Total collapse: Lebanon’s currency crisis explained
Lebanon’s current economic catastrophe is epitomised by one factor more than any other: The free fall of its currency. Since…
Regulation, Risk & Compliance
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Dubai landlord lists 400 properties on Urban platform
More of Dubai’s property leasing is getting onto digital platforms. Dubai Asset Management has struck a partnership with Urban,…
Kuwaiti lessor halves Boeing 737 MAX order after ending legal claim
Kuwaiti aircraft leasing company Alafco has halved its order for 40 Boeing 737 jets after reaching an agreement to end…
'Brexit will bring us closer to the Gulf', says UK Middle East Trade Commissioner
The UK’s withdrawal from the EU will allow British companies to forge a more direct and closer relationship with governments…
Egypt's local bank deposits increase to EGP 3.268trn in June: CBE
The Central Bank of Egypt has reported that local bank deposits increased by about EGP 77.319bn during June 2020, to…
Kuwaitization gathers momentum: 50% of expats working for subcontracting firms to be laid off
Pink slips are already out for many expatriates working on contracts in Kuwaiti ministries, especially those employed in non-technical fields,…
VAM Funds Announces Registration of Funds in UAE
VAM Funds has announce that it has obtained the approval of the Securities and Commodities Authority (‘SCA’) to register…
Qatar ADR: scope to resolve construction claims
Construction companies in Qatar can look to avoid costly litigation or arbitration proceedings by seeking to resolve disputes over construction…
The move is aimed to limit risks from property slump
The central bank issued a notice to lenders “to stop certain unacceptable practices” involving mortgages, which enabled some borrowers to…
Dubai records 190 FDI deals worth $3.3bln
Foreign direct investments continued to flow into Dubai as the number of announced FDI projects reached 190 in the first…
Turkish State-Owned Banks On Lending Spree To Stave-Off COVID-19 Crash
Still reeling from the aftermath of the currency crisis in summer 2018, Turkish corporations are poorly positioned to weather a…
Khaleeji Commercial Bank issues $159mln sukuk
Khaleeji Commercial Bank has successfully issued Sukuk worth $159 million, subject to approvals from regulatory authorities and the extraordinary general…