11/07/2016
Oman's Bank Muscat in talks to refinance $600 mln loan - bankers
The loan would refinance the three year maturity
Legal, Tax, Regulation & Compliance
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.
11/04/2016
Egypt Floats Currency, Appeasing I.M.F. at Risk of Enraging Poor
Egypt is trying to push through major economic changes to secure a $12 billion loan from the International Monetary Fund
11/04/2016
Egypt moves to secure IMF loan with currency flotation
Egypt has moved its currency to a floating rate in a bid to meet the criteria for an IMF loan
11/03/2016
Bahrain, Turkey aim to boost trade volume to $1 billion
The Turkish minister was speaking on the sidelines of the second GCC-Turkey Forum held under the patronage of His Royal Highness Prince Khalifa bin Salman Al Khalifa the Prime Minister.
11/03/2016
A developed debt market is the key to Qatar's financing needs
Regulatory Authorities and Leading Commercial and Investment Bankers from the region participated in the event.
11/02/2016
Beware of shady online transactions, banks warn
About 20 percent Saudis who purchase products through electronic marketing websites have been victims of fraud
11/02/2016
CMA Organizes a Conference for Development of Sukuk Market in Collaboration With World Bank
The incentives of demand for Islamic debt instruments will also be discussed.
11/02/2016
Highlighting the importance of project management CrediMax collaborates with BIBF
It has been designed to promote further awareness about this discipline, with the ultimate goal of enhancing project deliverables in the Kingdom of Bahrain.
11/01/2016
Measures to Adopt Common GCC Currency Seriously Considered, Omani Central Bank Director
Highlighting the advantages of the GCC member states contrary to other international interest rates that follow a negative interest rate policy.
11/01/2016
Kingdom enjoys better fiscal space: Cabinet
The Cabinet approved a number of procedures regarding the implementation of real estate financing product named Soft Mortgage.
10/31/2016
Lebanon central bank satisfied with FX reserves after operations to boost them
Lebanon central bank is at a satisfactory level which will allow the country to fund its needs for the public and the private sector
10/31/2016
UAE banking sector profits expected to decline 10 to 20 per cent in 2016
Individual bankruptcy protection law needs careful consideration
10/31/2016
Saudi central bank foreign assets shrink $7.4 bln in September
Assets shrink by 15.5% from a year earlier to their lowest level since January 2012
10/31/2016
Redefinition of Movable Pledge Seeks to Boost Collateralization for Commodity Financing
Businesses seeking financing can now utilize their movable assets more effectively as a source of collateral for their loans
10/28/2016
Saudis take new steps to ease bank liquidity crunch
A Saudi commercial banker familiar with the market confirmed the report.
10/28/2016
UAE bank deposits up by Dh30b
Central Bank: Gross bank assets up 1.3% in September
10/27/2016
UAE Central Bank announces M2 increases to $327 billion in Sept
The decrease in M1 was mainly due to decrease of AED0.9 billion in Monetary Deposits.
10/27/2016
ADIA eyes Asia, China opportunities with new Hong Kong office
New office will look to identify new opportunities region for Abu Dhabi Investment Authority said Sheikh Hamed,
10/26/2016
Kuwait's Gulf Bank seeking regulatory approval for CEO appointment
Daher has been deputy chief executive since August 2013