03/28/2023
Alvarez & Marsal Releases Saudi Arabia Banking Pulse For FY 2022
A&M’s KSA Banking Pulse examines data of the 10 largest listed banks in the Kingdom, comparing the FY’22 results against FY’21 results.
Legal, Tax, Regulation & Compliance
03/28/2023
UAE, Israel ink customs agreement to boost trade ties, activate CEPA
The UAE-Israel Comprehensive Economic Partnership Agreement was signed in May last year
03/27/2023
Environment Authority continues to monitor biodiversity of Oman
The team highlighted the tasks and specialisations of the team, and the biodiversity of rare natural animal species that live in wild environments in the Sultanate of Oman and the challenges it faces.
03/27/2023
Egypt's central bank likely to hike interest rates by 3% - HSBC
The apex bank will have to follow a 'very stringent' monetary policy, says report
03/24/2023
UAE central bank signs deal for CBDC strategy
The CBDC strategy was first unveiled in February as part of the central bank’s program to position the UAE as a global financial hub.
03/23/2023
World Bank agrees $7bln, 5-year partnership with Egypt
The Country Partnership Agreement will entail $1bln per year from the International Bank for Reconstruction and Development and about $2bln over five years from the International Finance Corporation
03/22/2023
Abu Dhabi’s ADGM witnesses 56% rise in assets under management in 2022
Last year, several ADGM-based companies listed on ADX including Borouge, Burjeel Holdings, Bayanat AI and Americana Restaurants while Anghami completed its listing on NASDAQ
03/22/2023
The Central Bank of UAE Grants Direct Debit Systems License for Marketplace Operations
Merchants will also benefit from the Direct Debit System service as it offers a fixed-fee structure that is cost-effective and saves time, without it affecting their relationship with their banking services provider.
03/22/2023
Regulator FRA (Egypt) sharpens focus on sustainability with UK banking alliance
LIBF and FRA signed a MoU to promote sustainable finance
03/21/2023
Linklaters secures licence to operate in Saudi Arabia
The new office will be the firm’s third in the Middle East alongside Dubai and Abu Dhabi
03/21/2023
Saudi’s SRC, Alrajhi Bank sign landmark refinancing deal
The deal is the largest of its kind signed in the Saudi banking industry
03/21/2023
CBB Treasury bills oversubscribed
The issue date of the bills is 22nd March 2023 and the maturity date is 21st June 2023
03/20/2023
UAE affirms support for Syria’s return to Arab fold: Gargash
Diplomatic advisor to UAE President says renewal of solidarity will usher in stability
03/20/2023
NBK’s AGM approved all BOD’s recommendations
NBK held its AGM with a 71.47% quorum
03/20/2023
SAMA governor rules out Saudi transactions with troubled US banks
SAMA continues to cooperate with its partners in developing the banking sector as well as in supporting entrepreneurs and financial institutions in Saudi Arabia: Ayman Al-Sayari
03/17/2023
UAE to make remote services mandatory for all healthcare providers
Ministry of Health and Prevention to launch Smart Digital Health regulatory framework
03/17/2023
Federal Tax Authority launches 'Muwafaq Package'
Initiative to facilitate doing business among SMEs
03/17/2023
UAE Central Bank gives green light to UAE’s first paperless Direct Debit Marketplace
Accessed only through UAEPASS, the Marketplace offers users peace of mind, with all payments facilitated through the platform being integrated with, and regulated by, the UAE Central Bank
03/16/2023
UAE to make remote services mandatory for all healthcare providers
Ministry of Health and Prevention to launch Smart Digital Health regulatory framework
03/15/2023
Linklaters advises Abraj Energy Services on Oman’s largest IPO in over a decade
Linklaters also advised several entities within the OQ group, subsidiaries of the Oman Investment Authority, as selling shareholders in the transaction.