Abu Dhabi Global Market releases plans to regulate service providers
The Abu Dhabi Global Market Registration Authority has published a consultation paper outlining its plans to establish a regulatory framework…
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UAE: Islamic personal law reforms are good for business
Reforms announced to Islamic personal laws in the UAE will have a positive impact for the local economy and business…
BisB wins top Islamic banking award at Finnovex
Bahrain Islamic Bank has emerged as the winner of the prestigious award ‘Excellence in Islamic Banking Bahrain’ at the 2020…
Tougher penalties for UAE businesses who disclose VAT errors
Businesses in the United Arab Emirates (UAE) face tougher penalties than previously expected when they make a VAT Voluntary Disclosure…
Bond calls in the face of insolvency: UAE law need to know
The recent announcement by UAE construction giant Arabtec Holding PJSC (Arabtec) that its shareholders have resolved to "adopt a plan…
Ithmaar Bank announces third quarter results
Ithmaar Bank B.S.C. (closed),has announced its financial results for the nine-month period ended 30 September 2020 with continued focus on…
Turkey Central Bank Chief Said to Promise Greater Visibility
Turkey’s new central bank governor has told lenders he will offer clearer guidance on monetary policy, according to people with…
British expats in EU face 'significant disruption' as UK banks close accounts
Many of the 1.8 million British expats living in Europe will have their UK bank accounts closed imminently because of…
New partnership to unlock €220 million for Egypt’s climate fight
The European Bank for Reconstruction and Development has partnered with the European Union and the Green Finance Fund (GCF) to…
Kuwaiti Islamic Banks' Asset Quality and Profitability Under Pressure
Profitability at Kuwaiti Islamic banks will continue to be affected by lower profit rates, lower business volumes and higher financing…
OIA announces changes in boards of state-owned companies
In continuation of the comprehensive review of its state-owned companies with the aim of raising their efficiency, developing their performance…
State investors help plug Saudi Arabia's yawning deficit
Saudi Arabia is increasingly relying on state-owned investors to finance itself amid the coronavirus pandemic, a strategy that raises questions…