04/20/2020
Collapse of the banking system could mean the end of Lebanon
Lebanon’s leadership has no understanding of the regional changes taking place, as was the case in the 1970s.
Legal, Tax, Regulation & Compliance
04/20/2020
Merged SHUAA Capital entity holds first general meeting virtually
General Meeting approves the Board of Directors' report in respect of the activity and financial position of the Company for the financial year ending 31 December 2019
04/20/2020
EY ordered to pay whistleblower $11m in Dubai gold audit case
Court rules accountancy firm breached code of ethics in its dealings with a refiner
04/20/2020
Asset buffers and fiscal discipline protect Abu Dhabi from external shocks, says finance head
The government is focused on maintaining a resilient balance sheet through returns on assets and optimising spending, chairman of Department of Finance says
04/17/2020
Banks in Bahrain warned against wage funds misuse
CBB warned banks against using the funds tosettle companies’ financial obligations
04/17/2020
Islamic Authority and Arab States in a Time of Pandemic
The most pressing goal is to shut down sites of potential contagion as Ramadan approaches.
04/17/2020
UAE banking sector resilient because of government support
With adequate measures in place, the UAE Banks Federation is confident that the current crisis will be overcome
04/17/2020
Finance minister: Saudi Arabia facing current global crisis from position of strength
He pointed to the country’s huge reserves and relatively low debt obligations as factors that would allow it to withstand the slowdown of the world economy due to the coronavirus pandemic.
04/17/2020
Qatar government debt ‘mitigated’ by ‘credible’ currency peg: Moody’s
The national airline, Qatar Airways, which Moody’s expects to post losses as a result of the global coronavirus pandemic, has debt of only around 3% of GDP.
04/17/2020
Abu Dhabi Government ties up with banks to expand SME financing
The deal with FAB, ADCB and ADIB will enhance support for smaller business to withstand market fluctuations
04/17/2020
UAE banks told not to terminate Emiratis or cut their salaries due to coronavirus
Emiratisation drive in the financial sector postponed.
04/16/2020
Insurance brokers in UAE offered capital relief
It will help firms meet their operating expenses during the coronavirus outbreak
04/16/2020
Legal challenge seen in rush to cut pay in Kuwait
Central Bank of Kuwait aims to reduce salaries and benefits of top banking officials
04/16/2020
UAE advisers split on game changing regulation
With one-in-10 chief executives considering their exit strategy
04/15/2020
Arab Africa Trade Bridges Program Outlines Actions to Support Developing Countries Cope with the COVID-19 Crisis
Initiatives focusing on pharmaceuticals and healthcare and other value-added sectors such as agriculture and textiles to take precedence
04/15/2020
Turkey’s banking watchdog slashes limits on banks' FX transactions
Those with a maturity of 30 days were reduced to 2% of the banks’ equity.
04/15/2020
UAE banking sector joins law enforcement agencies to fight fraud
CBUE, UBF, Abu Dhabi Police and Dubai Police launch national fraud awareness campaign
04/15/2020
Qatar Airways, Standard Chartered sign $850mn financing deal
At Standard Chartered, we continue to support our clients and communities despite the ongoing challenges with Covid-19 and are proud to have been able to provide Qatar Airways with this financing.
04/15/2020
QFC announces new measures to support its firms
The updated rates would ensure that any QFC firm that extends their filing due date would not suffer any late payment charges until August 31, 2020
04/15/2020
COVID-19: Dubai to cut property service charges this year
RERA confirms the move to lower cost burden on home owners