05/07/2017
Dentons advises Damac on tender offer, sukuk
The new sukuk was issued via a Cayman Islands special purpose vehicle, Alpha Star Holding III Limited.
Legal, Tax, Regulation & Compliance
05/07/2017
CBK to implement Sharia governance by year's end
He noted that it was organized in collaboration with the Accounting and Auditing Organization for Islamic Financial Institutions.
05/07/2017
Financial sector, diversification to drive GCC growth
Sustained, broad-based growth requires a healthy financial system.
05/04/2017
'PIMPED OUT BY BOSS' Married banker, 36, ‘pimped out’ to wealthy Arab client in bid to land £25m account and ‘threatened with the sack if she didn’t go for dinner date’
The woman claimed the client bombarded her with love songs and inappropriate text messages
05/04/2017
Turkey Plans to Let Banks Securitize Loans to Spur Growth
The planned legislation would contain nothing to prevent Turkey’s sovereign wealth fund from buying the new securities, while overseas demand is already evident, said Canikli. Ziraat Bank’s loan for a third bridge over the Bosphorus in Istanbu
05/04/2017
No more bank mergers in pipeline – Saudi central bank chief
Alawwal Bank and Saudi British Bank agreed last week to start talks on a possible merger
05/03/2017
GCC desire for innovation together with robust financial regulation on the agenda for Jersey Finance event
The event has seen the launch of a joint Jersey Finance and Hubbis white paper on "Driving forces behind HNW investors" examining trends and developments in the GCC.
05/02/2017
Qatar plans new public private partnership law this year, private sector set to gain
Asked when the new law will be enacted, he said it has to go through certain procedures but is expected within this year.
05/01/2017
Saudi Arabia bans financial services to North Korea
The ban includes remitting money or carrying out any kind of financial transactions to the country itself or through its territories.
05/01/2017
First Abu Dhabi Bank Mulls Expanding to Saudi, CEO Tells Khaleej
International and regional banks are seeking to expand in Saudi Arabia as the kingdom prepares to sell hundreds of state assets to help restructure its economy hurt by oil’s decline.
04/30/2017
Standard Chartered Bank partners with Transguard for smart cash transaction
Under the current agreement, Transguard will provide cash deposit machines to Standard Chartered Bank
04/27/2017
GCC capital markets' officials discuss integration
The meeting, which grouped representatives of the GCC finance supervisory authorities and bourses, aimed at reaching a joint approach to attain integration among the GCC finance markets.
04/27/2017
AMF to launch regional initiative for financial inclusion
The Arab central banks have sought, in cooperation with the AMF, to push ahead inclusive financing in the Arab World.
04/25/2017
Barclays sets loan repayment ultimatums for former KWM EUME partners
Partners reportedly replied with queries after the first round of communications, but the bank did not respond. One source said that the person who handled the matter for Barclays “fell ill.”
04/24/2017
Turkey Tweaks Government Financial Support Scheme for Technological Products
Products developed using equity capital were previously only eligible to be included in the Scheme if they are patented.
04/24/2017
Khaitan advises First Gulf Bank on merger
The merger for enforcement of the existing Indian law governed securities created in favour of FGB by Indian borrowers/Indian parent companies.
04/23/2017
Europe’s financial new regulatory environment: Is the Middle East ready?
MiFID ll will have a significant impact on the entire trading life cycle
04/23/2017
Banque Misr to sign $500m loan agreement with China Development Bank
The bank has opened its representative office in Guangzhou in the framework of its expansion plan outside the Egyptian market.
04/21/2017
Foreign investors expect swift realization of pledged reforms
Right after the referendum, members of the Turkish business world highlighted that investors now see more clearly a positive financial outlook and the result ensured predictability for investors.
04/20/2017
IMF lowers economic forecasts for Egypt and Saudi Arabia
The report predicted that the country’s growth will rebound to 4.5 per cent in 2018, close to the new target set by Cairo in its budget.