UAE issuers are hitting a rich vein with bonds
Leading UAE banks have come to the bond market, and they are getting a warm response. Sharjah Islamic Bank…
Regulation, Risk & Compliance
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Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members
Oil & Gas 360 Publishers Note: To help understand the OPEC + members, take a look at the breakeven crude…
Dubai allows new set of economic activities; no restrictions on mall visits
Dubai has announced the resumption of a new set of economic activities and services in the emirate effective Thursday 18…
Saudi Aramco completes $69bln SABIC stake deal, extends schedule
Saudi Aramco has completed its purchase of a 70% stake in petrochemicals company Saudi Basic Industries for $69.1 billion and…
Turkey could emerge stronger from coronavirus crisis, EBRD President says
Turkey among countries to gain the most from supply chain diversification, EBRD says Upgrade of Customs Union with EU would…
Lebanon central bank aims to bring dollar price down progressively: Salameh
The Lebanese central bank aims to bring down the price of the US dollar progressively with the agreement of licensed…
Saudi's SABIC board proposes H1 dividend to shareholders
Saudi Basic Industries Corporation has announced its board's recommendation to distribute cash dividends to shareholders for the first half of…
Dh50 billion: Leading UAE banks fully utilise liquidity relief funds to support customers
The UAE’s banking sector continues to roll out relief measures to individuals and businesses impacted by the COVID-19 outbreak with…
Syria devalues currency as new US sanctions hit
Syria's central bank devalued the Syrian pound on Wednesday giving in to weeks of depreciation on the black market as…
UAE Central Bank’s TESS liquidity scheme availed by 26 banks
In the aftermath of the Covid-19 pandemic, a total of 26 banks availed the Targeted Economic Support Scheme (TESS) liquidity…
Updated transfer pricing guidelines in Saudi Arabia
Saudi Arabia’s General Authority of Zakat and Tax on June 1 issued updated transfer pricing guidelines, providing clarification in several…
Kuwaiti accomplice of Malaysia fugitive in 1MBD scandal is founder of New York firm
A young Kuwaiti man, the partner of the fugitive Malaysian financier Jho Low and prime suspect in the Malaysian Fund…