09/05/2018
Aqarmap.com raises investment from Gulf funds
"The company is on the right path and have the great blend of investors to solidify its position as a regional leader."
Legal, Tax, Regulation & Compliance
09/04/2018
QDB fetes partner banks for SME support
This year’s winning partner banks were selected according to stringent criteria set by QDB, including a questionnaire that was completed by programme clients.
09/04/2018
Turkey's Albayrak says central bank independent, sees no crisis in banking sector
The lira has fallen some 40 percent against the dollar so far this year
09/04/2018
Adviser appeals $1m fine in Qatar
Guardian fights back against two financial penalties plus costs verdict
09/03/2018
Committee to probe Pakistanis’ assets parked in Dubai
According to the committee’s report, the FIA has significant details about the properties held by Pakistanis in Dubai and the committee aims to work on bringing back those assets.
09/03/2018
Singapore and Dubai regulators sign fintech pact
This includes signing similar partnerships with regulators around the world.
09/03/2018
Kuwait's Burgan Bank plans 150 mln dinar bonds
Outside Kuwait, the bank has operations in Turkey, Algeria, Iraq and Tunisia.
09/03/2018
15 Companies Consider Merger to Avoid Bankruptcy in Kuwait
Chief among the problems is inability of the companies to pay the loan even though some of them are involved in real estate, investment, and automobiles.
09/02/2018
IMF offers Riyadh praise and words of caution
The IMF contended that economic measures enacted by the Saudi government contributed to strong non-oil growth.
08/31/2018
'Kuwait Banking Association' instructs local banks to stop collecting SMS fees
Sources pointed out that it is not fair to collect fees for a service that will be free within a few days.
08/31/2018
IFC commits $2 billion to support Middle East private sector
IFC’s support enabled businesses in the region to provide more than 119,000 jobs
08/30/2018
Standard Chartered May Face Another Fine for Iran Sanctions Breaches
Now U.S. authorities are weighing a criminal penalty against Standard Chartered and individual employees, said the people, who requested anonymity to speak about the probe.
08/30/2018
Monetary Authority of Singapore and Dubai Financial Services Authority strengthen ties in FinTech
The Agreement reflects the commitment of both authorities to support the continuous development of FinTech and innovation to deliver new and enhanced financial services to manage risks better, reduce costs, and increase efficiency.
08/30/2018
IFLR Middle East Awards 2018: shortlist now live
The law firms listed on each deal are based on preliminary research and submissions.
08/29/2018
Credit Suisse to Buy Back $6 Billion in Qatar, Saudi Debt
Swiss lender seeking to cut funding costs by $900 million
08/29/2018
Ample liquidity in UAE banking as deposits rise
It was third consecutive monthly increase in deposits, said Monica Malik, chief economist, Abu Dhabi Commercial Bank.
08/29/2018
Barwa Bank, International Bank of Qatar agree to merge
The merger agreement would combine the key strengths of the two banks.
08/28/2018
Central Bank rejects Egyptian Tax Authority proposal for disclosure of accounts
The process would include the submission of a formal request by the Minister of Finance to the Central Bank before the disclosure of any information.
08/28/2018
Egypt to borrow $750m from international banks
In June 2017, Banque Misr signed a three-year $200 million loan agreement with the African Export-Import Bank (Afreximbank) to fund small and medium-sized enterprises.
08/24/2018
Senior banker to file complaint over social media allegations
It comes as a government investigation was ordered on Sunday into allegations that a large number of private and public sector employees hold fake degrees from fictitious universities.