05/05/2020
IMF chief says had 'productive' call with Lebanon on its recovery plan
Lebanon plans to use the rescue plan to negotiate an IMF program.
Legal, Tax, Regulation & Compliance
05/05/2020
NMC Health's audit firm faces UK probe
Regulator to investigate Ernst & Young's handling of audit
05/05/2020
Saudi Arabia pressured but adequately buffered: MUFG MENA
Saudi Arabia has significant balance sheet strength
05/05/2020
Saudi experts warn against investing in unlicensed projects
Warning comes after a company is accused of using official logos in promotional video
05/04/2020
Coronavirus impact: E-commerce businesses grow faster in Dubai
Additionally, it enables business continuity and sustainability during Covid-19.
05/04/2020
Lebanon banks reject rescue plan as govt asks IMF for help
The banking association called revenue and expenditure measures “vague” and not backed by a precise timeline, and said the plan did not address inflationary pressures that could lead to hyperinflation.
05/04/2020
Dubai Gold and Commodities Exchange records 'extraordinarily busy' April
Total volumes on the DGCX in April totaled 810,000 contracts, valued at $20.02 billion
05/04/2020
Higher Shariah Authority at Central Bank issues guidelines for COVID-19 relief
HSA issued Shariah parameters related to the postponement of installments
05/04/2020
GCC's road to recovery amidst the Covid-19 pandemic
The region benefits from strong sovereign wealth funds and foreign currency reserves that could provide support in the short-term.
05/04/2020
Israel Enlists Money Managers to Help Fund Struggling Startups
Israel’s tech sector -- including ore than 6,000 startups -- is a critical component for the country, accounting for about 10% of all jobs.
05/04/2020
Saudi fiscal adjustment preferable to a devaluation
Pressure on the peg has again intensified with low oil prices and a drawdown of reserves
05/04/2020
LOOMING RECESSION: Difficult times ahead, Okonjo-Iweala warns
If you look even in the Middle East, where you have countries like Kuwait, UAE among others, you have so many countries that are commodity dependent but they save and save because what goes up must come down.
05/04/2020
Al-Jadaan reveals full extent of Saudi Arabia’s pandemic challenge
The double whammy of declining economic activity and falling oil revenue make drastic and speedy action inevitable for the Kingdom, Al-Jadaan indicated.
05/04/2020
Virus may force Kuwait Finance and Bahrain’s AUB to reassess merger
Last year, Kuwait Finance House offered to buy Ahli United Bank in an all-share deal that was valued at about $8.8bn
05/01/2020
Egypt's NBE denies cancelling 15% yield certificates
NBE has sold $4.76bln of the 15% yield certificates
05/01/2020
Bank Hapoalim to Pay $874 Million to Settle U.S. Tax Charges
As part of the tax-evasion settlement, Bank Hapoalim B.M. admitted the firm conspired with U.S. taxpayers
05/01/2020
SAMA values support by Saudi banks amounting to 100 million riyals
The companies have joined the list of others permitted in the 2 previous cohorts, bringing the total number to 30.
05/01/2020
QIB’s Gamal warns of profit threat to every bank
Profit pressure is a threat to every bank, says Qatar Islamic Bank’s group CEO Bassel Gamal
05/01/2020
Beware of 'phishy' numbers
While economies are dwindling, fraudsters are taking advantage of 'insecure' people
04/30/2020
Banque du Liban governor: State spenders must be held accountable
Syria accuses Lebanese parliament speaker of corruption