Bahrain unveils $30 billion post-pandemic investment plan
The island kingdom of Bahrain announced plans Wednesday for over $30 billion in spending to spur investment and build up…
Regulation, Risk & Compliance
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Qatar QNB closes $1.96bln 3-year term loan facility
Qatar's QNB Group has closed a 1.75 billion euros ($1.96 billion) three-year senior unsecured term. The banking group said…
Banks in UAE waive over $272mln debts of 4,511 Emiratis
The Non-performing Debt Relief Fund announced on Wednesday that 20 banks and financial institutions had waived the debts of 4,511…
Dubai Bank Pays $100 Million to Resolve Sanctions Violations with DFS, OFAC and Federal Reserve
Mashreqbank, based in Dubai, agreed to pay $100 million to the New York Department of Financial Services, the Federal Reserve,…
Dubai’s DAFZA, Export Bahrain sign agreement
Dubai Airport Freezone Authority has signed a strategic cooperation agreement with Export Bahrain, to establish frameworks for technical collaboration. …
State-owned Bank Syariah Indonesia to open representative office in Dubai in 2022
Indonesian state-owned Islamic bank, Bank Syariah Indonesia, is planning to open a representative office in Dubai in 2022, local media…
Mashreq signs MoU with Dubai South to support SMEs
Mashreq, one of the leading financial institutions in the UAE, and Dubai South will develop a strong financial ecosystem that…
Bank of Israel pledges to keep policy accommodative as risks remain
The Bank of Israel held its benchmark interest rate at 0.1% for a 13th straight policy meeting on Monday, citing…
Egypt issues regulations for SPACs
Egypt’s Financial Regulatory Authority has issued regulations governing the listing of special purpose acquisition companies on the Egyptian Stock Exchange…
Standard Chartered facing court case
Standard Chartered is facing a court case after investors accused the bank of making misleading statements about breaching US sanctions…
Liechtenstein Confirms Probe into Lebanon’s Central Bank Governor
Liechtenstein’s judicial authorities have a “pending money laundering investigation” in relation to Lebanese central bank governor Riad Salame, the country’s…
DIFC Court clarifies its jurisdiction in long-running Abraaj claim
The Dubai International Financial Centre (DIFC) Court has confirmed it has jurisdiction to hear a $600 million professional negligence claim.…