03/14/2018
ACC quizzes three AB Bank officials
The three officials are Head of Corporate Treasury Mohammad Mahfuz Ul Islam, Head of Offshore Banking Unit Mohammad Lokman, and Senior Vice President MN Azim.
Legal, Tax, Regulation & Compliance
03/14/2018
Dubai’s tighter off-plan rules: the good and the bad
The DLD’s new escrow regulations could be hard on some developers, but a lifesaver for the real estate market
03/14/2018
Qatar National Bank Seeks to Increase Foreign Ownership
The Qatar National Bank, is seeking shareholder approval to boost foreign ownership, as most Qatari companies limit it to a quarter of total company ownership, unless otherwise stipulated by shareholders.
03/14/2018
Dubai Property Rebound Fails to Materialise
Optimism about a recovery in 2017 has given way to quiet resignation that the slump may persist for two to three years after oil price increases, key to the Persian Gulf sheikhdom’s economy, failed to spark an expected jobs boost.
03/14/2018
The tax-hike freeze sends out a clear message
The UAE Cabinet’s decision is a message of reassurance for businesses and consumers
03/13/2018
Qatar's biggest bank to double foreign ownership
The proposed move comes at a time of political and economic crisis for Qatar
03/13/2018
DIFC signs deal with MEVP to boost regional technology VC ecosystem
The fund was announced at DIFC’s inaugural Global Financial Forum last year.
03/13/2018
Gulf states set up company to facilitate money transfers
Riyadh-based company will allow GCC countries to transfer money 'without reliance on international currencies'
03/13/2018
PM directive to implement 14 projects in Southern Governorate
The Ministerial Committee for Urbanisation and Infrastructure has been asked to study 11 development projects in the Southern Governorate, and instructed them to expedite the work on three projects currently being implemented in the governorate.
03/13/2018
UAE central bank to launch new EIBOR system next month
The central bank has been examining ways to make the system operate more closely in line with market conditions
03/13/2018
The Fariz-Gates arrangement
When Fariz started applying governance, he insisted that the general manager of a bank or its CEO for that matter be separate from the chairman of the board. Families used to hire someone they can control as a CEO or chairman.
03/13/2018
Tamkeen and Ahli United Bank Sign a BD 40 Million Portfolio
To Support Bahraini Businesses
03/13/2018
Egypt Picks Banks to Manage International Bond Sale
Al Tamimi & Co. and Dechert LLP are the legal advisers.
03/13/2018
GCC states plan company for money transfers between members
All six member countries including Qatar have agreed to contribute initial capital
03/13/2018
UAE, Botswana explore investment opportunities
Al Saleh said on his speech on behalf Al Mansoori, that bilateral ties between the UAE and Botswana were particularly robust, due to investments in key sectors.
03/13/2018
First Abu Dhabi Bank adopts Accuity to strengthen screening processes
The Fircosoft portfolio of data-enabled technology solutions, delivered through a consultative partnership, provides versatile resources that help control risk, increase efficiency and meet regulatory requirements.
03/12/2018
Kuwait Finance House to split shareholding of Turkish asset manager
Both Kuveyt Turk and KFH Capital are subsidiaries of KFH, Kuwait's second largest lender and one of the world's oldest Islamic banks.
03/08/2018
Dubai’s Emirates appoints banks for sukuk roadshow
The carrier is checking market conditions for a corporate issuance
03/08/2018
Saudi crown prince seeks solution to $2.6bn Islamic tax row
Banks are contesting extra zakat tax payments demanded by the government
03/08/2018
Saudi Crown Prince Woos British to Bring Business Back Home
Prince Mohammed bin Salman’s visit to London to include meetings with Prime Minister Theresa May and Queen Elizabeth II