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,…
Regulation, Risk & Compliance
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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…
Lebanon removes banking secrecy rules to fight corruption
Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption…
Beirut’s bank chief comes under fire over crisis
Touted as the guardian of Lebanon’s monetary stability, he has steered the country’s finances for nearly three decades through post-war…
Banks in Saudi, emerging markets will see spike in bad loans- S&P
Banks in Saudi Arabia and more than a dozen other countries are likely going to see their profits deteriorate and…
Egyptian government prepares new economic stimulus package
The Egypt government has introduced a new economic stimulus package in light of the economic setbacks caused by the coronavirus…