Masraf Al Rayan gets shareholder’s nod to raise sukuk size to $4bn
The Ordinary General Assembly of Masraf Al Rayan has approved distribution cash dividend of QR0.170 per share, representing 17 percent…
Regulation, Risk & Compliance
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Egypt: Central Bank Offers $820 Million Worth of Treasury Bonds
Egypt is offering treasury bonds worth EGP13 billion ($820 million) in a bid to finance the country’s budget deficit. …
Financial Services ‘has key role in Bahrain’s development’
Bahrain’s Crown Prince and Prime Minister His Royal Highness Prince Salman bin Hamad Al Khalifa has placed Financial Services at…
Deloitte adds to senior leadership team in the Middle East
Deloitte has bolstered its Middle East leadership team with two partnership promotions and one major appointment in Saudi Arabia over…
Saudi Arabia answers questions on regional HQ policy
Saudi Arabia is sticking by its plans to exclude non KSA-headquartred foreign companies from doing business with state entities, but…
Why Zimbabwe and Rwanda could offer ripe opportunities for Gulf investors
Rwanda and Zimbabwe are ripe for Middle Eastern investment as the African countries continue to press ahead with transparency drives.…
Akbank Seeks Cheaper Foreign Borrowing in Test for Turkish Banks
Akbank T.A.S. is seeking to cut its foreign borrowing costs as it kicks off a wave of refinancing among Turkish…
Essential Clauses Of Share Purchase And Assignment Agreements In UAE
A share purchase and assignment agreement is used whenever a company or individual is acquiring or selling the shares of…
Dubai's DIFC Courts reports influx of businesses filing cases in 2020
The Dubai International Financial Centre (DIFC) Courts saw an influx of businesses filing disputes in 2020, with the total number…
Bank customers urged to update documents on record
As part of an effective customer due diligence process and to implement Know Your Customer (KYC) regulations, banks in Qatar…
ADCB inks agreement to buy 1,000 mortgages from Abu Dhabi Finance
Abu Dhabi Commercial Bank has signed an agreement to acquire a portfolio of about 1,000 mortgages from Abu Dhabi Finance.…
GCC sukuk issuance to moderate in 2021 with shrinking fiscal deficits
Sukuk issuances across GCC and key Islamic finance markets will moderate in 2021 as fiscal deficits decline amid higher oil…