07/23/2020
Lebanon hires US firm for central bank probe
Alvarez & Marsal forensic audit seeks answers to mounting finance crisis
Legal, Tax, Regulation & Compliance
07/23/2020
Region’s first global digital security capital raise from the DIFC
The issuance also cements the DIFC’s position as the leading financial hub in the region, thanks to its robust, yet innovative legal and regulatory framework which helps nurture innovation and adoption of technology.
07/22/2020
Lebanon contracts Alvarez & Marsal to do forensic audit
The move to name Alvarez & Marsal came after weeks of delays after other companies were not accepted because of alleged links to Israel, with whom Lebanon is at war.
07/22/2020
Loans worth $537mln approved for SMEs - Central Bank of Jordan
Central Bank approves 3,942 loan requests from enterprises hit by pandemic
07/22/2020
Emirates NBD raises foreign ownership limit to 40%
UAE indices were pulled higher by global cues, notably EU's 750b euro stimulus
07/22/2020
Al Salam Bank Partners With Bahrain Bourse and Central Bank of Bahrain on New Shari’A-Compliant Asset-Trading Framework
The innovative new structure meets a growing demand for Shari’a-compliant alternative financing solutions, which has prompted a rise in global Sukuk issuances.
07/22/2020
Kuwait runs into resistance on bill to boost borrowing
Kuwait raised $8bn in March 2017 in its first sale of international bonds
07/22/2020
Kuwaiti banker faces arrest in Switzerland over $850m probe
Fahad Al Rajaan is accused of being at the centre of a vast web of secret commissions and kickbacks
07/21/2020
QNBFS to start liquidity provision service for QIB on July 23
QNBFS invested in one of the most recognised international trading systems for liquidity provisioning activity. Moreover, it brought in experienced traders with advanced educational and professional experience in market making and liquidity provisioning.
07/21/2020
Qatar has lowest ‘2020 central government deficit-to-GDP ratio’ in GCC, says S&P
Since the sharp fall in oil prices, many GCC sovereigns have posted sizeable central government deficits.
07/21/2020
Lebanon court orders the seizure of bank governor’s assets
The cabinet is expected to discuss in its Tuesday session the file of the audit of the central bank’s accounts, to determine who will handle this task
07/21/2020
Saudi Arabia’s swift intervention in pandemic pays dividends: OBG report
A key focus of the report is the accelerated transition witnessed to digital banking and commerce, coming on the back of major reforms implemented under Vision 2030.
07/21/2020
Philippines seeks Qatari expertise in Islamic finance
Plaza, in the previous forum, highlighted Peza’s 10-point programme, citing plans to build ‘eco-towns’, ‘eco-cities’, and new metropolitan areas in every region in the Philippines.
07/21/2020
QNBFS to start liquidity provision service for QIB on July 23
Liquidity providers guarantee transactions at the best price and boost the volume of transactions in the order book.
07/21/2020
EBRD backs Egypt’s largest local currency bond issuance
The Bank’s investment brings its total contribution to EGP 3 billion (€173 million) in NUCA’s EGP 20 billion bond programme.
07/20/2020
Dubai International Financial Centre continues to accelerate growth in first half of 2020
DIFC also worked with galleries located within the Centre to provide virtual tours, bringing art to people’s homes during the pandemic.
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?
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