07/20/2020
Dubai authorities rejects the application of Nigerians applying for a tourist visa
Do you think the visa restrictions was due to the arrest of the Nigerian fraudster Hushpuppi?
Legal, Tax, Regulation & Compliance
07/20/2020
Iran-China deal is ‘pragmatic’: CGTN
Iran and China plan to sign a 25-year comprehensive cooperation agreement.
07/20/2020
Lebanon advisers to ‘work on compromise’ on financial plan
The IMF said the losses appeared to be about the right order of magnitude.
07/20/2020
Siraj Holding completes deal for Al Hilal Bank's Islamic insurance business
Thomas Joe has been appointed CEO following appointment of new board members
07/20/2020
Saudi Real Estate Refinance Co signs 3 billion riyals deal with pension agency
Among the goals of the Vision 2030 reform programme promoted by Crown Prince Mohammed bin Salman, the kingdom aims to increase home ownership to 70% by 2030.
07/20/2020
Exclusive: Kuwait scrambles to boost coffers with up to $16 billion debt plan
Legislators have been requesting more visibility from the state about use of the funds and repayment mechanisms given the government's heavy reliance on oil income.
07/20/2020
BNY Mellon Secures Custody Licence from Saudi Arabia’s CMA
BNY Mellon Saudi Financial Company has been authorised to conduct Custody activities in the securities business.
07/20/2020
Kuwait banking sector to remain stable, strength depends on length of crisis - c.bank
Lack of progress on reforms to diversify away from oil would continue to expose Kuwait to oil price volatility
07/20/2020
Turkish central bank to stay on hold amid inflation risks
We think the Central Bank of Turkey will signal a wait-and-see period at its forthcoming meeting, with no imminent rate changes in the near term due to rising risks on the inflation outlook and signs of economic recovery
07/17/2020
Think tank skewers Dubai as hub for ‘dirty money’
UAE officials and regulators reportedly aware it is used as ‘conduit for illicit financial transactions’
07/17/2020
UAE advice firm agrees second merger in a month
As business eyes European and Latin America expansion
07/17/2020
CIAF cancels Sukuk issuance, considers alternative financing methods
It was forced to postpone and reconsider this step in light of the global pandemic and the international air traffic suspension.
07/17/2020
Robust master plan urged for Qatar capital market with focus on long-term debt
"The long-term growth of Qatar’s domestic debt capital market should be a top priority in the master plan with a focus on driving corporate bond and sukuk issuance," the report said.
07/17/2020
Bankruptcies among small and mid-sized businesses to peak, says IMF
More tax relief and interest rate subsidies can rectify a worsening situation
07/17/2020
Abu Dhabi Securities Exchange sees rapid acceleration in access for foreign investors
In the first half of 2020, AED6.3 billion of additional stock became accessible for a new group of both local and international investors, creating further scope for increased trading and liquidity
07/17/2020
Abu Dhabi Securities Exchange Set for Growth
ADX has coordinated closely with its listed companies and other stakeholders to build a robust, modern and increasingly international capital market, an essential pillar of any economy.
07/17/2020
IMF urges GCC, Arab states to balance reopening economy, keeping Covid cases down
Governments have to move away from job providers and shift this responsibility to private sector
07/17/2020
President issues Federal Decree restructuring Central Bank of UAE
Established under the Federal Law No. 10 of 1980 as a public institution, the CBUAE promotes financial and monetary stability, efficiency and resilience in the financial system
07/17/2020
Union of Arab Banks and Australian EarlyBirds Marketplace to bring Actionable Innovation to the Arab states
The UAB Digital is uniquely positioned to act as a service provider to UAB members and will play a catalytic role towards achieving world-class innovation and a fully transformed financial services sector in the Arab states.
07/16/2020
Dubai Chamber webinar examines legal implications of Covid-19-related business debts
Webinar highlighted strategies for recovering outstanding debt, negotiating settlements and rescheduling payments.