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.
Legal, Tax, Regulation & Compliance
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.
11/07/2016
Argentina and UAE sign double-taxation treaty
Agreement prevents taxes from being levied on investments in both the source and destination countries.
11/07/2016
Investors Watching Closely Egypt And The U.S. Elections
Global equity markets slipped on Friday on investor fears about the outcome of Tuesday's U.S. presidential election
11/07/2016
Qatar mulls Monte dei Paschi's $5.5bn cash call
Qatar's sovereign wealth fund is considering an anchor investor role in the world's oldest bank.
11/07/2016
Astad underscores regional expansion at Qatar-Saudi economic forum
The motivation behind this expansion comes from the accumulated experience we have in Qatar.
11/07/2016
Oman's Bank Muscat in talks to refinance $600 mln loan - bankers
The loan would refinance the three year maturity
11/07/2016
QFCRA, Kuwait’s CMA sign MoU on information sharing, development
The signing of the MoU highlights the QFCRA’s continuing commitment to foster greater regulatory cooperation, a spokesperson for the regulatory authority said.