11/15/2016
Industrial and Commercial Bank of China /ICBC/ celebrates listing of a 400 million USD bond on Nasdaq Dubai
Trade between the UAE and China reached 54.8 billion US dollars in 2015, a 16% annual increase over the previous six years
Legal, Tax, Regulation & Compliance
11/15/2016
Saudi central bank: hopes money rates to keep falling, not worried by U.S.
Saudi authorities have made no new decisions about the investments, he said.
11/15/2016
Saudi 'comfortable' with foreign reserves level: central ban
The world's biggest oil exporter, in its budget released last December, projected a deficit of $87 billion this year.
11/14/2016
UAE employee’s unlimited contract not subject to penalty
AB is not liable to pay her employer anything if she leaves as it is their responsibility to pay for all costs, including her flight to the UAE and any agent or visa fees
11/14/2016
Payments evolution in the Middle East
Creation of digital finance ecosystems is a necessary facilitate long-term changes in the economy
11/14/2016
Brooks Macdonald signs deal with Dubai-based Abacus
The quality, experience and fee-based model at Abacus made them a natural fit for our first international alliance and we are confident that our investment solutions will help to meet the needs of their clients.
11/14/2016
Turkish central bank fixes interest rate on reserves in bid to boost lending
The rate varied from 300 to 500 basis points less than the average cost of funding, based on the volume of loans.
11/14/2016
Painful reforms seen stabilising Egypt’s public finance
The IMF’s Extended Fund Facility will ease Egypts’ near term foreign exchange requirements
11/14/2016
MENA Financial Crime Compliance Group launches
The group marks a significant milestone for MENA banks as they seek to bring collective action in the fight against money laundering and terrorist finance in the region.
11/11/2016
iTrader Israel Owner Out on Bail, Ran a Well Oiled Scam Machine
The brokerage's top leadership is accused of fraud under serious conditions and unlicensed portfolio management.
11/11/2016
Egypt pumps $2 bn into banking system from bond issue
It said the entirety of recent Egyptian government bond issues had been offered as security for the loan.
11/10/2016
Up to €600,000 in Dubai account to be transferred, court told
Money to go to liquidator of Irish company Arden Forestry Management
11/09/2016
Warren Buffet pledges $5 million investment in Israel bonds
The United States and Israel have a common destiny
11/09/2016
KFH fulfills CBK’s customer protection guide requirements
An awareness campaigns is being arranged where social media is used to spread awareness among customers concerning the guide articles and objectives.
11/09/2016
Banks Offering Dollars Lure Egyptians From the Dark Side
Egyptian lenders need billions of dollars to meet demand from businesses starved for dollars
11/08/2016
Qatar Central Bank welcomes Conference on Information Security in Financial Operations
The event is taking place at the Sheraton Doha Hotel.
11/08/2016
Central Bank signs MoU on electronic interconnection with local courts
The MoU reinforces the continuous efforts exerted by the Central Bank to support electronic transformation of services provided by federal and local entities and authorities
11/08/2016
Saudi Arabia to settle delayed private sector payments by end-December
The CEDA was looking at making the private sector payments, which have been delayed by sharp declines of oil revenues.
11/08/2016
Egypt set to approach IMF in days as free currency trading debuts
The pound weakened 3.6% yesterday to 16.75 per dollar at the National Bank of Egypt, the country’s largest lender.
11/07/2016
King & Spalding Elects 14 New Partners Across Seven Offices
"This year's class of new partners again reflects our priority to develop and promote high caliber lawyers worldwide in our areas of strength," said Robert D. Hays, Jr., chairman of King & Spalding.