04/13/2021
Dentons advises the Islamic Development Bank on largest sustainable sukuk issuance
The transaction also represented the largest sustainable sukuk issuance globally to date.
Legal, Tax, Regulation & Compliance
04/13/2021
Deloitte advises education firm Al Faleh on its stock debut
“a listing and trading venue for SME’s that do not fulfil listing requirement of the main market,” and “an alternative route to market for the SME’s who need the access to capital that being listed entails.”
04/13/2021
Al Maryah Community Bank receives approval from UAE Central Bank
Customers can seamlessly open their accounts and experience a whole lot of smart banking services built on AI powered technology integrated with UAE Government's Smart Services
04/13/2021
DIFC: Domicile for fund managers and funds
Our proficiency extends to listed and Public Funds, Exempt Funds and Qualified Investor Funds as well as the coordination of External Funds by DIFC Fund Managers across a range of asset classes, both conventional and Sharia compliant.
04/13/2021
Walter Jopp says some UAE advice firms ‘will not survive’
But Zurich Middle East CEO remains ‘committed’ to a ‘multi-channel distribution strategy’
04/12/2021
GCC to lead Middle East's post-COVID economic rebound: IMF
Recovery of oil importers is expected to be sluggish in the near term
04/12/2021
Ministry of Economy extends deadline for registration in anti-money laundering regulations until April 30
Imposition of penalties and fines on violators to begin once the new deadline expires
04/12/2021
IMF hikes growth forecast for the Middle East, says recovery will be ‘divergent’
Real GDP in the MENA region is now expected to grow 4% in 2021, up from the fund’s October projection of 3.2%.
04/12/2021
Banks in Egypt increase capital to comply with new banking law
Law stipulates minimum capital of EGP 5bn for banks operating in Egyptian market, $150m for foreign bank branches
04/12/2021
Zu'bi & Partners won at the Chambers middle east awards 2021
The award was presented on an online live broadcast on 7 April 2021, organized by Chambers and Partners, the market leader in legal research and publishing
04/09/2021
Emirates NBD to sell controlling interest in Dubai Bank to Abu Dhabi-based Eradah Capital
Statement to Dubai Financial Market said transfer is expected to complete this year
04/09/2021
Central banks turn back to gold purchasing; global reserves rise by 8.8 tonnes
Buying activity had slowed down in second half of 2020
04/09/2021
Qatar participates in GCC meeting on municipal legislation
Participants stressed during the meeting on the importance of activating the role of community engagement in regulation and inspection by using social media, and promoting that sides in all fields of municipal work.
04/09/2021
Another Record-Breaking Year For Middle East Debt Markets
Middle Eastern states hit the international debt markets with gusto in 2020, setting a record. Issuance is expected to be even higher this year.
04/08/2021
PwC’s Academy brings internationally recognised VAT diploma to Oman
The VAT diploma is delivered by highly experienced tax professionals and is a modular format, split into four manageable sections to accommodate the demanding schedule of working professionals.
04/08/2021
CMA issues administrative decision
The decision excluded the international bonds issued by the Omani Government
04/08/2021
Gulf growth forecasts raised by IMF
The United Arab Emirates, the Gulf’s second largest economy, will see growth of 3.1 percent this year
04/07/2021
Bank Nizwa approves distribution of cash dividend for shareholders
The AGM also disclosed the Sharia Supervisory Board’s Report for the year ending December 31, 2020.
04/07/2021
QFB improves balance sheet, overall liquidity position in 2020: Chairman
During the meeting, the AGM discussed and approved all items on its agenda, in addition to the business plan for the financial year of 2021.
04/07/2021
Lebanon’s central bank to commit to audit as Macron urged to freeze ‘doubtful’ assets
French President Emmanuel Macron should freeze suspect assets held by Lebanese officials in France to break a “political-economic mafia” that has plunged Lebanon into crisis and misery, an open letter said Tuesday.