Sohar International concludes $100mln loan syndication
Sohar International has recently concluded a $100 million syndication, which is considered a landmark transaction for the bank as it…
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Saudi's Alkhabeer eyes $266mln for new fund, subscription starts in December
Saudi Arabia’s Alkhabeer Capital, an Islamic investment and advisory firm, has launched the subscription for its new fund, which it…
Online portal for UAE economic substance regulation notifications to go live
The United Arab Emirates (UAE) authorities have confirmed that notifications and annual reports due under its new Economic Substance Regulations…
Employment regulations in the Abu Dhabi Global Market
Major changes were made to the employment law in the Abu Dhabi Global Market (ADGM) that took effect on 1…
Wealth management of tomorrow: Is it human or hybrid?
In a world interspersed with digitalisation and upended by disruptive technologies, digital enablement translates into sustainability. This may prompt…
UAE foreign ownership and investment laws reformed
An increase in foreign investment to the UAE will follow from reforms announced to company ownership laws, Middle East experts…
QE's benchmark index surges 180 points in a week
Shares in Qatar stock market ended the week on a positive note as shares registered strong gains during the week.…
Most KSA and UAE consumers will spend during Black Friday
A survey by global consulting firm Simon-Kucher & Partners looked into the buying appetite of consumers globally, surveying more than…
Dubai Court orders whopping Dh1.6b compensation to founder of Tameer Real Estate Company
In a landmark verdict for the UAE’s real estate marketplace, a Dubai Court has ordered Saudi businessman Ahmed Al-Rajhi to…
Qatari investment body to acquire 10% share in Borsa Istanbul
Turkey and Qatar on Thursday inked a memorandum of understanding (MoU) to finalize the sale of 10% shares of Turkey's…
Saudi Aramco’s $8 bln bond issue attracts 150 investors, says official
Saudi Arabian Oil Co.’s (Saudi Aramco) $8 billion senior, dollar-denominated bond issue attracted 150 new investors, Al Sharq TV reported,…
Egypt banks step up anti-virus efforts
Up to half of bank employees in Egypt will be encouraged to work from home under guidelines to counter a…