06/28/2023
ING Türkiye renews $362mln syndicated loan with 112% roll-over
ING Türkiye, part of ING Group which is one of the pioneers in the field of sustainability, renewed its syndicated loan with increased number of lenders
Legal, Tax, Regulation & Compliance
06/28/2023
Cut loan dues to 5%: Kuwait
The five percent installment will be calculated based on the remaining salary after subtracting payments for other loans, if any
06/27/2023
CMA Signs an MoU with Astana Financial Services Authority
This MoU represents a distinctive partnership between CMA and AFSA and sets a new direction for the mutual cooperation that accomplishes an important mutual benefit in the fields of fintech, Islamic finance, asset management, capital markets and financial
06/26/2023
More than 180 expats deported for violating Labour Law
The Ministry added that the inspection campaigns resulted in arrest of 152 workers in violation of the provisions of the Labour Law, including 89 workers who left their jobs.
06/26/2023
Dr Sultan Al Jaber calls for solidarity before COP28 conference
The two-day Paris gathering aimed to overhaul the climate finance system that is targeted at countries most vulnerable to global warming
06/23/2023
Egypt's central bank keeps interest rates steady
Headline inflation surged to an annual 32.7% in May
06/23/2023
Turkey's Central Bank hikes interest rate to 15 percent to tackle inflation
Turkish lira falls 2.5 percent to 24 to the dollar, a record low
06/23/2023
UAE central bank retains emirate’s growth forecast of 4.3% for 2024
The CBUAE said its decision to keep the 2024 growth forecast unchanged reflects the stability and adherence to the agreed-upon production levels in the oil market, contributing to a balanced and sustainable economic outlook.
06/23/2023
Dubai upskills over 170 government employees in generative AI
The course introduced participants to some of the generative AI tools, as well as the areas in which advanced technology applications can enhance the performance of government agencies
06/22/2023
Dubai International Financial Centre Reveals Plans for Second Edition of Dubai FinTech Summit
Jenny Johnson, CEO of asset management firm Franklin Templeton, also shared insight into the increasing accessibility to smarter technologies.
06/21/2023
White & Case advises banks on Commercial Bank of Dubai’s US$500 million inaugural green bond issuance
CDB is a leading UAE banking and financial services corporation headquartered in Dubai.
06/20/2023
Federal Tax Authority continues ‘Tax Support’ awareness campaign tours in Ajman and Ras Al Khaimah
The Authority held seven tours in five months, bringing together various tax system stakeholders
06/19/2023
ADIB signs MoU with Abu Dhabi Investment Office to support domestic enterprises and investors
This strategic step provides businesses with a banking solution that adheres to Islamic principles
06/19/2023
Egypt selects World Bank's IFC as consultant for its IPO programme
Choice of IFC is first high-profile move by Cairo to implement plan announced in January to offer investors stakes in 32 state enterprises
06/19/2023
IFC Appointed as Strategic Advisor to Government of Egypt for its Asset Monetization Program
“IFC has been a key partner of Egypt for several decades,”
06/16/2023
UAE Central Bank takes measures to limit impact of interest rate hikes on people
The regulator also discussed the latest developments related to the first phase of the implementation of the Central Bank Digital Currency strategy
06/16/2023
SAMA chief: Strong liquidity and capitalization reflect strength of Saudi banking system
He said the financial system has contributed remarkably to the strong economic performance.
06/15/2023
UAE, Qatar central banks keep interest rates steady, tracking US Fed move
The move by the Fed to leave its benchmark rate unchanged suggests that higher borrowing costs have made some progress in slowing inflation
06/15/2023
Lloyd’s signs Dubai insurtech accelerator agreement
The bank and DET will also support Dubai-based companies to move to the UK, along with promoting their insurance offerings in the country.
06/14/2023
ACCA launches new tax certificate to bridge a looming talent gap as the UAE shifts to a tax economy
his includes the rules of conduct and ethics of the profession, the corporate system, the tax system, and civil and criminal liability related to the practice of the profession