SAMI names Eng. Walid Abukhaled as CEO
The Board of Directors of Saudi Arabian Military Industries has appointed Eng. Walid Abukhaled as CEO of the company. …
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Qatar First Bank completes $41mn acquisition of a Texas property
Qatar First Bank (QFB) has completed a $41mn acquisition of Varsity Brands, a three story, 135,0000 square foot building in…
QFCRA agrees settlement with GlobeMed Qatar
The Qatar Financial Centre Regulatory Authority announced yesterday that it has agreed a settlement with GlobeMed Qatar LLC on misunderstandings…
Behind the Scenes at the Major MENA Startup Summit That Went Virtu
Founded in 2013 in Egypt, RiseUp became a grassroots movement that spread across the Middle East and North Africa (MENA)…
BAB organises series of meetings on financial disputes’ settlement
The Bahrain Association of Banks (BAB) will organise a series of online meetings with stakeholders in the government, private and…
Saudi Arabia finance ministry announces closure of August issuance of sukuk program
Saudi Arabia’s finance ministry announced on Saturday the closure of the August 2020 issuance of the government’s sukuk progam. …
SWFs see a more challenging investment environment in a bi-polar world
The International Forum of Sovereign Wealth Funds (IFSWF), a global network of almost 40 sovereign wealth funds, and Invesco, one…
Egypt's IDB prepares to launch full range of digital banking services
The Industrial Development Bank (IDB) has completed a full digital overhaul and modernisation of its technological infrastructure, according to the…
GCC sovereign sukuk issuance to rise in H2 2020
A recovery in market conditions and an increase in the borrowing requirements of the world’s largest sukuk sovereign issuers including…
KHCB signs Sukuk Murabaha agreement with BHB
Khaleeji Commercial Bank has recently signed an agreement with Bahrain Bourse allowing the Bank to utilise the Ijara Sukuk issued…
Israeli, UAE law firms to collaborate on framework for business ties
The Israeli law firm Gross, Kleinhendler, Hodak, Halevy, Greenberg, Shenhav & Co. (GKH) and BSA Ahmad Bin Hezeem & Associates…
'It’s been a challenging year': Dubai loosens alcohol laws to ease economic slump worsened by coronavirus
Dubai again has loosened laws governing alcohol sales and possession of liquor as the sheikhdom tries to claw its way…