ENBD REIT hedges AED 400m facility with Mashreq Bank
The arrangement fixes the variable rate of EIBOR for two years from June 2021 Current low levels of EIBOR are…
Regulation, Risk & Compliance
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DIFC Courts leverages digital infrastructure to accommodate rapid rise in commercial claims
Total number of enforcement claims increases 15% Arbitration-related claims record 62% increase in value The Dubai International Financial Centre Courts…
Kuwait to transfer 2b dinars to General Reserve Fund
Kuwait’s Ministry of Finance is preparing to transfer 2.05 billion Kuwaiti dinar in liquid cash after the parliament approved a…
BAB organises series of meetings on financial disputes’ settlement
The Bahrain Association of Banks (BAB) will organise a series of online meetings with stakeholders in the government, private and…
COVID-19: World Bank chief warns extreme poverty could surge by 100m
The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David…
UBP's Saudi Setback
The Genevan wealth manager is grappling with a hefty claim for damages from a major fraud scandal. After a years-long…
'It’s been a challenging year': Dubai loosens alcohol laws to ease economic slump worsened by coronavirus
Dubai again has loosened laws governing alcohol sales and possession of liquor as the sheikhdom tries to claw its way…
QFMA sheds light on key efforts and achievements in its 2019 annual report
The Qatar Financial Markets Authority (QFMA) has issued its 2019 annual report, which includes a detailed summary of the QFMA's…
Normalisation of ties with Israel will support UAE tourism and transport: Moody's
The agreement between Israel and the UAE to normalise their diplomatic relations will have important economic and geopolitical ramifications for…
QFCRA takes disciplinary action against former CEO of company
The QFC Regulatory Authority announced yesterday that it had taken disciplinary action against the former CEO of Guardian Wealth Management…
Saudi Marketing signs $26.67mln financing deal with Bank Albilad
Saudi Marketing Company has signed a 100 million Saudi riyals ($26.67 million) Islamic credit facility agreement with Bank Albilad. …
Abu Dhabi in talks with banks for new international bond deal, sources say
The government of Abu Dhabi is in talks with banks for a new international bond issue, sources said, having already…