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Legal, Tax, Regulation & Compliance

05/07/2020

QCB launches instructions for financial institutions to address coronavirus risks

The QCB’s step is in light of the current conditions in the world and the region and to complement the precautionary efforts and measures taken by the State of Qatar to prevent and reduce the spread of Covid-19.

05/07/2020

Turkey push for cheap credit pays off as banks turn on taps

In Turkey, that drive resulted in deep interest-rate cuts and a series of regulations aimed at forcing banks to lend, including a new asset ratio introduced last month.

05/07/2020

Qatar Wealth Fund seeks $7.6 billion loan backed by stock

Qatar Investment Authority is in discussions with banks for a margin loan

05/07/2020

UPDATE 2-Junk-rated Bahrain to brave markets with dollar bond issues

The International Monetary Fund has said Bahrain’s fiscal deficit is expected to jump to 15.7% of gross domestic product (GDP) this year from 10.6% in 2019.

05/07/2020

UAE launches initiative for Islamic finance

The Islamic finance sector will benefit greatly from a unified international legal and legislative framework.

05/07/2020

EBRD provides US$ 175 million financing package to Turkey’s DenizBank

Of the new funds, US$ 100 million will be dedicated to support DenizBank’s financial instruments and products that facilitate international trade and finance.

05/07/2020

Investcorp forms JV with Tages Group to create investment platform with $6bn in assets

The two partners have no client overlap and the merger of their units will help expand their client relationships and geographical reach

05/06/2020

Saudi Arabia announces penalties for those breaching coronavirus measures

The announcement also specified punishments for those spreading COVID-19 related rumors

05/06/2020

UAE banks will be able to 'manage' COVID-19 economic shock - Central Bank

Central Bank governor says it's still too early to gauge extent of pandemic's economic fallout

05/06/2020

QCB to encourage venture capital financing, start-up development: Sheikh Abdull

In order to provide a national-level, comprehensive strategy for the sector, a clear definition of SMEs was provided and measures were undertaken to reduce barriers to bank lending for these entities.

05/05/2020

Coronavirus: UAE Higher Sharia Authority approves COVID-19 parameters

Body urges Islamic financial institutions to join in supporting affected sectors, people

05/05/2020

Gold is well-positioned as a hedge against inflation risk from expansionary fiscal and monetary policies

This goes against gold’s embedded characteristics, but we think that the unique circumstances at the time of that selloff are likely in the rear view.

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.

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

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