Lebanon’s real estate sector booming despite financial crisis
Like most Lebanese expatriates who keep their life savings in their home country, Elias, a sales manager in Dubai, panicked…
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Dubai Islamic Bank lists $300m sukuk on Nasdaq Dubai
Dubai Islamic Bank, the largest Islamic bank in the UAE, listed a $300m sukuk on the Nasdaq Dubai exchange on…
Islamic finance sector needs to unlock its long-term potential
The Covid-19 pandemic has caused significant disruption to the global economy and financial markets, including the global Islamic finance industry.…
FEB refutes rumors of Egyptian banks funding GERD
Federation of Egyptian Banks dismissed Tuesday all circulating news on social media regarding the funding of the Grand Ethiopian Renaissance…
GTA launches new tax portal; companies required to register on ‘Dhareeba’
The General Tax Authority has launched the first phase of the new online tax paying system called, “Dhareeba”. All…
Dubai GDP records 3.5% decline in first three months
Dubai’s GDP (gross domestic product) recorded a 3.5 per cent dip in the first three months of the year, just…
Dubai World Fulfils Obligations to Creditors Totalling USD 18.9 Billion
Dubai World has announced the repayment of the final tranche of debt to its original creditors, completing the refinancing program…
Edita subsidiary obtains $8.2mln from Arab Bank
Edita Food Industries (Edita) has announced that its Moroccan subsidiary obtained a seven-year MAD 80m loan (EGP 133.2m) from Arab…
Qatar banks Al Khaliji and Masraf Al Rayan begin merger talks
Qatari lenders al Khaliji and Masraf Al Rayan said on Tuesday they had started negotiating a potential merger that could…
Saudi insurance firms to benefit from fewer claims, but challenges ahead
Despite a grim economic outlook, insurers in Saudi Arabia may have benefited from the recent coronavirus lockdown and are likely…
Middle East expected to see more investment from China and east Asia, Savills says
The Middle East is expected to receive further investment from China and countries in east Asia, largely driven by funding…
Reed Smith appoints new managing partner for Asia-Pacific region
Reed Smith has named Kyri Evagora as its new managing partner for Asia-Pacific, replacing Denise Jong who has been in…