05/01/2019
UAE fines 9 government service centres for poor performance
Move follows Sheikh Mohammed's investigation into poor service at an Emirates Post branch last week
Legal, Tax, Regulation & Compliance
04/30/2019
Saudi licences issued to foreign firms up 70% YoY
Saudi Arabia has worked to lessen restrictions on foreign investors, yet overall FDI into the kingdom remains lower than forecast.
04/30/2019
DFSA invites applications for its 2019 regulatory sandbox “Summer Cohort”
It provides firms temporary flexibility to test and develop concepts within the test environment subject to various restrictions and modifications.
04/29/2019
Market intervention shouldn’t be about spiking asset prices
It puts a needless burden on regulators in framing their actions during market shifts
04/29/2019
Federal Court’s landmark ruling puts Islamic banks at ease
The industry heaved a sigh of relief at the decision
04/29/2019
New £1.5billion fine threat for Standard Chartered over Iran link after a civil case is filed by whistleblowers
Bank could face a new £1.5bn fine for breaking US sanctions against Iran
04/29/2019
QBIC launches programme to help fashion designers do business
The new programme also comprises of an acceleration phase that is delivered in Milan, Italy
04/29/2019
Qatar, UK sign several deals in London
Under the agreement, Innovate Finance renews its commitment to supporting the development of the FinTech ecosystem in Qatar
04/29/2019
Saudi Arabia may issue euro-demonimated bonds this year
Saudi Arabia plans to issue 118b riyals in debt this year
04/24/2019
Egypt's PM Urges Opening Banque misr Branch in Somalia
Madbouli also expressed readiness to meet the needs of the Somali government regarding technical support, training and scholarships, in order to help Somali cadres who are capable of building their state to graduate.
04/24/2019
Qatar First Bank EGM approves resolution for capital reduction
Another special resolution was passed approving certain alterations to the articles of association in accordance with the new corporate governance regulations issued by the QFMA.
04/24/2019
QFFD signs Guinea pact to fund projects in rural areas
The project aims to benefit rural communities by rehabilitating several road sections with a total of 866km of roads in 17 provinces.
04/24/2019
Dentons advises The National Bank of Ras Al-Khaimah on its five year $500million issuance
Dentons previously advised the bank on the recent update of its US$2 billion Guaranteed Medium Term Note Programme
04/24/2019
Cabinet approves KPC to borrow from various institutions to finance
The plan will also ensure the safety of expected cash flows and maintaining the strength of its financial position, as well as its ability to repay the principal and interest of the loan, it added.
04/24/2019
National Bonds Unveils New Identity of Its Sukuk Trading Platform
The bond-trading platform provides world-class innovative solutions and advanced technological connectivity to take on the requirements of Islamic banks and finance companies.
04/24/2019
Edamah signs an agreement with KFH-Bahrain to finance its Sa'ada Development
The official announcement and signing of the agreement took place during the Gulf Property Show 2019
04/23/2019
Jersey Finance Developments in the Middle East
There is also a notable increase in the connectivity between the UAE and East Africa, specifically Kenya.
04/23/2019
Bahrain set to host InsurByte conference in June
The conference will host keynote speeches, panel discussions, fireside chats, hands-on workshops, networking sessions, and case studies from prominent players in the InsurTech sector, as well as insurance professionals.
04/23/2019
UAE, Saudi Arabia provide $US3 billion in assistance to Sudan
The assistance bundle entails $500 million deposit into Sudan's central bank to strengthen the country's liquidity and monetary reserves.
04/23/2019
The benefits of opening an offshore company in the UAE for your business
Offshore companies in the UAE are able to ensure maximum confidentiality and security of financial assets.