Dubai's Amlak Finance achieves 95% approval on debt restructuring
Amlak Finance, a Dubai-based Islamic mortgage provider, announced that it has achieved 95 percent approval on its debt restructuring terms.…
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MUFG expects growth in real GDP in 2020 in the MENA region
An MUFG MENA Economic report issued ha sexpects a pick-up in MENA regional growth in 2020 despite heightened geopolitical tensions…
Noor Bank reshuffles board ahead of merger with DIB
UAE’s Dubai Islamic Bank is progressing with the acquisition of Noor Bank whose board of directors has been reconstituted to…
DFSA takes action against Morgan Gatsby Limited for multiple serious breaches
The Dubai Financial Services Authority has announced that it has fined Morgan Gatsby Limited, approximately USD 246,000 (approx. AED 900,000),…
Al Salam Bank-Bahrain opens new Riffa branch in Al Raya Mall
Al Salam Bank-Bahrain officially opened its newest branch at Al Raya Mall in Riffa in the presence of the Executive…
Kuwait Finance House-Bahrain honours "Fursan Baytik" employees for Q3 2019
Kuwait Finance House–Bahrain, recently honoured another batch of employees under the ‘Fursan Baytik’ Employee Recognition programme in acknowledgement of their…
Mashreq signs agreement with DIFC to provide Escrow account services to owners' associations
Mashreq, had announced that it has signed an agreement with Dubai International Financial Centre, which will enable the bank to…
UAE’s Tabreed eyes new deals amid GCC expansion push
The National Central Cooling Company, also known as Tabreed, is looking to expand its presence in the Gulf markets, particularly…
Clifford chance and AS&H advise on a $1.9bln refinancing package for Arabian Centres Company
Clifford Chance, together with Abuhimed Alsheikh Alhagbani Law Firm, have advised the joint lead managers and lenders on a US$1.9…
AAOIFI grants compatibility of compliance certificate to iMAL Islamic financial software of Path Solutions
The Accounting and Auditing Organization for Islamic Financial Institutions carried out a rigorous process of testing the compliance of iMAL…
Saudi Business Sector Promised With Attractive Investment Opportunities in Cyprus
The Saudi business sector focuses on bolstering partnership opportunities and trade and investment cooperation with Cyprus. A Cypriot diplomat…
Saudi Arabia 2020 budget
The Saudi government set an optimistic target for the country’s economic growth when the Cabinet approved the SAR 1.02 trillion…