07/02/2021
Global tax overhaul backed by 130 countries
All G20 countries, such as the US, UK China and France, did back the agreement.
Legal, Tax, Regulation & Compliance
07/02/2021
Linklaters advises on first ever international convertible bond issued by a Turkish listed company
The bonds include a number of bespoke features, including leverage and guarantee covenants, a make-whole provision and an annual conversion price reset test.
07/01/2021
Deloitte experts release 'Transfer Pricing in the Middle East' guide
According to publisher LexisNexis (one of the world’s largest legal and tax information providers), this book is “the first of its kind in the Middle East region.
07/01/2021
Shariah-compliant fund from Ethos Invest aims to raise $1.38bln
UK-based fund will invest across the MENA region as well as the UK, Europe, Southeast Asia and North America
07/01/2021
Al-Marzouq: KFH has been operating in Turkey for over 30 years with a variety of achievements
KFH Group participates in the Investment Opportunities & Collaboration Areas between Turkey and Kuwait webinar
07/01/2021
Qatar Cuts Stake in Credit Suisse
The result is that U.S.-based fund manager BlackRock moves up into the top position with a 5.4-percent share.
06/30/2021
Banking fraud awareness and prevention
Why it is imperative to dedicate substantial resources to secure infrastructure
06/29/2021
CBD To Provide Digital Banking For DMCC-Licensed SMBs In UAE
The partnership with the DMCC is the latest in a series of agreements made by the CBD in what it describes as an effort to support the SME ecosystem.
06/29/2021
Turkish regulator urges banks to lend at a fair cost
Turkey’s government is seeking to stimulate economic growth through increased lending by the finance industry.
06/29/2021
UAE Central Bank issues guidance on anti-money laundering
LFIs are required to perform appropriate customer due diligence and report any behaviour that they reasonably suspect
06/29/2021
Ashurst’s M&A team sees two deal mandates in Abu Dhabi close
A new venture set up in Abu Dhabi Global Markets.
06/28/2021
Financial positions of banks in Egypt rise by EGP 532bn in Q1 of 2021: CBE
Capital at banks amounts to EGP 177.92bn, reserves register EGP 347.826bn, provisions score EGP 165.588bn
06/28/2021
Dentons advises Ahli United Bank K.S.C.P. on their US$600 million Tier 1 sukuk issuance and the tender offer for their US$200 million capital certificates
The issuance was dual listed on the regulated market of Euronext Dublin and on Nasdaq Dubai, and was offered to sophisticated investors outside the US in reliance on Regulation S under the US Securities Act 1933.
06/25/2021
Bank of Sharjah rewards shareholders with AED100m bonus share issue on back of strong underlying profitability
Bank of Sharjah has received all regulatory approvals for its AED100m bonus share issue
06/25/2021
Banking system in Qatar proved ability to mitigate risks: QCB Governor at Qatar Economic Forum
His Excellency explained in this context that what is worrying is that interest rates have been low over the past years, with investors investing in high-return instruments.
06/25/2021
Saudi Arabia Takes Banking Industry Leap by Approving Digital Banks
The state economy and the public and private sectors benefit from digital banks' presence, specialists confirmed to Asharq Al-Awsat.
06/24/2021
Saudi Cabinet authorizes finance ministry to issue licenses to STC Bank and Saudi Digital Bank
The Cabinet approved the proposal during a virtual meeting chaired by King Salman, it said.
06/24/2021
Digital licenses will lead to a ‘new style’ of banking, experts say
Hafiz also praised the effort of the Saudi Central Bank (SAMA) to “broaden the scope and efficiency of innovative services” available in the Kingdom.
06/24/2021
Saudi Arabia's Bank AlJazira markets AT1 Islamic bonds, document shows
Alinma Investment Company, Aljazira Capital and JPMorgan are arranging the deal
06/24/2021
Egyptian president approves July pension and wage increases
Egypt’s budget, to be implemented in early July, also includes two bonuses at a cost of about 7.5 billion Egyptian pounds