08/27/2019
BlackRock Mideast Foray May Grow With Israel Infrastructure Push
To cope with a low-interest rate world, investors have looked to real assets including infrastructure to wring greater returns not tied to stock and bond prices.
Legal, Tax, Regulation & Compliance
08/25/2019
Qatari Regulator Fines the UAE's Biggest Lender $55 Million
Qatar last year alleged that First Abu Dhabi Bank, the United Arab Emirates’ largest lender, made “bogus” foreign exchange deals to harm Qatar’s economy after the UAE and other Arab states began a boycott of Qatar in 2017, a charge
08/23/2019
Pharos holding announces prime talks on acquiring its two subsidiaries end in deadlock
Pharos Chairman & CEO said: "Pharos Holding and its subsidiaries will continue to provide our unique services while meeting the demands of local and foreign clients
08/23/2019
UAE businesses need to crack payment muddle
Mounting delays are clogging up all avenues to instant and vital funds
08/23/2019
Dubai Financial Market notes governance improvements
The stock exchange says company leadership teams have benefitted from a partnership with the Hawkamah Institute
08/22/2019
Law Amendment Granting Citizenship To Investors Sparks Controversy In Egypt
The 2018 amendment enabled to grant citizenship to investors who deposited at least seven million Egyptian pounds ($392,000) in Egyptian banks within a five-year period.
08/22/2019
QFC joins global league of financial centres to promote sustainable business growth
The QFC will also impart successful endeavours and initiatives in different financial sectors including Islamic finance, fintech, asset management, and capital markets.
08/22/2019
CBK requests for monthly report from banks on money sent to local charities from abroad
It instructed the banks to submit these data on a monthly basis starting from this month.
08/22/2019
Invest Bank resumes trading on ADX
Earlier in the month of April this year, the shareholders of Invest Bank approved a strategic investment by the Government of Sharjah and a reorganisation of the Board of Directors.
08/22/2019
SME accounts surpass general credit accounts in Qatar banks in 2018: QCB
Qatar Development Bank was entrusted with the responsibility of developing and supporting SMEs in the non-hydrocarbons sector.
08/21/2019
UAE Gathers To Talk Finance Future
Banking industry leaders are among the many top-level executives and officials confirmed as speakers for the gathering, Al-Hashel boasted.
08/21/2019
Qatar eyes central regulator for Islamic finance sector
Financial services firms have been self-governing until now
08/21/2019
UAE national service recruits given bank fee exemption
Policy is designed to help young Emiratis who may not have built up their own funds
08/21/2019
Kuwait's Alargan Int'l Real Estate signs $218m bank facilities contract
Of the total amount, $36.2m will be used to fund projects by the developer behind Al Bida'a in Kuwait and Argan Village in Bahrain
08/20/2019
Int’l banking event to yield holistic sight: top Kuwait banker
Banking industry leaders are among the many top-level executives and officials confirmed as speakers for the gathering, Hashel boasted.
08/20/2019
Bahrain central bank issues final rules on insurance aggregators
The regulations target intermediaries with an insurance broker’s license that operate on an online platform or app and that provide price comparisons of insurance policies, and facilitate the purchase of insurance policies on behalf of insurance com
08/20/2019
Egypt's central bank seen cutting key interest rates
Three others expected the bank to keep its overnight rates unchanged.
08/20/2019
NAB obtained evidence from UAE against Zardari money laundering
The arrest warrants against Nasser Abdulla have been cancelled; however, the final decision on his plea to become the approver will be made by NAB Chairman Justice (r) Javed Iqbal.
08/19/2019
Oman issues $3bln international bonds
The proceeds from the debt-raising will enable the Sultanate to meet a significant portion of its expected funding needs for the year.
08/19/2019
KFH-Bahrain in consumer financing deal for Golden Gate
Our collaboration with Golden Gate comes in line with the bank’s efforts to provide suitable financing for our customers