Turkish companies said to seek debt restructuring as virus hits
Debt-laden Turkish companies are seeking more time to repay bank loans after the coronavirus pandemic upended plans to sell assets,…
Regulation, Risk & Compliance
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Israel's Leumi signs deals with First Abu Dhabi Bank, Emirates NBD
Bank Leumi LUMI.TA said on Tuesday it had signed memorandums of understanding with First Abu Dhabi Bank FAB.AD and Emirates…
Israel's Beitar Jerusalem in talks with Abu Dhabi investors
Beitar Jerusalem are negotiating a possible investment by a group in the United Arab Emirates, the Israeli Premier League soccer…
UAE committed to financial action task force standards, central bank governor says
The UAE is committed to Financial Action Task Force (FATF) standards and will develop policies to strengthen the local banking…
Trump: Israeli pacts with 2 Arab states signal 'new' Mideast
Israel on Tuesday signed historic diplomatic pacts with two Gulf Arab states at a White House ceremony that President Donald…
Japan's Nomura cuts investment banking jobs in Dubai
Nomura Holdings has cut about a half dozen investment banking jobs in Dubai, as Japan’s biggest brokerage shrinks its Middle…
Bank of Bahrain and Kuwait to take over Ithmaar Bank’s Bahrain operations
The Bank of Bahrain and Kuwait, one of the biggest commercial banks in Bahrain, and Ithmaar Holding have agreed on…
Tanzania eyes Qatari investments in its ICT, energy, other sectors, says envoy
The United Republic of Tanzania is seeking Qatari investments in various sectors following a ‘massive reform’ to transform the East…
Russia's Sberbank to target Middle East investors with UAE subsidiary
Russia's largest lender Sberbank SBER.MM has received approval in principle to open an office in the United Arab Emirates to…
UAE-Israel trade and investment prospects ‘exciting’ for both nations, Economy Minister says
The UAE and Israel’s bilateral trade and investment prospects are a “dividend of peace” and increased commerce between the region’s…
UAE, Bahrain eye manifold benefits from Israel ties normalization
The pragmatic nature of the commercial relationship between the UAE and the Jewish business community is well illustrated by a…
Emirates Islamic Bank hires banks for 5-year dollar sukuk – document
Emirates Islamic Bank has hired banks to arrange the issuance of U.S. dollar-denominated five-year sukuk, or Islamic bonds, a document…