Saudi Arabia PIF’s $40bn boost aimed at post-pandemic profit
The Public Investment Fund (PIF), Saudi Arabia’s ambitious sovereign wealth fund, is seeking to use the extra $40 billion it…
Regulation, Risk & Compliance
8934 articles found
Sharjah hires banks for $1bn sukuk sale
The emirate of Sharjah hired banks to raise as much as $1bn from international debt markets, joining wealthier Gulf states…
Curbing money laundering
RECENT regulatory penalties by the Office of Financial Asset Control of the United States, Financial Conduct Authority of the United…
Initiative to promote private investments in Bahrain's government land
Plans are underway to seek private investments in government-owned land, said a top businessman. Bahrain Chamber of Commerce and…
Dubai back to business: DIFC Gate Avenue to reopen from June 1
The DIFC Gate Avenue, the retail area within the Dubai Financial Centre will be open for business starting June 1,…
Qatar grants USD10 billion to Turkey to ease Lira's collapse
The central bank of Turkey has obtained USD10 billion from a currency swap agreement it made with Qatar, the analytical…
Shariah-compliant instruments can put the S in ESG
As regulators and policymakers around the world seek to establish a more sustainable, stakeholder-focused, and socially responsible financial system for…
Lebanese MPs await IMF remarks on capital control law – MP
Lebanese lawmakers are awaiting recommendations from the IMF to include in a draft law which blocks capital transfers from Lebanon…
Accor cuts 800 jobs across the Middle East and Africa region
Hospitality group Accor has revealed it has made around 800 people redundant in the Middle East and Africa as COVID-19…
Private sector customers lead double-digit deposits growth in Qatar banks
Commercial banks in Qatar saw a substantial year-on-year growth in the private sector customers' domestic deposits, particularly personal, thus leading…
Amlak Finance unable to complete debt restructuring agreement
Dubai-based real estate finance company Amlak Finance has been unable to execute a debt-restructuring agreement because one of its creditors…
Directors' duties and UAE corporate bankruptcy
Company directors and managers in the United Arab Emirates must ensure that decisions made in a financial distress situation are…