04/09/2020
It sets out a restructuring of the central bank and commercial banks to include “a transitory exceptional contribution from large depositors” and outlines a special fund to compensate depositors’ losses resulting from restructuring.
04/09/2020
Technology has been widely used to mitigate the impact of the global pandemic on the UAE's onshore courts, DIFC Courts, ADGM Courts and arbitration centres
04/09/2020
This is a landmark project as it is the largest renewables project in Oman and will be the first renewables IPP for AIIB in the region, with a consortium of international and regional banks also participating.
04/09/2020
The DFSA stands ready to consider any reasonable requests for regulatory relief and DFSA staff are available to answer any questions.
04/09/2020
Most people contacting us have taken a loan or credit card in good faith and serviced the loan for years, never missing payments.
04/08/2020
The bond sale's success will depend on the pricing, which will determine investor appetite for a deal.
04/08/2020
Hackers are jumping on the COVID-19 pandemic to exploit global uncertainty
04/08/2020
The parliament speaker discussed the financial and monetary situation, and ways to protect depositors' money, especially the small ones
04/08/2020
UAE's $70bn stimulus will help bank liquidity but could increase problem loans, says Moody's
04/08/2020
The AGM was held at the QFB Lounge premises in Doha, “adhering to all the precautionary measures to ensure the safety of participants.”
04/08/2020
The new 2025, 2030 and 2050 bonds launched at a final spread of 300 basis points (bps) and 305 bps, respectively, over the underlying five, and 10-year US Treasury notes, and a final yield of 4.40% on the new 30-year maturity.
04/07/2020
A senior banking source said this rate would be fixed
04/07/2020
Lebanon’s coronavirus lockdown has compounded woes in a country with a weakening currency, dwindling reserves, and soaring inflation.
04/07/2020
A new salary structure will be implemented April 1 onwards, until further notice
04/07/2020
The International Monetary Fund, which last month approved a four-year $1.3 billion program with the kingdom, had expected Jordan’s economy to grow around 2.1% in 2020 but gradually rise in the next few years to 3.3%.
04/07/2020
Entry into and exit from the areas under curfew has been banned until further notice
04/07/2020
These initiatives are designed to allow the DIFC community to focus on protecting the wellbeing of their staff and supporting their clients during this time of stress and uncertainty.
04/06/2020
The Authorities regulate and supervise banks and finance companies that may have clients experiencing financial stresses as a result of the Covid-19 outbreak.
04/06/2020
In a war, massive spending on armaments stimulates economic activity and special provisions ensure essential services. In this crisis, things are more complicated, but a common feature is an increased role for the public sector.
04/06/2020
The meeting which was under the theme Global Partnership for Effective Development Cooperation was an important call from the Ministry of International Cooperation to bring forward a platform for discussion around immediate COVID-19 crisis response and se