All Articles

Hedge Funds & Alternative Investments

Oman issues a list of activities prohibited from foreign ownership under the FCIL

January 28, 2021

Further to our February 2020 client alert on Oman's new Foreign Capital Investment Law (FCIL), Ministerial Decision 209/2020 has recently…

Read More

FinTech

Digital wallet spending to nearly double to $10trln in 2025

January 27, 2021

Digital wallet spending across the world is expected to nearly double in five years as the shift to cashless payments…

Read More

Financial Results

Boubyan Bank records operating profits of KD 93 million in in 2020

January 27, 2021

Al-Shaya: Allocation of Additional Provisions Bolsters the Bank's Financial Position Against Any Future Repercussions of the Covid-19 Crisis    Al-Majed:…

Read More

New Investment Products & Services

HSBC launches first cashback credit card

January 27, 2021

HSBC has launched its first cashback credit card in Qatar, giving retail customers up to 3 percent cashback on everyday…

Read More

Hedge Funds & Alternative Investments

Central Bank of UAE begins procedures to execute Insurance Authority merger

January 27, 2021

The Central Bank of the UAE (CBUAE) announced the commencement of operational procedures aimed at assuming the supervisory and regulatory…

Read More

Comment & Analysis

Saudi Arabia returns to dollar-debt market to boost finances

January 27, 2021

Saudi Arabia sold a two-part dollar bond as countries in the Gulf Arab region raise cash buffers to weather low…

Read More

Market Forecasts

UAE banking sector still 'in good health': Emirates NBD

January 27, 2021

The UAE’s banking sector remains financially sound despite going through challenges posed by the coronavirus pandemic, said Emirates NBD, Dubai’s…

Read More

FinTech

Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange

January 27, 2021

Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the…

Read More

Hedge Funds & Alternative Investments

CBO issues treasury bills worth OMR76 million

January 27, 2021

Oman’s central bank raised OMR76 million by way of allotting treasury bills on Tuesday.   The treasury bills are for…

Read More

Comment & Analysis

Predictions and trends impacting finance and banking in 2021

January 27, 2021

COVID-19 has certainly helped catalyze a move towards digitization. Banking and finance stand to reap benefits in 2021 The UAE…

Read More

Legal

Clyde & Co brings its forensics advisory arm to the Middle East

January 27, 2021

Global law firm Clyde & Co has brought its forensics and investigations advisory capability to the Middle East. Leading the…

Read More

Financial Results

Emirates NBD Announces Full Year 2020 Results

January 27, 2021

Total income of AED 23.2 billion improved 4% y-o-y Total Assets up 2% y-o-y to AED 698 billion Operating Profit…

Read More