05/14/2019
Qatar Islamic Bank signs an agreement with Qatar Red Crescent Society
The agreement was signed by QIB's Board Member and Head of Zakat Committee, Mr. Mansour Al Muslah, and QRCS Secretary-General, Mr. Ali bin Hassan Al-Hammadi.
Legal, Tax, Regulation & Compliance
05/13/2019
Path Solutions and Infrascale announce partnership agreement
Path Solutions will offer Infrascale’s Disaster Recovery solutions to its existing and potential clients.
05/13/2019
Mada Capital signs for Profile Software Axia
MADA Capital is a financial group based in Dubai, providing financial services and advisory including asset management, fund management and growing wealth for individuals, family offices and institutional investors through tailor-made solutions and global
05/13/2019
Oman establishes credit rating agency
Oman's credit rating agency will collect individual and company data related to loans, delays and defaults
05/13/2019
Turkey presses banks to agree high-stakes bailout of bad energy loans
The stakes are very high as Turkey takes the first of several steps needed to emerge from recession
05/09/2019
Australia's Macquarie downsizes in the Gulf: sources
In the UAE, the Australian bank is downsizing its operations in Abu Dhabi, sources familiar with the matter told Reuters.
05/09/2019
Bahrain receives first instalment of Gulf aid, expects deficits to fall
The Gulf kingdom said is set to receive further payments of $1.76 billion in 2020, $1.85 billion in 2021, $1.42 billion in 2022 and $650 million in 2023.
05/09/2019
CBK rejects Warba Bank merger with KMEFIC
CBK said that Warba Bank acquisition of AUB’s stake in KMEFIC will not have a significant effect on the financial position of the lender.
05/09/2019
Saudi Shura Council approves 'green-card' residency scheme for expats
Under the system, which requires a guarantee of specific fees, there are two categories: An extended iqama and a temporary one.
05/08/2019
Jersey partners with Bahrain on digital innovation
"Today is a landmark day in the story of Jersey's growing and thriving tech sector.
05/08/2019
Financial Connectivity Boosts Performance of Saudi Enforcement Courts
The service compliments the role between Justice Ministry and SAMA, helping both entities regulate relevant work with efficiency.
05/08/2019
DWF advises Neutral Capital Finance PLC on US$50m green Eurobond programme
The Bonds will fund Neutral Fuels LLC's expansion plans in the UAE
05/08/2019
Abraaj founder does not post $20m bail, remains in jail
Arif Naqvi was granted bail on Friday by the UK court
05/07/2019
Bank Audi signs final agreement for acquisition of NBG Egypt
The NBG stopped its activity in Egypt in 1961, however, it returned by opening a representative office in Cairo in 1975 and by 1979, it had opened its first branch.
05/06/2019
Eagle Hills Diyar signs agreement with UAE banks
Marassi Al Bahrain represents a remarkable addition to Bahrain's real estate landscape and a key contributor to the national economy.
05/03/2019
ED files money laundering charge sheet against Zakir Naik
Once the court takes cognisance of the charge sheet, the agency will file an application under the Fugitive Economic Offenders Act, 2018 to declare him as a fugitive economic offender, said the official asking not to be named.
05/03/2019
UAE starts granting five-year residency visas to entrepreneurs
Entrepreneurs will have to meet certain conditions to be eligible for the visa
05/02/2019
Qatar Sues UAE, Saudi, And Luxembourg Banks Over Riyal Manipulation
The analyst got sued due to a supposed scheme to weaken and potentially destroy the QR.
05/02/2019
Finance House takes SMS Banking to the next level
"Finance House is proud to be the first Financial Institution in the UAE to offer Loan Top-up facilities to customers through SMS," added Al Amir Gamal
05/02/2019
Kuwait axes expat 5% tax remittance bill
Sources have told local news outlet Kuwaiti Times that parliament has dropped the bill on taxing expat remittances from its agenda for the current parliamentary term ending in June.