12/04/2019
Egypt to issue first corporate sukuk within weeks - official
A second company, a contractor, will also issue sukuk worth more than one billion Egyptian pounds ($62 million) within weeks, he added, without giving the name of the company.
Legal, Tax, Regulation & Compliance
12/04/2019
Temenos signs Egyptian National Post
Temenos Infinity with its open, API-led architecture will enable ENPO to have an omnichannel, unified teller for all financial and non-financial services helping employees to serve customers faster and relieve overcrowding in branches.
12/03/2019
UAE President Highlights Development in National Day Speech
The federal government and local governments began to implement an ambitious plan to build thousands of housing units and adopted the “National Strategy for Quality of Life 2031,” WAM news agency quoted the President.
12/03/2019
Alba refinances $1.5bn Line 6 expansion syndicated loan
Arab Banking Corporation, Gulf International Bank and National Bank of Bahrain were the co-ordinators and underwriters of this transaction.
12/03/2019
UAE investments into Africa to flourish says Standard Chartered exec
Government-backed and private sector entities scale up activities ahead of pan-Africa free trade deal
12/02/2019
Bahamas Financial Services Board Sponsors STEP Arabia in Dubai
There is an opportunity for us to familiarize the Middle Eastern and Northern Africa (MENA) region with the offerings of The Bahamas.
12/02/2019
Trade insurer to offer financing worth $3b to UAE oil firm
It marks the largest single financing offered by K-Sure in 2019.
12/02/2019
Nigerian court orders seizure of Emirates Airlines aircraft worth millions of dollars over $22000 debt
The judge also ordered that Emirates Airlines shall bear the cost of maintainance and custody of the detained aircraft.
12/02/2019
CBB Reports 10pc Increase In Money Supply
The data also indicated an increase in the total balance sheet of the banking system from USD 191.6 billion at the end of October 2018 to USD 203.7 billion at the end of October 2019, an increase of USD 12.1 billion, or 6.3pc in the 12-month period.
12/02/2019
Jury dismissed in Barclays Qatar fraud trial
The high-profile case, the first jury trial involving such senior bankers, took place at Southwark Crown Court before the jury was dismissed on Monday.
12/02/2019
Bahamas' financial sector turns its sights on the Middle East
The objective of the STEP Arabia conference was to provide delegates with the latest regional legacy planning developments and practical examples from professionals in the field of trust and estate planning.
12/01/2019
Middle East business-friendly reform praised
The United Arab Emirates (UAE) is the most business-friendly jurisdiction in the region and the World Bank said successful reforms in the country had "served as an inspiration" to neighbouring nations.
11/29/2019
KPMG in Qatar holds a session to update local finance professionals on IFRS
After the impact that IFRS 9 caused to financial instruments and IFRS 15 to revenue recognition in 2018, it is time for lease accounting in the year 2019 which is a major change in the way leases are accounted and reported”.
11/29/2019
GCC governments spur investment in Africa
Abu Dhabi Fund for Development has been at the forefront of this activity, having funded more than 66 projects in 28 African nations to a value of $16.6bn.
11/29/2019
Maina’s son withdraws N58m, Dad over $800K in Dubai
The trial judge turned down the application on the ground that it was defective as it did not follow due legal procedure.
11/29/2019
Saudi-UAE Leaders Confirm Forthcoming Jointly- Issued Digital Currency
On the agenda was a policy to launch a digital currency to facilitate interbank trading between the two countries.
11/29/2019
Bahamas Targets Middle East On Financial Services
The objective of the STEP Arabia conference was to provide delegates with the latest regional legacy planning developments and practical examples from professionals in the field of trust and estate planning.
11/29/2019
Paralegal sues Trowers & Hamlins as head of Abu Dhabi office resigns
A source told RollOnFriday that the paralegal caught two senior members of staff having sex in the office, and was fired when she complained about it.
11/29/2019
Dubai's biggest bank said to cut up to 500 jobs
Sources say Emirates NBD has made staffing cuts across several areas of the bank's operations
11/29/2019
Concern on financial collapse in Lebanon – Crisis deepens
It is an unprecedented situation,” said Nabil Bou Monsef, deputy editor-inchief of the An-Nahar newspaper.