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…
Regulation, Risk & Compliance
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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…
Bucheeri: A quantum leap in Bahrain digital banking services
The Bahraini Technology and Business Society (TBS) in partnership with the NGN International, an IT system integrator and consultant headquartered…
Bahrain's GFH Financial subsidiary finalizes $159mln sukuk issuance
GFH Financial Group, a Bahrain-based investment bank, announced that its subsidiary Khaleeji Commercial Bank has finalized the issuance of sukuk…
Kuwait: NBK’s AGM was held with a 77.86% quorum and approved all BOD’s proposals
National Bank of Kuwait held today (Saturday, 7 March 2020), its 2019 Annual General Meeting and Extraordinary General Meeting (EGM),…
JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021
The financial fallout from the coronavirus pandemic will keep fueling debt issuance from the Middle East into 2021, while also…