09/17/2020
Iraq's inability to borrow money has 'plunged it into crisis'
In recent weeks, the Iraqi the government rejected the borrowing terms of the International Monetary Fund and the World Bank.
Legal, Tax, Regulation & Compliance
09/17/2020
UAE Central Bank reviews continuous development plans, new initiatives
The board members addressed the bank's operational plans and approved the consumer protection framework and regulatory oversight of the UAE banking industry.
09/16/2020
CBE Urges Banks to Offer Facilities As Six-Month Suspension of Loan Installments Ends
The CBE also called for taking into consideration the importance of avoiding any pressure on companies' financial liquidity.
09/16/2020
Bank Audi to sell units in Jordan and Iraq to Capital Bank
Talks on selling Egyptian business to restart with First Abu Dhabi Bank
09/16/2020
Israel's Leumi signs deals with First Abu Dhabi Bank, Emirates NBD
Leumi said its agreements with the UAE banks would help enable the countries to implement economic relations.
09/16/2020
UAE committed to financial action task force standards, central bank governor says
The country has strict laws and mechanisms to deal with money laundering and the financing of terrorism
09/16/2020
Trump: Israeli pacts with 2 Arab states signal 'new' Mideast
The agreements formalize the normalization of Israel's already warming relations with the United Arab Emirates and Bahrain.
09/15/2020
Bank of Bahrain and Kuwait to take over Ithmaar Bank’s Bahrain operations
Deal also extends to acquiring certain assets of IB Capital, owned by Ithmaar
09/15/2020
Russia's Sberbank to target Middle East investors with UAE subsidiary
The state-owned bank said Sberinvest Middle East would engage in trade finance of Russian exports to the Middle East
09/15/2020
A&O advises on sale of stake in The Saudi British Bank in rare accelerated bookbuild
They were supported by associates Aria Howorth Oram in London and Ruqaiya Ali in Dubai.
09/15/2020
Latham Advises the Government of Dubai on High-Profile US$1 Billion Sukuk and US$1 Billion Notes Issuance
The Certificates and the Notes were each offered to investors outside the United States pursuant to Regulation S under the US Securities Act of 1933, as amended.
09/14/2020
Arab central banks, monetary institutions to discuss implications of COVID-19
Fintech application and digital transformation of banking services and products are among issues to be addressed
09/14/2020
DIFC and Dubai Future Foundation collaborate to make the Emirate a Leading City of the Future
DIFC will also be a major part of the Dubai Future District, the region’s largest future economy focused district
09/14/2020
Saudi Arabia: New rules to help regulate money exchange business
Aim is to combat money laundering, terrorism funding
09/14/2020
Lebanese banks under more pressure after landmark UK ruling
Lebanese living in EU can now sue domestic banks to demand they return their money
09/14/2020
The Storm before the Calm or the Calm before the Storm?
Analysis of market positioning suggests that traders do not have significant sterling shorts yet.
09/13/2020
Saudi Arabia tightens anti-money laundering curbs
New rules set for forex offices including uncovering dubious and fraudulent dealings
09/11/2020
UAE central bank urges post-crisis caution to avoid credit supply squeeze
UAE central bank governor's comments, made in a speech to a conference of central bankers from emerging markets, were published on Thursday
09/11/2020
Construction in GCC reeling from Covid-19 economic impact
For construction, this has meant delays in raw material, much fewer projects, and new restrictions on how labourers can operate on a construction site.
09/11/2020
Boursa Kuwait Organizes Virtual Corporate Day in Collaboration With HSBC
The meetings enabled the international investors to gain an in-depth understanding of the benefits and opportunities of investing in the Kuwaiti companies