03/21/2023
Saudi’s SRC, Alrajhi Bank sign landmark refinancing deal
The deal is the largest of its kind signed in the Saudi banking industry
Legal, Tax, Regulation & Compliance
03/21/2023
CBB Treasury bills oversubscribed
The issue date of the bills is 22nd March 2023 and the maturity date is 21st June 2023
03/20/2023
UAE affirms support for Syria’s return to Arab fold: Gargash
Diplomatic advisor to UAE President says renewal of solidarity will usher in stability
03/20/2023
NBK’s AGM approved all BOD’s recommendations
NBK held its AGM with a 71.47% quorum
03/20/2023
SAMA governor rules out Saudi transactions with troubled US banks
SAMA continues to cooperate with its partners in developing the banking sector as well as in supporting entrepreneurs and financial institutions in Saudi Arabia: Ayman Al-Sayari
03/17/2023
UAE to make remote services mandatory for all healthcare providers
Ministry of Health and Prevention to launch Smart Digital Health regulatory framework
03/17/2023
Federal Tax Authority launches 'Muwafaq Package'
Initiative to facilitate doing business among SMEs
03/17/2023
UAE Central Bank gives green light to UAE’s first paperless Direct Debit Marketplace
Accessed only through UAEPASS, the Marketplace offers users peace of mind, with all payments facilitated through the platform being integrated with, and regulated by, the UAE Central Bank
03/16/2023
UAE to make remote services mandatory for all healthcare providers
Ministry of Health and Prevention to launch Smart Digital Health regulatory framework
03/15/2023
Linklaters advises Abraj Energy Services on Oman’s largest IPO in over a decade
Linklaters also advised several entities within the OQ group, subsidiaries of the Oman Investment Authority, as selling shareholders in the transaction.
03/14/2023
Alvarez & Marsal Releases FY2022 UAE Banking Pulse
A&M’s UAE Banking Pulse examines data from the 10 largest listed banks in the UAE, comparing the FY’22 results against FY’21 results.
03/13/2023
Silicon Valley Bank collapse will have very little effect on Kuwaiti banks - Kuwaiti central bank
Kuwait's state news agency reported that the central bank governor had said that the exposure of the local banks to SVB was very limited and that the banks assured him that their business would be barely affected.
03/10/2023
Qatar's FX reserves, hard currency liquidity rose to $64.56bln in February
The bank's international official reserves witnessed a similar growth to reach 176.8 billion Qatari riyals, from 175.8 billion in January.
03/10/2023
Saudi makes visa rule change; opens doors to all GCC residents
Previously, the kingdom was giving eVisas to only those GCC residents with occupations listed on its approved list
03/10/2023
Price competition ‘erodes’ profitability of UAE insurers
However, outlook for UAE, other GCC markets remains stable, says credit rating firm AM Best
03/10/2023
Saudi Arabia, Germany sign 7 deals to enhance investment cooperation
The forum featured panel sessions to explore private sector partnership opportunities.
03/08/2023
Saudi mining giant Ma'aden gets DIFC captive licence
With 17 mines and sites and 6,000 direct employees, Ma'aden is among the world's fastest-growing mining companies
03/08/2023
UAE tax residency certificates: Step-by-step guide, cost to get them
According to the Federal Tax Authority website, it takes about 45 minutes to submit an application
03/06/2023
Clifford Chance and AS&H announce JV in Saudi Arabia to create AS&H Clifford Chance
The restructuring in Saudi Arabia has the full support of the Clifford Chance global partnership
03/01/2023
UAE central bank revokes licence of Dollar Exchange over serious misconduct
Dollar Exchange’s licence is second to be revoked this week