwa yesterday morning held private talks with Qatar’s Minister of Defence Dr Khalid bin Mohamed Al Attiyah before touring the Supreme Committee for Delivery and Legacy, the body which is masterminding Qatar’s projects for hosti
05/08/2018
MG Capital, Karvy MIddle East Announce Partnership
MG Capital has historically delivered year over year growth to investors and offerings structured to provide annual liquidity distributions.
05/08/2018
Abraaj in Talks to Sell Fund Unit Stake to Colony NorthStar
Abraaj is considering the sale of the stake to raise cash amid heightened regulatory scrutiny and the departure of key executives, people with knowledge of the plans said in March.
05/07/2018
Bahrain's GFH Financial hires GIB to seek Saudi listing
GFH also said on Sunday it had received an offer to sell all its real estate portfolio.