United Arab Emirates: Economic substance regulations amended and replaced
On 10 August 2020, the United Arab Emirates (UAE) amended and replaced the economic substance (ES) regulations (originally issued pursuant…
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Abu Dhabi Islamic Bank signs MoU with Israel’s Bank Leumi
Abu Dhabi Islamic Bank has signed a memorandum of understanding with Bank Leumi, one of Israel’s largest banks. ADIB…
UAE's Emirates Islamic Bank confirms $500mln bond sale
UAE-based Emirates Islamic Bank has confirmed it has sold Islamic bonds, or sukuk, worth $500 million to beef up liquidity.…
Dubai may be as indebted as South Africa if dissenters are right
Determining how much debt Dubai's government has amassed depends on who's counting. What is less in dispute is that the…
UAE, Bahrain, Turkey top Islamic countries on World Bank Human Capital Index
UAE, Bahrain and Turkey are the top Islamic countries on the World Bank Group’s Human Capital Index 2020 but there…
Bahrain banks' asset quality to dwindle but remain contained for now: S&P
Property prices in Bahrain will fall at an accelerated pace while banks will face pressure on profits towards the end…
Israeli and Emirati diamond exchanges sign 'collaboration agreement'
Diamond exchanges in Israel and the United Arab Emirates will soon open offices in each other’s countries. The news is…
Abu Dhabi investment office to open Tel Aviv site, its 1st outsie the UAE
The state-run Abu Dhabi Investment Office (ADIO) is set to open its first office outside the United Arab Emirates in…
Gulf loan market subdued but government-related entity deals surge – ADIB
Overall loan activity in the Gulf is about 20% to 25% lower than a year ago, but deals by government-related…
Qatar, US support strong and united GCC
The Governments of the United States and the State of Qatar have expressed concern about the detrimental security, economic, and…
Lebanese banks turning to France to outflank government rescue plan
Lebanon’s banks are trying to outmanoeuvre the government before the new premier forms a cabinet, throwing prospects for a bailout…
Turkish banking sector’s credit volume increases
The Turkish banking sector’s credit volume increased by over TL 15.18 billion ($2.01 billion) in the week of Sept. 4-11,…