01/05/2022
The Swiss bank says two companies defaulted on two loans it had provided to refinance the purchases, and claims Prince Fahad, the guarantor for the loans, is the ultimate beneficiary of the assets, Bloomberg reports.
01/05/2022
Once the criminals have intercepted the data on the card's magnetic strip and /or the user's secure pin, the data is then used to create fake cards with which funds are then fraudulently withdrawn.
01/05/2022
The UAE’s revised Commercial Transaction Law came into effect earlier this week
01/05/2022
Treasury bills are issued through auction for banks operating in Qatar.
01/05/2022
Jahez’s SAR1.6 billion IPO marks the first listing in 2022 in Saudi Arabia.
01/05/2022
“The goal of the judicial system and courts in Dubai is to deliver prompt justice in a country where the law prevails,” he added.
01/04/2022
AlBinali emphasised that this achievement will constitute an additional incentive to continue Barwa Real Estate’s plans towards developing new projects that adhere to international standards.
01/04/2022
“The new working week will also bring the UAE’s financial services sector into closer alignment with global real-time trading and communications-based transactions such as those driving stock markets, banks and financial institutions.”
01/03/2022
New system to increase efficiency of liquidity management in Saudi banking system
01/03/2022
Beginning 2 January 2022, the entirety of the United Arab Emirates’ existing labour law (Federal Law No. 8 of 1980) and any subordinate regulation will be repealed and replaced with the new Federal Decree-Law No. 33 of 2021 (the Labour Law Decree).
01/03/2022
The bank participated with EGP 100mln in the securitisation issuance of Global Corp
01/03/2022
Law to bring more clarity and flexibility in cheque transactions
12/30/2021
The move covers all government insurance schemes, including Saada
12/30/2021
The increase will double the company's capital
12/30/2021
Regarding the liabilities part, deposits kept at lenders in the country amounted at about 5.2 trillion Turkish liras (USD401.7 billion) in the end of November
12/29/2021
The law of evidence will achieve a “major qualitative leap in the judicial legislation system,” the crown prince said
12/29/2021
In-principle approval is a sign that Binance must complete the application process in full and expects to complete “in the near future,” the announcement notes.
12/28/2021
Companies that fail to abide by such procedures alongside the submission of financial statements will be prone to pay financial penalties of QR500 for each day of the delay (maximum QR 180,000), according to Article 24 of the Income Tax Law.
12/28/2021
The rules aim to contribute to the development of the finance sector promoting growth and stability in the secondary market for real estate finance
12/28/2021
The clarification issued by the CBUAE aims to raise awareness on decriminalisation of bounced cheques and penalties