05/21/2020
Dentons four-day week gets go-ahead
Staff vote in favour of move to curb financial impact of pandemic
Legal, Tax, Regulation & Compliance
05/20/2020
Egypt says proposed standby funding from IMF aimed at helping businesses
“The 2016 programme was more on the fiscal and monetary side,” Saeed said. “After the success of the first phase of reform, we are continuing the structural reform programme.”
05/20/2020
Qatar Central Bank announces Eid Al Fitr holiday
The bank said in a circular that all financial institutions operating in the state must fully close all its branches during the vacation period.
05/20/2020
New banking regulations threaten press freedom in Turkey
Recent measures seeking to limit damaging information on the financial system pose new threats to press freedom in Turkey.
05/20/2020
BNP Paribas’ FX Prime Brokerage Unit Halts Turkish Lira Trades
The decision comes barely one week after Turkey’s regulator lifted a ban they imposed earlier this month on BNP Paribas.
05/20/2020
Turkey exempts Euroclear, Clearstream from trade limit
2 financial institutions exempted from Turkish lira transaction limit, says banking watchdog
05/20/2020
Turkish state owned Vakifbank obtains banking licence from Qatar
Permission to operate comes as opposition claims Doha is planning to buy shares from the bank
05/19/2020
UAE Securities And Commodities Authority Discusses With The Capital Markets Advisory Committee Initiatives To Regulate The OTC Market And Its Precautionary Measures To Contain The Consequences Of COVID-19
They reviewed SCA’s initiatives and the preventive and precautionary measures it took to limit the consequences of COVID-19 and contain its negative effects on financial markets.
05/19/2020
Service Quality and Resilience are Key in Current GCC Environment
The region has also seen governments introduce a range of fiscal and monetary measures to support businesses through these challenging times.
05/19/2020
Saudi Arabia's PIF buying spree is vote of confidence in pandemic recovery
The PIF buying spree helps shift its portfolio away from a concentration on Saudi Arabia and its big projects
05/19/2020
VakıfBank becomes first Turkish lender to obtain license in Qatar
The bank plans to launch its operations in Qatar after the coronavirus pandemic, said Abdi Serdar Üstünsalih, the bank's general manager.
05/18/2020
Saudi Arabia's sovereign wealth fund seeks $10bn margin loan
Public Investment Fund is pledging some of its stakes in SoftBank Group's investment vehicle to shore up liquidity
05/18/2020
A private client’s guide to DIFC Foundations
DIFC Foundations are fully recognised under UAE law.
05/18/2020
Dubai Islamic Bank donates AED16 million to Zakat Fund projects
He also called on Islamic banks and institutions to follow the initiative of the Dubai Islamic Bank to provide zakat money to deserving groups and help the Zakat Fund achieve its goals.
05/18/2020
NIB approves capital hike for aiBANK
aiBANK is a subsidiary of NIB
05/17/2020
Arab Monetary Fund disburses to Kingdom of Jordan the second tranche of the loan
$38mln to support reform efforts in face of various challenges
05/15/2020
Linklaters Plans Third Middle East Office
The law firm is expected to launch an office in Riyadh.
05/15/2020
European bank loans Turkey’s QNB Finansbank $108M
European Bank for Reconstruction and Development loan to help Turkish lender support trade, SMEs amid virus crisis
05/14/2020
UAE ministries may be merged, authorities changed: Sheikh Mohammed
The world will not be the same after Covid-19, said the Vice-President.
05/14/2020
Combating coronavirus: All UAE expats exempted from visa fines
Three-month grace period from May 18 set for residency violators expats to avail of fines exemption.